Allianz Life Awards $200,000 to BestPrep and
Youth-Focused Organizations Receive Funds to Help Support Financial Literacy
June 02, 2010 10:15 AM Eastern Daylight Time
MINNEAPOLIS--(EON: Enhanced Online News)--Allianz Life Insurance Company of North America (Allianz)
today announced that it will be partnering with BestPrep and Junior Achievement to help advance financial literacy
for youth in the Twin Cities. As part of the relationship, each organization will receive $100,000 as well as program
participation from Allianz employees during the 2010-11 school year.
Allianz is also establishing a Financial Literacy Council to utilize the talents and leadership of Allianz employees while
helping BestPrep and Junior Achievement reach more young people. Through several programs provided by each
organization, Allianz employees will sponsor, guide and mentor various groups and students to further their education
in financial literacy.
“The recent financial crisis has shined a spotlight on financial literacy, an issue that we at Allianz are passionate
about,” said Brian Peterson, senior vice president of Allianz Distribution Group and leader of the Financial Literacy
Council. “We recognize the need to support local organizations that foster youth-focused financial education and
career growth and our employees are excited to help these organizations make a difference in more young peoples’
BestPrep is a statewide, nonprofit organization with a mission to best prepare Minnesota students with business,
career and financial literacy skills through experiences that inspire success in work and life.
“This grant will allow BestPrep to expand our financial education programs to thousands of students in Minneapolis
and the West Metro area,” said Bob Kaitz, president and CEO of BestPrep. “The result will be a student population
prepared to make sound money management decisions for a lifetime of economic independence.”
With 11 chapters in Minnesota, Junior Achievement is