RICHMOND, VA,FEBRUARY 25, 2015 — The Allianz Foundation for North America has awarded a continuing $25,000 grant to the Virginia Council on Economic Education (VCEE), a nonprofit organization providing K-12 economic and financial education through teacher training, classroom resources, and statewide advocacy. This latest grant brings total Allianz Foundation funding of VCEE programs to $75,000 since 2013.
VCEE and its affiliated university-based centers for economic education are the primary resource for Virginia’s K-12 teachers and school divisions seeking training and classroom resources for economic and financial education. Funds from the Allianz Foundation grant will be used to support the VCEE’s Virginia High School Economics and Personal Finance Initiative.
“The Allianz Foundation is committed to empowering young people to shape a secure future, not least by developing their financial awareness and skills - to benefit themselves, the economy, and society as a whole,” said Christopher Worthley, Executive Director of the Allianz Foundation for North America. “The Virginia Council on Economic Education provides training, resources and tools so that teachers are better prepared to help their students succeed in today’s economy.”
“Virginia is a national leader in requiring students to earn full credit in economics and personal finance in order to graduate. This requirement helps prepare students to be successful employees and entrepreneurs as well as informed citizens and voters,” said Daniel R. Mortensen, VCEE’s Executive Director. “This is truly a competitive advantage for Virginia and will help create a stronger economy for the future. We appreciate the continued support of Allianz and the Allianz Foundation in this important effort.”
As one of the world’s largest financial services companies, Allianz is committed to improving financial literacy. The company, with operations in over 70 countries, understands that economic knowledge and financial skills are critical for young people to thrive in today’s dynamic, global economy. Allianz and its philanthropic arm in the United States, the Allianz Foundation for North America, have chosen to recognize and support innovative programs like the Virginia High School Economics and Personal Finance Initiative which will be studied and replicated in other states, further improving financial education for all.
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Allianz Foundation for North America
The mission of the Allianz Foundation for North America is to empower young people to shape a secure future for themselves and for the communities in which they live. The Foundation is committed to creating sustainable social value by partnering with programs that help young people develop the skills, motivation, perspectives and opportunities they need to be successful, self-reliant and socially conscious members of society.
Allianz is ranked 27th in the Forbes Global 2000 (2014) and is the 55th most valuable global brand (Interbrand, 2014). Allianz has 144,000 employees worldwide and 83 million customers in more than 70 countries. In 2013, Allianz had 110.8 billion euros in revenue and over 1,770 billion euros under management.
Allianz entities in the U.S. include:
Allianz Global Assistance
Allianz Global Investors
Allianz Global Corporate & Specialty
Virginia Council on Economic Education
For over forty years, the Virginia Council on Economic Education (VCEE) has been providing Virginia’s K-12 students with economic knowledge and financial skills needed to thrive in our dynamic economy. By partnering with teachers and school divisions, VCEE seeks to help students understand economic concepts and develop decision-making skills needed to be informed consumers, productive employees or innovative entrepreneurs, thoughtful investors, and reasoned voters. VCEE operates as a true public-private partnership by leveraging the collective intelligence, resources, and vibrant spirit of state government, local school divisions, universities, business leaders, and teachers.