Allianz Global Donates to the Foundation for Financial Planning

Gift of $500,000 bolsters foundation's endowment

Allianz Global Investors Distributors has made another donation to the Foundation for Financial Planning to support the Foundation's endowment and its work with nonprofit organizations. What is exciting about this gift, totaling $500,000, is that "individuals within Allianz Global have jumped in--MDs (managing directors) have given individually as well as the corporate [grant] so I imagine a good deal of this gift is coming out of individuals' pockets--that's pretty powerful," says Jim Peniston, executive director of the Foundation for Financial Planning, based in Atlanta.

The Foundation for Financial Planning, on the Web at www.foundation-finplan.org, supports a number of pro bono financial planning and outreach efforts that assist people in need. The Foundation supports the Financial Planning Association's National Financial Planning Support Center, created to help families affected by the 9/11 attacks, and in an expanded role is providing pro-bono financial planning for military families through a partnership with the American Red Cross. The Foundation recently made a $100,000 emergency grant to the National Planning Support Center for outreach and planning for victims of Hurricane Katrina.

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