The mission of the Allianz Foundation for North America is to empower young people to shape a secure future for themselves and the communities in which they live by helping them become successful, self-reliant and socially conscious.
As part of our effort to promote social consciousness among young leaders – tomorrow’s community, national and world leaders – the Foundation established the Allianz Foundation Fellowship Program. This program enables gifted and motivated young people to take part in a short-term learning experience in the not-for-profit sector. Fellowships are generally made available for the summer months. However, not-for-profit organizations applying for Fellowship funding may also do so to create carefully structured learning experiences for young people during the academic year. We believe that, by engaging in an intensive learning experience with appropriate adult mentors at a not-for-profit organization, young people will further develop key life skills – including an ability to work well with people of different ages and backgrounds – and also enhance their own knowledge of important social issues. Furthermore, as future leaders in both the public and private sectors, Allianz Foundation Fellows are able to help raise public awareness of the critical role not-for-profit and nongovernmental organizations play in creating positive social change.
The Allianz Foundation Fellowship Program provides funding to a limited number of 501 (c) (3) organizations – selected by application – so that they may create one or more Fellowship learning sites at appropriate venues within their organizations. Allianz Foundation Fellows are recruited and selected directly by the not-for-profit organizations whose applications for Fellowship funding have been approved by the Allianz Foundation. Above and beyond the learning and networking opportunities created by their own not-for-profit Fellowship site, all Allianz Foundation Fellows will have access to professional networking opportunities through Allianz companies in their area and, if possible, will be offered an opportunity to meet with a board member of the Allianz Foundation for North America to discuss their not-for-profit learning experience.
Any not-for-profit organization that has received a grant from the Allianz Foundation for North America at any time is eligible to apply for funding to create an Allianz Foundation Fellowship learning site within their organization. Young people who have successfully participated in a program supported by the Allianz Foundation are eligible to become Allianz Foundation Fellows at the not-for-profit in which their program was located. The Allianz Foundation Fellowship program is intended for rising high school seniors and recent graduates, including participants in and graduates of GED programs, as well as students who have completed no more than one year of post-secondary education. Fellows may, at the discretion of the not-for-profit organization overseeing their learning experience, take part in more than one Fellowship period. It is expected, however, that even the most dedicated and successful Fellows will participate in no more than three consecutive Fellowship learning experiences to maximize opportunities for other young people to take part as well.
Each Allianz Foundation Fellowship package consists of a single 10,000 US dollar grant made to each 501 (c) (3) not-for-profit organization whose application for funding to create a Fellowship site has been approved by the Allianz Foundation. Not-for-profit organizations may apply for only one Fellowship package at a time but may structure Fellowships to accommodate between one and five Allianz Foundation Fellows during the scheduled Fellowship period.
From the total grant amount, Allianz Foundation Fellows will receive individual stipends for the full Fellowship period at the appropriate discretion of the not-for-profit Fellowship site. Any remaining sum shall be used to offset costs associated with maintaining an intensive, meaningful and well-guided learning experience for each Fellow (e.g., any relevant costs associated with providing appropriate mentoring during the Fellowship period).
Each not-for-profit organization seeking funding to create a Fellowship site should designate one staff member as Program Coordinator to serve as the central liaison between the Allianz Foundation, not-for-profit management and program staff, and the Allianz Foundation Fellows themselves.
The Allianz Foundation Fellowship program is intended to make available to gifted and motivated young people an intensive, meaningful and well-guided learning experience in the not-for-profit environment. With this central goal in mind, not-for-profit organizations may apply for funding to create one or more Allianz Foundation Fellowship learning sites within their organization.
Non-profit organizations interested in creating an Allianz Foundation Fellowship site should first designate one staff member to serve as Program Coordinator (central liaison for the Allianz Foundation, not-for-profit management and program staff, and the Allianz Foundation Fellows within their organization).
The designated Program Coordinator in each not-for-profit organization should notify the Allianz Foundation’s Executive Director by email of their intention to apply for Fellowship funding – using the subject line "Allianz Foundation Fellowship" for all correspondence – and submit to the Allianz Foundation a letter of intent that includes each of the following:
- A detailed explanation of how the proposed Fellowship funds would be used to create an intensive, meaningful and well-guided learning experience for one or more young people in keeping with the Allianz Foundation Fellowship’s eligibility requirements;
- An explanation of one or more core learning areas to which Fellows would be exposed (e.g., not-for-profit administration, programming, finance, fundraising/development);
- The proposed timeframe for the Fellowship period (e.g., July-August; September-December);
- Designation of at least one staff-member who will serve as supervisor and mentor to Fellows throughout the Fellowship period;
- A clear commitment to weekly mentoring sessions with each Fellow (at least one hour per week to discuss such issues as learning edges, overall experiences at the learning site, and insights gained into not-for-profit work);
- A clear commitment to having mentors available for ongoing support and guidance for all Fellows as needed and appropriate;
- Definition of an in-depth learning project – relevant to each Fellow’s core learning area(s) – that shall be completed during the Fellowship period.
The learning project should enable each Fellow or team of Fellows to practice leadership skills and teamwork while advancing their knowledge of their core learning area(s) within the non-profit environment.
Together with their letters of intent, all Program Coordinators must submit documentation of their not-for-profit organization’s continued status as a 501 (c) (3) entity under the United States Internal Revenue Code. The deadline for all Fellowship applications for the current year is April 15th.
If his or her organization has been approved for Fellowship funding, the Program Coordinator must submit to the Allianz Foundation a one-page, mid-term report – roughly halfway through the scheduled Fellowship period – describing the experiences and progress of Fellows at each learning site within their organization. The mid-term report should be based directly on feedback from Fellows and their mentors.
Additionally, Program Coordinators and not-for-profit mentors are encouraged to facilitate a meeting for Fellows with the executive director or other appropriate senior executive(s) of the not-for-profit organization toward the end of the Fellowship period to discuss the student’s learning experiences and other relevant issues of interest related to the not-for-profit sector.
Finally, each Program Coordinator must submit to the Allianz Foundation a final report of no fewer than three and no more than five narrative pages summarizing the experiences and feedback of all Allianz Foundation Fellows and mentors within their organization. The final report should discuss the results of individual learning projects and include anecdotal evidence – e.g., quotes – reflecting the Fellows’ learning experiences, growth edges and insights gained into the role of not-for-profit organizations in society. It is strongly recommended that final reports be based on personal interviews and/or in-depth discussions with Fellows and mentors. Final reports must also include a detailed appendix showing how all Fellowship funds were allocated, e.g., with regard to stipends and costs associated with appropriate mentoring.
For further information on the Allianz Foundation Fellowship program, or to apply for funding to create a Fellowship learning site within your 501 (c) (3) not-for-profit organization, please use the contact information below.
Please also remember to use the subject line "Allianz Foundation Fellowship" for all correspondence related to this program.