The Allstate Foundation recently awarded Dr. Bala Arshanapalli, Gallagher-Mills chair of Business and Economics at Indiana University Northwest a $15,000 to go towards the Financial Planning and Education Center which serves as a resource in helping people understand money and finance in practical situations.
"We want to be able to help people in various areas of finance that include understanding the finances of buying a home, starting a college tuition account, or simply how to invest," says Arshanapalli, who will also serve as director of the Center. "One of the main goals for the Center is to support the community for the long term, and then be available to them as their financial needs change."
As director of the Financial Planning and Education Center, Arshanapalli brings a significant background in financial management, personal finance and investments. He has a Ph.D. in finance from Northern Illinois University, a M.A., in economics, University of Waterloo, Canada and a B.A. in business economics from Kakatiya University, India.
The Allstate Foundation grant awarded to Arshanapalli will enable students and community members in Gary and the Northwest Indiana region to access financial services, including preparation and management, free of charge. A program to conduct economic empowerment is also on the agenda. Economic empowerment means enabling individuals and families to attain economic self-reliance and achieve financial security.
The programs will focus on financial and insurance education, economic literacy, entrepreneurial/small business skill development, and initiatives for women.
Founded in 1952, The Allstate Foundation is an independent corporation funded by contributions from Allstate Insurance Company. The Foundation works in concert with Allstate by aligning with the company's major focus areas: personal safety and security, neighborhood revitalization, and financial planning and education. Through a corporate committee and field office grant committees, The Foundation funds more than 1,000 programs each year.
"The Allstate Corporation believes in the financial potential of every individual and in helping America's families achieve their American Dream," says Marcia Ensley, Corporate Relations Manager Allstate. We are proud to present Indiana University Northwest Finance Center with a $15,000 Allstate Foundation grant so that they can continue their work in the community."
For over seven decades, Allstate has built its reputation by promising to be there when its customers needed help protecting their lives, their family and their property. The corporation feels responsible to go beyond the promise by giving back to the communities. Allstate fulfills that promise through agent and employee volunteerism and by funding non-profit organizations that support our Foundation focus areas.
For more information on the Financial Planning and Education Center, contact Dawn Kesic, Director of the IU Northwest Center for Management Development and Assistant Director of the Center, at (219) 981-4258.
For additional information on the Allstate Foundation, please visit: