AIMCo Announces Official Launch of The AIMCo Foundation for Financial Education

EDMONTON, Oct. 24, 2018 /CNW/ - Alberta Investment Management Corporation (AIMCo) is proud to announce the launch of The AIMCo Foundation for Financial Education. An independent registered charitable organization focused on the improvement of financial literacy in Alberta, the AIMCo Foundation is an employee-led and funded initiative that aims to provide access to scholarships, grants, and volunteerism opportunities for AIMCo employees.

The AIMCo Foundation is the realization of a spirit of community investment that permeates the culture at AIMCo. Employees want to make a difference and have as much of an impact on our community as possible.  As a client-centric organization, AIMCo is committed to maintaining low costs for the 32 pension, endowment, and specialty fund clients on whose behalf we invest, and as such, funding for the Foundation is provided primarily through employee contributions, with only minimal corporate support for the operations of the organization. The AIMCo Foundation for Financial Education provides a platform for the organization to channel financial support and manpower toward a cause to which all of our employees are incredibly all passionate.

Upon its launch, the AIMCo Foundation will provide grants to not-for-profit, community-based programs offering financial literacy or empowerment education and services throughout Alberta, as well as post-secondary institutions offering formal education in finance. The grant application cycle will commence in January, within initiatives funded on a rolling-basis.

"The AIMCo Foundation is an initiative over a year in the making and we are very excited to finally be able to reach out to the community we will be supporting," states Kevin Uebelein, CEO at AIMCo and Chair of The AIMCo Foundation for Financial Education. "Everyone at AIMCo eagerly anticipates the opportunity to make an impact in an area so important to us, personally and professionally."

About Alberta Investment Management Corporation (AIMCo)

AIMCo is one of Canada's largest and most diversified institutional investment managers with more than CAD 103 billion of assets under management, as at December 31, 2017. AIMCo was established on January 1, 2008 with a mandate to provide superior long-term investment results for its clients. AIMCo operates at arms-length from the Government of Alberta and invests globally on behalf of 32 pension, endowment and government funds in the Province of Alberta. For more information please visit www.aimco.alberta.ca.

About AIMCo Foundation for Financial Education

The AIMCo Foundation for Financial Education provides scholarship funding to post-secondary institutions offering formal education in finance, and grants to not for profit organizations offering financial empowerment programs and services.

AIMCo Foundation for Financial Education Registered Charity #77374 3281 RR0001

For more information on the AIMCo Foundation, please visit www.aimcofoundation.ca.

SOURCE Alberta Investment Management Corporation