Newport Beach, California (November 29, 2012) – On Saturday, December 1, more than 600 PIMCO employee volunteers, friends and family members will gather at the firm’s Newport Beach headquarters to pack 10,000 boxes with a holiday meal for needy families in Southern California.
The annual
Share the Harvest is an event sponsored by The PIMCO Foundation, PIMCO’s charitable giving and employee volunteer program. It’s the fifth time PIMCO has held
Share the Harvest in Newport Beach. All 10,000 boxes of food packed by PIMCO volunteers will be donated to the Orange County Food Bank and its many member agencies. The Foundation’s website can be accessed directly at
www.pimco.com/pimcofoundation and its twitter feed is @pimcofoundation.
This follows a similar event in New York where 170 PIMCO volunteers packed 2,500 food boxes. The boxes were distributed to City Harvest.
"The Share the Harvest event is an important and wonderful annual tradition for us, both in our Newport Beach and New York offices. Each year the number of PIMCO volunteers and financial donations grows, as does the beneficial impact on our local communities that we care a lot about," said Mohamed A. El-Erian, Chief Executive Officer and Co-Chief Investment Officer of PIMCO and President of The PIMCO Foundation.
Mr. El-Erian added: "In helping those that are less privileged than us, we are delighted to partner with the OC Food Bank. We attach enormous importance to our partnership, especially at a time when our community is experiencing an increase in the number of families and individuals falling on hard times."
“PIMCO has responded boldly to the growing needs of the community by more than doubling the number of people who will be helped by their holiday-time Share the Harvest campaign. Ten thousand vulnerable families will receive the gift of food this season, thanks to the leadership and generosity of PIMCO, their employees and the PIMCO Foundation,” said Mark Lowry, Director of the OC Food Bank.
“New York City is also experiencing record numbers of people visiting emergency food programs and City Harvest is very appreciative of the PIMCO partnership to support our mission,” said Robyn Stein, Director of Corporate Partnerships. “Through the strength and commitment of PIMCO’s volunteers, donation and foundation, City Harvest was able to distribute pantry boxes to help feed 2,500 families – at a time when hungry men, women and children across the five boroughs are looking for help to put food on their tables.”
About The PIMCO Foundation
The PIMCO Foundation is the charitable arm of PIMCO, based in Newport Beach, California, which helps people around the world to reach their full potential by engaging, empowering and investing in communities. It carries out its mission by identifying areas of urgent community need and volunteering time and financial resources to support high impact projects and programs; through education with a focus on financial literacy and college readiness; and by investing in people through partnerships fostering economic development. The PIMCO Foundation was founded in 2001 and launched its volunteer program in 2007. In 2011, the firm established the PIMCO Foundation Europe as well as a charitable giving program in Australia. Last year, the PIMCO Foundation funded 125 organizations and more than 900 PIMCO employees volunteered their time in support of 100 non-profit organizations.
About the OC Food Bank
The OC Food Bank is a program of the Community Action Partnership of Orange County, a private charity that offers comprehensive services benefiting vulnerable Orange County residents.
About City HarvestNow serving New York City for 30 years, City Harvest (
www.CityHarvest.org) is the world's first food rescue organization, dedicated to feeding the city’s hungry men, women, and children. This year, City Harvest will collect more than 42 million pounds of excess food from all segments of the food industry, including restaurants, grocers, corporate cafeterias, manufacturers, and farms. This food is then delivered free of charge to some 600 community food programs throughout New York City by a fleet of trucks and bikes. City Harvest helps feed the more than one million New Yorkers that face hunger each year.
About PIMCO PIMCO is a leading global investment management firm, with offices in 11 countries throughout North America, Europe and Asia. Founded in 1971, PIMCO offers a wide range of innovative solutions to help millions of investors worldwide meet their needs. Our goal is to provide attractive returns while maintaining a strong culture of risk management and long-term discipline. PIMCO is owned by Allianz S.E., a leading global diversified financial services provider.
Except for the historical information and discussions contained herein, statements contained in this news release constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements may involve a number of risks, uncertainties and other factors that could cause actual results to differ materially, including the performance of financial markets, the investment performance of PIMCO's sponsored investment products and separately managed accounts, general economic conditions, future acquisitions, competitive conditions and government regulations, including changes in tax laws. Readers should carefully consider such factors. Further, such forward-looking statements speak only on the date at which such statements are made. PIMCO undertakes no obligation to update any forward-looking statements to reflect events or circumstances after the date of such statements.