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Newport Beach, California (November 19, 2013) -- The PIMCO Foundation, the charitable arm of global investment management firm PIMCO, has awarded $1.4 million in grants to more than 30 organizations serving some of the most vulnerable and at-risk populations in the U.S and throughout the world.
The Grants Program aligns with the PIMCO Foundation’s mission to Engage, Empower and Invest in individuals and communities across the globe. PIMCO is based in Newport Beach, California. The Foundation’s website can be accessed directly at www.pimco.com/pimcofoundation and its twitter feed is @pimcofoundation.
In the Engage category, the Foundation sought to support organizations that are addressing economic instability in Orange County and the New York Metro Area.
Specifically, the critical community indicators the Foundation focused on were:
In the Empower category, the Foundation sought to support organizations that are focused on financial literacy or college-readiness.
In the Invest category, the Foundation sought to support organizations that are focused on microenterprise and microfinance in developing countries.
The 2013 grants were awarded to:
Grantees were recently invited to a PIMCO Foundation Grants Celebration Event – in Newport Beach on November 19 and in New York on November 25.
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.
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.
* Effective March 31, 2012, PIMCO began reporting the assets managed on behalf of its parent’s affiliated companies as part of its assets under management.
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No part of this material may be reproduced in any form, or referred to in any other publication, without express written permission. Pacific Investment Management Company LLC, 650 Newport Center Drive, Newport Beach, CA 92660, 800-387-4626. ©2015, PIMCO.
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