Press Release

The PIMCO Foundation Awards $250,000 Grant to Feeding America

02/12/2020

The Grant Will Support Food Banks Throughout the United States

Newport Beach, California (December 2, 2020) -- The PIMCO Foundation has issued a $250,000 grant to Feeding America®. The grant will help the charity provide food to people affected by increased levels of hunger and food insecurity due to COVID-19 in the United States.

These funds will support immediate food distribution across various Southern US states, many of which are experiencing greater demand from individuals seeking hunger relief, particularly in communities of color which have been disproportionally impacted by the pandemic.

The grant, which supports the UN’s Sustainable Development Goal 2 - “Zero Hunger”, will also help Feeding America to strengthen their food-banking infrastructure across the country and increase distribution in underserved communities.

“COVID-19 has highlighted and exasperated societal inequities worldwide, disproportionately impacting the most vulnerable," said Emmanuel Roman, Chief Executive Officer of PIMCO and President of the PIMCO Foundation. “This grant supports some of the most affected communities in the United States, particularly communities of color, and ensures food gets to people who need it most.”

“Food banks across the country are experiencing an increase in demand due to the coronavirus pandemic. Feeding America continues to work closely with its members and partners to ensure that hunger relief continues during this crisis,” said Lauren Biedron, Vice President of Corporate Partnerships at Feeding America. “Partnering with the PIMCO Foundation will help build community partnerships and increase operational capacity - all critical components to creating lasting change in the communities we help serve.”

The PIMCO Foundation is also supporting the efforts of local community food banks in Orange County, Austin and New York. PIMCO is also a key partner of The Global Foodbanking Network which works to alleviate hunger internationally. The PIMCO Foundation has donated over $2.6 million in grants supporting food banks and community assistance programs around the world in 2020.