Press Release

The PIMCO Foundation Announces $1.1 million of Grants Total 2014 Giving Will Be $3.3 million

 

Newport Beach, California (November 26, 2014) -- The PIMCO Foundation, the charitable arm of global investment management firm PIMCO, has awarded over $1.1 million in grants to 26 organizations serving some of the most vulnerable and at-risk populations.

“At PIMCO, we believe in the power of corporate philanthropy and corporate citizenship to effect positive, long-term change in our communities,” said Douglas Hodge, Chief Executive Officer of PIMCO and President of the PIMCO Foundation. “Each year, through the PIMCO Foundation’s Grants Program, we support nonprofit organizations working to solve some of the world’s most challenging issues. Again this year, we are honored to work alongside our partners, both locally and globally, to make a meaningful difference while striving for maximum impact.”

The Grants Program aligns with the PIMCO Foundation’s mission to Engage, Empower and Invest in individuals and communities across the globe.

In the Engage category, the Foundation seeks to support organizations that are addressing economic instability in Orange County and the New York Metro Area.

Specifically, the community indicators the Foundation focused on were:

  • Workforce development
  • Homelessness and housing instability
  • Food security

In the Empower category, the Foundation seeks to support organizations that are focused on financial literacy or college-readiness.

In the Invest category, the Foundation seeks to support organizations that are focused on microenterprise and microfinance in developing countries.

The 2014 grants were awarded to:

Engage:
211 Orange County
Santa Ana, CA
AIDS Services Foundation
Irvine, CA
Bridges Outreach
Summit, NJ
Human Options
Irvine, CA
Illumination Foundation
Irvine, CA
New York Common Pantry
New York, NY
Partnership for the Homeless
New York, NY
Per Scholas
Bronx, NY
Project Dignity
Garden Grove, CA
Serve the People
Santa Ana, CA
Services for the UnderServed
New York, NY
Taller San Jose
Santa Ana, CA
Year Up
New York, NY

Empower:
Accion East
New York, NY
Boys & Girls Club of Santa Ana
Santa Ana, CA
Grameen America
New York, NY
Moneythink
Los Angeles, CA
Network for Teaching Entrepreneurship (NFTE) LA & NY
Los Angeles, CA
New Heights Youth
New York, NY
Sponsors for Educational Opportunity (SEO)
New York, NY
The Wooden Floor
Santa Ana, CA
THINK Together
Santa Ana, CA
Working in Support of Education (WISE)
New York, NY

Invest:
Mercado Global
Brooklyn, NY
Nonprofit Enterprise Self-sustainability Team (NESsT)
El Cerrito, CA
Trickle Up
New York, NY

Grantees are invited to a PIMCO Foundation Grant Celebration Event – in New York on December 2 and in Newport Beach on December 11– where they take part in an evening of networking with members of the PIMCO Foundation Board, staff, PIMCO employees, and other grant recipients.

Other 2014 Giving
Outside of the Grants Program, the PIMCO Foundation supports nonprofit organizations through a range of other initiatives. In 2014, the Foundation committed over $2 million in support of nonprofit organizations through its Community Support Sponsorship, Volunteer and Disaster Assistance Programs, and also an Employee Match Program which offers employees the chance to double their donations to nonprofit organizations.

Now in year four of a six-year, $3.2 million commitment, the Foundation also maintains an ongoing strategic partnership with global NGO TechnoServe. Included in this partnership is the Emerging Enterprise Program, an international volunteer assignment where PIMCO employees can spend up to nine weeks in countries such as El Salvador, Nicaragua, and Peru, working alongside TechnoServe and local entrepreneurs, helping build and scale their businesses.

Media Contacts

Michael Reid
Global Head of Corporate Communications – New York
212.739.3253
michael.reid@pimco.com

Agnes Crane
U.S. Corporate Communications – New York
212.739.4212
agnes.crane@pimco.com

Jennifer Spivey
U.S. Corporate Communications – Newport Beach
949.720.6374
jennifer.spivey@pimco.com

Jochen Haegele
EMEA Corporate Communications – Munich
+49.89.26209.6237
jochen.haegele@pimco.com

Laura Batty
U.K. and EMEA Corporate Communications – London
+44.20.3640.1414
laura.batty@pimco.com

Millie Dravers
Australia Corporate Communications – Sydney
+612.9290.9577
millie.dravers@pimco.com

Donna Chan
Asia ex-Japan Corporate Communications – Hong Kong
+852 3650 7752
donna.chan@pimco.com

Disclosures

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.

www.pimco.com/pimcofoundation
@pimcofoundation