SOURCE: PIMCO

October 17, 2008 09:20 ET

The PIMCO Foundation Announces $1,350,000 in Grants to Support US Charities and Community Organizations

NEWPORT BEACH, CA--(Marketwire - October 17, 2008) - The PIMCO Foundation, the charitable arm of the Newport Beach-based money management firm PIMCO, today announced it has awarded over $1.35 million in 2008 grants to 53 US charities and community organizations.

"PIMCO's core values stress community involvement and the Foundation is just one way we give back," said William Thompson, President of The PIMCO Foundation. "The PIMCO Foundation is very pleased to be providing these outstanding organizations with grants to help them improve the quality of life in communities around the world."

With nearly 200 applicants, grants ranged from $5,000 to $35,000. The 2008 grants were awarded across multiple priority areas around the United States. The 2008 grant recipients were:

Children's issues: $ 330,000
     Achievement Institute of Scientific Studies (AISS)
     Big Brothers Big Sisters
     Blind Children's Learning Center
     CASA of Orange County
     Center for Hope and Healing
     Child Abuse Prevention Foundation
     Children's Bureau
     Drug Use is Life Abuse
     Girls Incorporated
     Joyful Children's Foundation
     Juma Ventures
     Olive Crest Treatment Centers, Inc.
     Oralingua School for the Hearing Impaired
     Project HOPE School Foundation
     Safe Space NYC, Inc.

Disability issues: $ 80,238
     DisAbility Awareness Foundation, Inc.
     Fresh Start Surgical Gifts
     Goodwill Industries
     Helping our Mentally Ill Experience Success
     Inland Empire/Orange County Unit Recording for the Blind and Dyslexic
     Integrated Rehabilitation Therapies, Inc.

Education: $ 79,375
     College Bound - Dollars for Achievers
     Future Leaders Institute Charter School
     Hispanic Scholarship Fund
     Tustin Public Schools Foundation

Global Microlending and Microfinance: $ 130,000
     Accion International
     Accion New York
     Pro Mujer
     TechnoServe

Ocean Conservation: $55,000
     Aquarium of the Pacific
     Ocean Institute
     San Diego Coastkeeper

Senior Citizen issues: $ 115,000
     Alzheimer's Association
     Irvine Adult Day Health Services, Inc.
     Jewish Family Service
     The Volunteer Center of Greater Orange County

Women's issues: $ 283,000
     Bethany Sisters of St. Joseph of Orange
     Breast Cancer Survivors
     Business Council for Peace
     Eli Home, Inc.
     Families Forward
     Hoag Hospital Chemical Dependency Center
     Human Options
     Interval House
     Mariposa Women and Family Center
     Maternal Outreach Management System (MOMS)
     Mercy House
     Nurse-Family Partnership
     Orange Coast Interfaith Shelter

Other programs: $ 80,000
     211 Orange County
     Project Dignity
     Connection House of California, Inc.
     Someone Cares Soup Kitchen

PIMCO Foundation Excellence Awards

In addition, outside of the grants program, three organizations received surprise PIMCO Foundation Excellence Awards during 2008. This year's awards focused on recognizing outstanding volunteers in fundraising. Grants were made to the following organizations on behalf of the award recipients.

       Ray and Judy Brandt:
          Juvenile Diabetes Research Foundation: $50,000
          Working Wardrobes: $50,000

       Bobbitt Williams:
          American Cancer Society: $100,000

The PIMCO Foundation also announced that their window for accepting grant applications for next year will open on May 15th and will close on July 15th. The PIMCO Foundation accepts grants nationally for US-based nonprofit organizations. Grant applications for 2009 will be available starting April 2008 at www.pimco.com.

The PIMCO Foundation is committed to making our communities better, stronger and healthier places to live, learn and work by investing in organizations that empower people globally to reach the long term goal of living sustainable, rewarding and responsible lives. Since its founding in 2001, The PIMCO Foundation has awarded nearly $5 million in grants to charities and community organizations throughout California and the US.

About PIMCO

With more than $830 billion in fixed-income assets under management (as of 06/30/08), PIMCO is one of the world's leading money management companies and is headquartered in Newport Beach California, with offices in New York City, Amsterdam, London, Munich, Zurich, Tokyo, Toronto, Singapore, Hong Kong and Sydney. Founded in 1971, the company is majority owned by Munich-based Allianz Group, a leading global insurance company with nearly $1 trillion in assets and represented in 70 countries around the globe.

Contact Information

  • Contact:
    The PIMCO Foundation
    Mark Porterfield
    949-723-GIVE
    www.pimco.com