NEWPORT BEACH, CA--(Marketwired - Dec 6, 2016) - On Saturday December 3rd, 650 PIMCO employee volunteers, friends and family members gathered at the OC Fair & Event Center in Costa Mesa to pack 12,000 holiday meals in boxes for needy families in Southern California.
The PIMCO Foundation, PIMCO's philanthropic arm, sponsored the 9th Annual Share the Harvest event in Newport Beach. All 12,000 boxes will be donated to the Orange County Food Bank and its many member agencies.
This event follows a similar one in New York City where 230 PIMCO volunteers packed 10,152 meals for Stop Hunger Now, 1,000 lunches for Bridges Outreach, 500 grocery bags for New York Common Pantry (NYCP), and 1,000 "blessing bags" for The Bowery Mission.
"Thanks to PIMCO's Share the Harvest, NYCP was able to provide 500 families with a large part of the food they needed to celebrate Thanksgiving. It meant a huge amount to us to know how many individuals at PIMCO were involved in making this happen, and getting to see them going into action to pack the food was a special pleasure," said Neill Bogan, Senior Director of Development and Communications at NYCP.
Mark Lowry, Director of the OC Food Bank, said, "Corporate responsibility means different things to different people. For 12,000 vulnerable families who will receive Share the Harvest food boxes this holiday season, it means that PIMCO and its employees care enough about their wellbeing to provide them the opportunity to enjoy proper holiday meals and a season worthy of celebration."
"We are delighted to partner with Bridges, New York Common Pantry, Stop Hunger Now, and The Bowery Mission in New York, and with the OC Food Bank in Orange County," said Emmanuel Roman, Chief Executive Officer of PIMCO. "These organizations are supporting the most vulnerable in our communities. Through Share the Harvest, we can do our part to get involved, give back, and make an impact."
Since inception, PIMCO's Share the Harvest event has provided meals for 357,500 individuals in Orange County and New York City.
The OC Fair & Event Center is a supporting partner in Share the Harvest.
About the PIMCO Foundation
The PIMCO Foundation is the philanthropic 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 Foundation's website can be accessed directly at www.pimco.com/pimcofoundation and on social media @PIMCOFoundation.
About Bridges Outreach
Bridges connects the housed and homeless to establish relationships that lead to greater acceptance and understanding, social and economic growth, and wellbeing. Come rain, sleet or snow, annually, the Bridges van is delivering over 65,000 meals and bringing critical resources directly to the homeless population in Manhattan.
About New York Common Pantry
New York Common Pantry (NYCP) works to reduce hunger and food insecurity using a whole-person approach. NYCP's Choice Pantry program focuses on nutrition as well as the dignity, allowing client's to select their groceries. For those battling homelessness, NYCP serves hot meals twice a day and offers employment resources. In 2016, 1,975,171 pounds of food was distributed between the Bronx, Brooklyn, Manhattan, and Queens, that served 70,007 individuals.
About Stop Hunger Now
Stop Hunger Now is an international nonprofit that packs meals for school children in the developing world. Driven by the vision of a world without hunger, the organization's mission is to end hunger in our lifetime by providing food and life-changing aid to the world's most vulnerable and creating a global commitment to mobilize the necessary resources. Annually, Stop Hunger Now packs over 50,000,000 bags of rice that serve 37 countries.
About The Bowery Mission
The Bowery Mission has been providing compassionate care and life transformations for New York's homeless since 1879. Serving more than just three meals daily, The Bowery Mission invites their clients to receive food, shelter and services enabling them to recover their lives. Last year, The Bowery Mission provided more than 406,000 meals, 91,500 nights of shelter, 276 crisis intervention referrals and 44,100 articles of clothing.
About the OC Food Bank
The Orange County Food Bank is a program of the Community Action Partnership of Orange County, a private non-profit charity dedicated to helping people and changing lives. Over 20 million pounds of food each year is distributed to nearly 400 nonprofit agencies throughout the county including soup kitchens, churches, shelters, and social service agencies. The Orange County Food Bank helps feed 150,000 people each month, including providing direct assistance to 23,000 vulnerable seniors each month.
PIMCO is a leading global investment management firm, with offices in 12 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.