NEWPORT BEACH, CA--(Marketwire - Nov 16, 2011) - The PIMCO Foundation, the charitable arm of the Newport Beach-based money management firm PIMCO, announced today that it has awarded nearly $1.1 million in 2011 grants to a variety of U.S. charities.
"PIMCO is committed to giving back to our communities and helping those less fortunate than ourselves. To this end, we are delighted to support excellent programs that make a difference and reflect our values," said Mohamed A. El-Erian, President of The PIMCO Foundation. "The PIMCO Foundation is very pleased to be providing these outstanding organizations with support to help them improve the quality of life of many in our communities."
The 2011 grants were awarded across multiple priority areas.
America On Track
Boys and Girls Clubs of the Harbor Area
Canyon Acres Children and Family Services
Child Guidance Center
Fresh Start Surgical Gifts
Harlem Children's Zone
Kinship Center Orange County
LeRoy Haynes Center
Make A Wish Foundation Colorado
Miracles for Kids
The Wooden Floor
Canine Companions for Independence
Free Wheelchair Mission
Junior Blind of America
National MS Society Pacific South Coast Chapter
Special Olympics of Orange County
Agano with Kenya
Hispanic Scholarship Fund
Project HOPE School Foundation
Student Sponsor Partners
Microlending and Microfinance: $120,000
Family Services Center
Foundation for Women
Ocean Conservation: $50,000
Orange County Coastkeeper
Senior Citizen: $105,000
Alzheimer's Family Services Center
Laguna Beach Seniors
Los Angeles Regional Food Bank
Shanti Orange County
Breast Cancer Solutions
Global AIDS Interfaith Alliance
Grandma's House of Hope
Laguna Beach Community Clinic
Mariposa Women and Family Center
Venice Family Clinic
Other programs: $25,000
The PIMCO Foundation also announced that their window for accepting 2012 grant applications will open on May 15th and will close on July 16th, 2012. The PIMCO Foundation accepts grant applications nationally for U.S.-based nonprofit organizations. Grant applications for 2012 will be available in April of 2012 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 $12 million in grants to charities and community organizations around the world.
PIMCO is a global investment management firm that was founded in Southern California in 1971. The firm serves an array of clients and manages retirement and other assets that reach more than 8 million people in the U.S. and millions more around the world. Our clients include state, municipal, union and private sector pension and retirement plans, educational, foundations, endowments, philanthropic and healthcare institutions, individual and investment saving accounts, public sector reserve management and other public entities in North and South America, Europe, the Middle East and Asia.
PIMCO has more than 1,800 employees. In addition to its headquarters in Newport Beach, California, the firm has offices in Amsterdam, Hong Kong, London, Munich, New York City, Singapore, Sydney, Tokyo, Toronto and Zurich.
PIMCO is owned by Allianz S.E., a 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 statement.