SOURCE: PIMCO Foundation

PIMCO Foundation

July 19, 2013 11:30 ET

The PIMCO Foundation Holds 5th Annual Global Week of Volunteering

More Than 900 Employees Volunteer to Give Back to Their Communities

NEWPORT BEACH, CA--(Marketwired - Jul 19, 2013) - The PIMCO Foundation will hold its fifth annual Global Week of Volunteering from July 21 to July 27. To date, more than 900 PIMCO employees have signed up for 76 diverse, community-based projects around the world. The week is part of the year-round Volunteer Initiative under The PIMCO Foundation whose mission is to empower people globally to reach their full potential. The Foundation's website can be accessed directly at www.pimco.com/pimcofoundation and its twitter feed is @pimcofoundation.

Many PIMCO employees volunteer year-round in their communities, directly and through organized events. The annual PIMCO's Global Week of Volunteering adds to this by bringing together company employees, along with their families and friends, as a global volunteer team. This year, volunteers in 13 PIMCO offices around the world will hold events.

"During this special week, PIMCO employees around the world come together to volunteer even more time and financial resources to support the communities in which we work and live," said Mohamed A. El-Erian, PIMCO's Chief Executive Officer and Co-Chief Investment Officer, as well as President of The PIMCO Foundation. "The initiatives of the PIMCO Foundation are a core part of our firm's culture and values, and we are privileged to partner with many 'not for profit' and community groups around the world, not just during this Global Week of Volunteering but also throughout the year."

Global Week of Volunteering activities include:

Hong Kong -- reading to children with HOPE Worldwide, an international organization that delivers sustainable, high-impact services to the poor and needy.

Munich -- volunteers will work with Münchner Tafel, a soup kitchen for the homeless, to distribute food to about 200 individuals.

Newport Beach -- presenting an interview skills workshop to interns at Taller San Jose's Office Careers Academy; hosting a carnival and mini-mentoring event with children from the Boys & Girls Club of Santa Ana; painting at Thomas House Shelter, a temporary shelter for homeless families with children.

New York -- conducting a professional development workshop for Partnership for the Homeless seniors; packing and delivering 300 lunches to the homeless in Battery Park with Bridges Outreach, Inc.; revitalizing a playground with QSAC, an organization which provides education, residential, therapeutic and family support.

Singapore -- taking children to the S.E.A. Aquarium from MINDS, an organization that advances the development, well-being and aspirations of persons with intellectual disabilities.

Sydney -- cooking and serving a BBQ lunch for patrons of Rough Edges, an organization that works with individuals facing homelessness, mental illness and addiction.

Tokyo -- cleaning up the Minato-ward in the Roppongi areas.

Toronto -- refurbishing a rooftop garden and organizing donated clothes at Covenant House, Canada's largest homeless youth agency.

London -- engaging NGOs across Westminster in a project management workshop, specifically intended for the NGO leaders.

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. The PIMCO Foundation was founded in 2001 and launched its volunteer program in 2007. In 2011, firm established The PIMCO Foundation Europe.

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.

Contact Information

  • Contact:
    Mark Porterfield
    PIMCO
    Media Relations
    949-720-6397