NEWPORT BEACH, CA--(Marketwired - Dec 4, 2015) - The PIMCO Foundation, the charitable arm of global investment management firm PIMCO, has awarded over $1.4 million in grants to 56 organizations serving some of the most at-risk populations.
"At PIMCO, we believe in supporting the more vulnerable segments within our local communities, and directing financial assistance and volunteers to assist others in need around the world," said Douglas Hodge, Chief Executive Officer of PIMCO and President of the PIMCO Foundation. "Since inception, the PIMCO Foundation has awarded nearly $22 million to our nonprofit partners that are focused on solving some of the world's most pressing issues. And this year is no different, as we continue to invest in organizations that are engaging in our local and global communities and empowering others to better their lives."
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 college-readiness.
In the Invest category, the Foundation seeks to support organizations that are focused on microenterprise and microfinance.
The 2015 grants were awarded to:
Engage:
| 211 Orange County | Santa Ana, CA | |
| AIDS Services Foundation OC | Irvine, CA | |
| America Needs You | New York, NY | |
| Bowery - Christian Herald Assn | New York, NY | |
| Bridges Outreach | Summit, NJ | |
| Casa Teresa | Orange, CA | |
| Colette's Children's Home | Huntington Beach, CA | |
| Friendship Shelter | Laguna Beach, CA | |
| Pathways of Hope | Fullerton, CA | |
| Giving Children Hope | Buena Park, CA | |
| Hot Bread Kitchen | New York, NY | |
| Human Options | Irvine, CA | |
| Illumination Foundation | Irvine, CA | |
| Interval House | Seal Beach, CA | |
| New Alternatives for Children | New York, NY | |
| New York Common Pantry | New York, NY | |
| Opportunities for A Better Tomorrow | Brooklyn, NY | |
| Orange County Food Access Coalition | Santa Ana, CA | |
| Per Scholas | Bronx, NY | |
| Project Dignity | Garden Grove, CA | |
| QSAC | New York, NY | |
| Second Harvest Food Bank of OC | Irvine, CA | |
| Serve the People | Santa Ana, CA | |
| Services for the UnderServed | New York, NY | |
| South County Outreach | Irvine, CA | |
| Taller San Jose | Santa Ana, CA | |
| The Doe Fund | New York, NY | |
| Upwardly Global | New York, NY | |
| Working Wardrobes | Costa Mesa, CA | |
| Year Up | New York, NY |
Empower:
| BELL Foundation Inc. | Dorchester, MA | |
| Blue Engine | Brooklyn, NY | |
| Boys and Girls Club of Santa Ana | Santa Ana, CA | |
| Harlem Children's Zone of NYC | New York, NY | |
| Harlem Educational Activities Fund | New York, NY | |
| Henry Street Settlement | New York, NY | |
| KidWorks | Santa Ana, CA | |
| Leadership Enterprise for a Diverse America | New York, NY | |
| Legal Outreach | Long Island City, NY | |
| Moneythink | Chicago, IL | |
| Network for Teaching Entrepreneurship Los Angeles | Los Angeles, CA | |
| New Heights Youth | New York, NY | |
| Orange County Community Housing Corp | Santa Ana, CA | |
| Reading Partners | New York, NY | |
| Room to Grow | New York, NY | |
| Sponsors for Educational Opportunity | New York, NY | |
| Student Sponsor Partners | New York, NY | |
| The Wooden Floor | Santa Ana, CA | |
| THINK Together | Santa Ana, CA | |
| Uaspire | Boston, MA |
Invest:
| Accion East | New York, NY | |
| BRAC USA | New York, NY | |
| Grameen America | New York, NY | |
| Mercado Global | Brooklyn, NY | |
| Opportunity Fund Northern California | San Jose, CA | |
| Pro Mujer | New York, NY | |
| Rising Tide Capital | Jersey City, NJ | |
| Sustainable Health Enterprises | New York, NY |
Grantees are invited to a PIMCO Foundation Grant Celebration Event -- in Newport Beach on December 1 and in New York on December 3 -- where they take part in an evening of networking with members of the PIMCO Foundation Board and staff, PIMCO employees, and other grant recipients. As a part of the Grant Celebration Event, two nonprofit organizations are highlighted each year as recipients of the Foundation's Leadership Circle Award. Through the Leadership Circle Award, the PIMCO Foundation seeks to honor and support organizations poised to drive social change and progress. Recipients of this award are organizations adept at growing their impact and demonstrating ingenuity, while maintaining their quality and increasing their results. The 2015 Leadership Circle Award recipients are The Wooden Floor, located in Santa Ana, California, and Per Scholas, located in New York City. Past recipients include Accion East and Illumination Foundation.
Other 2015 Giving Outside of the Grants Program, the PIMCO Foundation supports nonprofit organizations through a range of other initiatives. In 2015, 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 five 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.
In 2015, the PIMCO Foundation launched an Innovation Fund. This Fund seeks to support effective, innovative, and scaling organizations focused on nonprofit sustainability and capacity building initiatives. Various 2015 Innovation Fund recipients include Coro NY, which received a two-year $150,000 grant aimed at helping scale its Youth Leadership Academy (YLA); ACT Anaheim, a grant initiative launched by Disneyland Resort, Angels Baseball, and the Anaheim Ducks which addresses gaps in service for underserved youth; and Women Moving Millions, which helps catalyze unprecedented resources for the advancement of girls and women.
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 college readiness; and by investing in people through partnerships fostering economic development.
www.pimco.com/pimcofoundation @PIMCOFoundation
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: Mark Porterfield PIMCO - Media Relations 949-720-NEWS (6397)
