NEWPORT BEACH, CA--(Marketwired - Dec 11, 2015) - This Saturday 700 PIMCO employee volunteers, friends and family members will gather at the OC Fair & Event Center in Costa Mesa to pack 16,000 holiday meals in boxes for needy families in Southern California.
The PIMCO Foundation, PIMCO's charitable giving and employee volunteer program, is sponsoring the 8 th annual Share the Harvest event in Newport Beach. All 16,000 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 250 PIMCO volunteers packed 2,500 holiday meal boxes for the Food Bank For New York City.
Margarette Purvis, President and CEO of Food Bank For New York City, said: "Food Bank For New York City is grateful for dedicated partners like PIMCO. Their commitment to helping others shined through at their Share the Harvest event and Food Bank was honored to take part. We're equally thankful that PIMCO volunteers embraced our Food Bank 2 Go onsite service program and spent their Saturday packing 2,500 boxes of food. Their gift of service will help to provide 22,500 meals for our struggling neighbors in New York City. PIMCO's support makes a difference in the lives of countless New Yorkers."
Mark Lowry, Director of the OC Food Bank, said: "Among our most cherished memories are holiday meals shared together as a family. Equally impressionable and lasting is the memory of a parent's inability to provide that experience for their children, The PIMCO family is providing 16,000 other families an opportunity to build positive memories this holiday season. That is a great R.O.I.!"
"We are delighted to partner again with the Food Bank For New York City and the OC Food Bank," said Douglas Hodge, Chief Executive Officer of PIMCO and President of the PIMCO Foundation. "These organizations are doing important work in our local communities and Share the Harvest offers our PIMCO volunteers the opportunity to give back and do our part in serving those in need."
Since inception, PIMCO's Share the Harvest event has provided meals for 308,000 individuals in Orange County and New York City.
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 Foundation's website can be accessed directly at www.pimco.com/pimcofoundation and its twitter feed is @PIMCOFoundation.
About Food Bank For New York City Food Bank For New York City has been the city's major hunger-relief organization working to end hunger throughout the five boroughs for more than 30 years. Nearly one in five New Yorkers relies on Food Bank for food and other resources. Food Bank takes a strategic, multifaceted approach that provides meals and builds capacity in the neediest communities, while raising awareness and engagement among all New Yorkers. Through its network of more than 1,000 charities and schools citywide, Food Bank provides food for more than 64 million free meals for New Yorkers in need. Food Bank For New York City's income support services, including food stamps (also known as SNAP) and free tax assistance for the working poor, put more than $150 million each year into the pockets of New Yorkers, helping them to afford food and achieve greater dignity and independence. In addition, Food Bank's nutrition education programs and services empower more than 275,000 children, teens and adults to sustain a healthy diet on a low budget.
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 non-profit agencies throughout the county including soup kitchens, churches, shelters, and social service agencies. The Orange County Food Bank also provides direct services to more than 23,000 seniors and low-income families each month.
About PIMCO 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.
Contact: Mark Porterfield PIMCO - Media Relations 949-720-NEWS (6397)
