Total 2015 Giving Will Be $3.6 Million

/EINPresswire.com/ -- NEWPORT BEACH, CA -- (Marketwired) -- 12/04/15 -- 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        Los Angeles, CA
Angeles
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)

Legal Disclaimer:

EIN Presswire provides this news content "as is" without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.