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Rating:PIMCO Gets Into the Season of Giving Not Rated 3.0 Email Routing List Email & Route  Print Print
Monday, November 05, 2007

PIMCO Gets Into the Season of Giving

News summary by MFWire's editors

The PIMCO Foundation has awarded over $1.1 million in 2007 grants to 68 charities and community organizations, as well as another $200,000 in gifts outside of the grants program.


The PIMCO Foundation, the charitable arm of the Newport Beach-based fixed income management firm PIMCO, today announced it has awarded over $1.1 million in 2007 grants to 68 charities and community organizations, as well as another $200,000 in gifts outside of the grants program.

"The PIMCO Foundation is very pleased to be providing these outstanding organizations with grants to help them improve the quality of life in our communities," said William Thompson, President of The PIMCO Foundation. "PIMCO's core values stress community involvement and the Foundation is just one way we give back."

With nearly 120 applicants, grants ranged from $3,000 to $50,000. The 2007 grants were awarded across 7 priority areas. The 2007 grant recipients were:

Children's issues: $ 317,372

Big Brothers Big Sisters of Orange County
Blind Children's Learning Center
Boys and Girls Club of Santa Ana
Canyon Acres Children and Family Services
CASA of Orange County
Child Abuse Prevention Foundation
Child SHARE Program
Drug Use is Life Abuse
Eli Home, Inc.
Environmental Nature Center
Future Leaders Institute Charter School
Gillian Sabet Memorial Foundation
Girls and Boys Town of Southern California
Girls Incorporated of Orange County
Juvenile Diabetes Research Foundation
Laurel's House
MADD Orange County
Mission Hospital Regional Medical Center
Someone Cares Soup Kitchen
South Coast Repertory
YMCA of Orange County

Disability issues: $ 108,375

Bethune Theatredanse
Disability Awareness Foundation
Goodwill Industries of Orange County
Helping Our Mentally Ill Experience Success
Inland/Orange County Recording for the Blind and Dyslexic
Integrated Rehabilitation Therapies, Inc.
Oralingua School for the Hearing Impaired
Providence Speech and Hearing Center
St. Margaret's Episcopal School - Special Camp for Special Kids
Education: $ 72,880

College Bound - Dollars for Achievers
Freedom Writer's Foundation
Hispanic Scholarship Fund
Family issues: $ 30,000

Center for Hope and Healing
Housing with Heart

Global Microlending and Microfinance: $ 135,000

Accion International
Accion New York
Center for the Development of Social Finance
Kiva Microfunds
Pro Mujer

Senior Citizen issues: $ 130,000

American Red Cross
Council on Aging - Orange County
Irvine Adult Day Health Services, Inc.
Sally's Fund
Second Harvest Food Bank of Orange County
South Coast Medical Center Foundation
South County Senior Services, Inc.
Volunteer Center or Orange County

Women's issues: $ 295,200

Bethany Sisters of St. Joseph of Orange
Breast Cancer Survivors
Casa Teresa
Hoag Hospital Chemical Dependency Center
Human Options
Interval House
John Wayne Cancer Institute at St. John's Health Center
Laura's House
Maternal Outreach Management System (MOMS)
Mercy House
Neighborhood Defender Service of Harlem
Orange Coast Interfaith Shelter
Technoserve
The Wellness Community - Orange County
Toby's House Maternity Home
Women Helping Women

Other programs: $ 62,000
211 Orange County
Families Forward
Newport/Mesa Proliteracy
Project Dignity

PIMCO Foundation Excellence Awards
In addition, outside of the grants program, three organizations received surprise PIMCO Foundation Excellence Awards during 2007.

Acacia Adult Day Services: $50,000
Achievement Institute of Scientific Studies (AISS): $50,000
Orange County Advocacy, Respect and Commitment (ARC): $100,000

The PIMCO Foundation also announced that their window for accepting grant applications for next year will open on May 15th and will close on July 15th. In addition, starting next year, the Foundation will solicit grant applications from qualified organizations outside of Orange County. Grant applications for 2008 will be available starting April 2008 at www.pimco.com.

The PIMCO Foundation was established in 2000. Together with PIMCO, the Foundation has contributed donations totaling over $3 million to hundreds of nonprofits in the United States over the past 6 years.

About PIMCO

With more than $721 billion in fixed-income assets under management (as of 09/30/07), PIMCO is one of the world's leading fixed-income fund-management companies and is headquartered in Newport Beach, California, with offices in New York City, Amsterdam, London, Munich, Tokyo, Toronto, Singapore, Hong Kong and Sydney. Founded in 1971, the company is majority owned by Munich-based Allianz Group, a leading global insurance company with nearly $1 trillion in assets and represented in 70 countries around the globe.  

Edited by: Erin Kello


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