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MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
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Monday, November 5, 2007 PIMCO Gets Into the Season of Giving 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. Printed from: MFWire.com/story.asp?s=16350 Copyright 2007, InvestmentWires, Inc. All Rights Reserved |