|By Marketwired .||
|July 22, 2014 05:39 PM EDT||
NEWPORT BEACH, CA--(Marketwired - July 22, 2014) - The PIMCO Foundation, PIMCO's charitable arm, began its sixth annual Global Week of Volunteering this week.
More than 900 PIMCO employees will participate in more than 100 diverse, community-based projects around the world. The effort is part of the year-round global Volunteer Initiative spearheaded by the PIMCO Foundation, which was established in 2001 to support nonprofit organizations operating within the firm's communities.
Many PIMCO employees volunteer year-round, directly and through organized events. The annual Global Week of Volunteering and other PIMCO Foundation sponsored events aim to bring together company employees, their families and friends to help empower some of the world's most vulnerable populations to reach their full potential. This year, all PIMCO offices around the world will hold events.
"PIMCO and its employees believe in giving back to their communities," said Doug Hodge, PIMCO's Chief Executive Officer and President of the PIMCO Foundation. "By working with local organizations, the PIMCO Foundation is committed to improving lives, communities and culture by empowering those in need."
For more information about the PIMCO Foundation, visit our website at www.pimco.com/pimcofoundation, or follow us on Twitter @pimcofoundation.
Global Week of Volunteering activities include:
Hong Kong - preparing hot meals at Food Angel, and distributing the meals to a few of Food Angel's recipient agencies
London - helping to deliver an IT class for unemployed adults seeking to get back into the workforce
Munich - renovating Munich's largest animal shelter and sanctuary
Newport Beach - presenting an interview skills workshop to military veterans at Working Wardrobe's VetNet program; painting a mural designed by a former patient at Children's Hospital of Orange County (CHOC); serving lunch to the homeless at Someone Cares Soup Kitchen
New York - sorting children's books for pediatric waiting rooms through Reach Out and Read; facilitating a financial literacy workshop for students from Harlem Children's Zone; packing and delivering 300 lunches to the homeless in Battery Park with Bridges Outreach, Inc.
Sydney - removing litter and debris around the foreshore of Sydney Harbor
Tokyo - cleaning up the Minato-ward in Kamiyacho
Toronto - preparing and serving lunch to homeless youth at Covenant House, Canada's largest homeless youth agency.
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 PIMCO Foundation was founded in 2001 and launched its volunteer program in 2007. In 2011, the firm established the PIMCO Foundation Europe.
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.
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