News Feed Item

The PIMCO Foundation Announces $1.96 Million of Grants

Total 2016 Giving Will Be $4.1 Million

NEWPORT BEACH, CA -- (Marketwired) -- 12/01/16 -- The PIMCO Foundation, the philanthropic arm of global investment management firm PIMCO, has awarded more than $1.9 million in grants to 72 organizations serving some of the most at-risk populations.

"Through the PIMCO Foundation, our firm and our colleagues seek to make an enormous difference in our communities. We want to use our time, skills, and financial resources to create real social value," said Emmanuel Roman, Chief Executive Officer of PIMCO, and President of the PIMCO Foundation. "Since inception, the Foundation has awarded more than $29 million to our nonprofit partners -- organizations that are solving complex social problems around the world. And this year, we are once again inspired by our list of grantees and delighted to contribute to their missions and impact."

The Grants Program aligns with the PIMCO Foundation's mission to Engage, Empower and Invest in individuals and communities across the globe.

In the Critical Community Needs 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 Education category, the Foundation seeks to support organizations that are focused on early childhood education and/or college access.

In the Gender Equality and Economic Development category, the Foundation seeks to support organizations that promote gender equality and economic growth for women and girls around the world.

The 2016 grants were awarded to:

Critical Community Needs:

211 Orange County                                       Santa Ana, CA
Access California Services                              Anaheim, CA
AIDS Services Foundation Orange County                  Irvine, CA
America Needs You                                       New York, NY
The Bowery Mission                                      New York, NY
Bridges Outreach                                        Summit, NJ
Build Futures                                           Huntington Beach, CA
Casa Teresa                                             Orange, CA
Defy Ventures                                           New York, NY
Enterprise Community Partners                           New York, NY
Families Forward                                        Irvine, CA
Friendship Shelter                                      Laguna Beach, 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 York Common Pantry                                  New York, NY
Orange County Food Access Coalition                     Santa Ana, CA
Per Scholas                                             Bronx, NY
Project Dignity                                         Garden Grove, CA
QSAC                                                    New York, NY
Rescuing Leftover Cuisine                               New York, NY
Safe Horizon                                            New York, NY
Serve the People                                        Santa Ana, CA
South County Outreach                                   Irvine, CA
STRIVE                                                  New York, NY
Taller San Jose Hope Builders                           Santa Ana, CA
The Doe Fund                                            New York, NY
Thomas House Family Shelter                             Garden Grove, CA
University Settlement Society of New York               New York, NY
Upwardly Global                                         New York, NY
WHW                                                     Santa Ana, CA
Women In Need                                           New York, NY
Working Wardrobes                                       Costa Mesa, CA
Year Up                                                 New York, NY
Youth Employment Service                                Costa Mesa, CA


Big Brothers Big Sisters of Orange County and the       Tustin, CA
Inland Empire
Blue Engine                                             Brooklyn, NY
Boys & Girls Clubs of Central Orange Coast              Santa Ana, CA
Figure Skating in Harlem                                New York, NY
Girls Inc. of Orange County                             Costa Mesa, CA
Girls Write Now                                         New York, NY
Harlem Children's Zone of NYC                           New York, NY
Henry Street Settlement                                 New York, NY
KidWorks                                                Santa Ana, CA
Leadership Enterprise for a Diverse America             New York, NY
Moneythink                                              Chicago, IL
Network for Teaching Entrepreneurship Los Angeles       Los Angeles, CA
New Heights Youth                                       New York, NY
New York City Mission Society                           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 Literacy Project                                    Corona del Mar, CA
The Wooden Floor                                        Santa Ana, CA
THINK Together                                          Santa Ana, CA

Gender Equality and Economic Development:

Accion East                                             New York, NY
Business Council for Peace                              New York, NY
BRAC USA                                                New York, NY
Callisto                                                New York, NY
Global AIDS Interfaith Alliance                         Larkspur, CA
Grameen America                                         New York, NY
Mercado Global                                          Brooklyn, NY
Plan International USA                                  Washington, DC
Rising Tide Capital                                     Jersey City, NJ
SHE-CAN                                                 San Rafael, CA
Sustainable Health Enterprises                          New York, NY
Thistle Farms                                           Nashville, TN
Trickle Up                                              New York, NY

Grantees are invited to a PIMCO Foundation Celebration of Partnership -- in New York on November 29 and in Newport Beach on December 1 -- 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 Celebration of Partnership, 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 2016 Leadership Circle Award recipients are the Boys & Girls Clubs of Central Orange Coast, located in Santa Ana, California, and Mercado Global, located in New York City. Past recipients include Accion East, Illumination Foundation, Per Scholas, and The Wooden Floor.

Other 2016 Giving
Outside of the Grants Program, the PIMCO Foundation supports nonprofit organizations through a range of other initiatives. In 2016, 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 six 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 2016, the PIMCO Foundation sent three employees to Ghana as part of the Global Health Corporate Champions (GHCC) program. The GHCC brought together eight professionals from PIMCO, The Dow Chemical Company, and PricewaterhouseCoopers for a one-month service immersion program in Accra. The projects focused on addressing clean water, food and nutrition security, and health system strengthening -- all key public health issues in underserved communities. The GHCC is an activity of the USAID Global Health Fellows Program II (GHFP-II), which is executed by the Public Health Institute and implemented by PYXERA Global, and addresses immediate and emerging human capital needs in the global health sphere.

About the PIMCO Foundation
The PIMCO Foundation is the philanthropic 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 programs and innovative nonprofit organizations.


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.

Jennifer Spivey
Media Relations

More Stories By Marketwired .

Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

Latest Stories
The 22nd International Cloud Expo | 1st DXWorld Expo has announced that its Call for Papers is open. Cloud Expo | DXWorld Expo, to be held June 5-7, 2018, at the Javits Center in New York, NY, brings together Cloud Computing, Digital Transformation, Big Data, Internet of Things, DevOps, Machine Learning and WebRTC to one location. With cloud computing driving a higher percentage of enterprise IT budgets every year, it becomes increasingly important to plant your flag in this fast-expanding busin...
To get the most out of their data, successful companies are not focusing on queries and data lakes, they are actively integrating analytics into their operations with a data-first application development approach. Real-time adjustments to improve revenues, reduce costs, or mitigate risk rely on applications that minimize latency on a variety of data sources. In his session at @BigDataExpo, Jack Norris, Senior Vice President, Data and Applications at MapR Technologies, reviewed best practices to ...
There is a huge demand for responsive, real-time mobile and web experiences, but current architectural patterns do not easily accommodate applications that respond to events in real time. Common solutions using message queues or HTTP long-polling quickly lead to resiliency, scalability and development velocity challenges. In his session at 21st Cloud Expo, Ryland Degnan, a Senior Software Engineer on the Netflix Edge Platform team, will discuss how by leveraging a reactive stream-based protocol,...
In his Opening Keynote at 21st Cloud Expo, John Considine, General Manager of IBM Cloud Infrastructure, led attendees through the exciting evolution of the cloud. He looked at this major disruption from the perspective of technology, business models, and what this means for enterprises of all sizes. John Considine is General Manager of Cloud Infrastructure Services at IBM. In that role he is responsible for leading IBM’s public cloud infrastructure including strategy, development, and offering m...
"Digital transformation - what we knew about it in the past has been redefined. Automation is going to play such a huge role in that because the culture, the technology, and the business operations are being shifted now," stated Brian Boeggeman, VP of Alliances & Partnerships at Ayehu, in this SYS-CON.tv interview at 21st Cloud Expo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA.
The dynamic nature of the cloud means that change is a constant when it comes to modern cloud-based infrastructure. Delivering modern applications to end users, therefore, is a constantly shifting challenge. Delivery automation helps IT Ops teams ensure that apps are providing an optimal end user experience over hybrid-cloud and multi-cloud environments, no matter what the current state of the infrastructure is. To employ a delivery automation strategy that reflects your business rules, making r...
Nordstrom is transforming the way that they do business and the cloud is the key to enabling speed and hyper personalized customer experiences. In his session at 21st Cloud Expo, Ken Schow, VP of Engineering at Nordstrom, discussed some of the key learnings and common pitfalls of large enterprises moving to the cloud. This includes strategies around choosing a cloud provider(s), architecture, and lessons learned. In addition, he covered some of the best practices for structured team migration an...
You know you need the cloud, but you're hesitant to simply dump everything at Amazon since you know that not all workloads are suitable for cloud. You know that you want the kind of ease of use and scalability that you get with public cloud, but your applications are architected in a way that makes the public cloud a non-starter. You're looking at private cloud solutions based on hyperconverged infrastructure, but you're concerned with the limits inherent in those technologies. What do you do?
As many know, the first generation of Cloud Management Platform (CMP) solutions were designed for managing virtual infrastructure (IaaS) and traditional applications. But that's no longer enough to satisfy evolving and complex business requirements. In his session at 21st Cloud Expo, Scott Davis, Embotics CTO, explored how next-generation CMPs ensure organizations can manage cloud-native and microservice-based application architectures, while also facilitating agile DevOps methodology. He expla...
No hype cycles or predictions of a gazillion things here. IoT is here. You get it. You know your business and have great ideas for a business transformation strategy. What comes next? Time to make it happen. In his session at @ThingsExpo, Jay Mason, an Associate Partner of Analytics, IoT & Cybersecurity at M&S Consulting, presented a step-by-step plan to develop your technology implementation strategy. He also discussed the evaluation of communication standards and IoT messaging protocols, data...
Recently, REAN Cloud built a digital concierge for a North Carolina hospital that had observed that most patient call button questions were repetitive. In addition, the paper-based process used to measure patient health metrics was laborious, not in real-time and sometimes error-prone. In their session at 21st Cloud Expo, Sean Finnerty, Executive Director, Practice Lead, Health Care & Life Science at REAN Cloud, and Dr. S.P.T. Krishnan, Principal Architect at REAN Cloud, discussed how they built...
In a recent survey, Sumo Logic surveyed 1,500 customers who employ cloud services such as Amazon Web Services (AWS), Microsoft Azure, and Google Cloud Platform (GCP). According to the survey, a quarter of the respondents have already deployed Docker containers and nearly as many (23 percent) are employing the AWS Lambda serverless computing framework. It’s clear: serverless is here to stay. The adoption does come with some needed changes, within both application development and operations. Tha...
DevOps promotes continuous improvement through a culture of collaboration. But in real terms, how do you: Integrate activities across diverse teams and services? Make objective decisions with system-wide visibility? Use feedback loops to enable learning and improvement? With technology insights and real-world examples, in his general session at @DevOpsSummit, at 21st Cloud Expo, Andi Mann, Chief Technology Advocate at Splunk, explored how leading organizations use data-driven DevOps to close th...
"I focus on what we are calling CAST Highlight, which is our SaaS application portfolio analysis tool. It is an extremely lightweight tool that can integrate with pretty much any build process right now," explained Andrew Siegmund, Application Migration Specialist for CAST, in this SYS-CON.tv interview at 21st Cloud Expo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA.
Modern software design has fundamentally changed how we manage applications, causing many to turn to containers as the new virtual machine for resource management. As container adoption grows beyond stateless applications to stateful workloads, the need for persistent storage is foundational - something customers routinely cite as a top pain point. In his session at @DevOpsSummit at 21st Cloud Expo, Bill Borsari, Head of Systems Engineering at Datera, explored how organizations can reap the bene...