NEWPORT BEACH, CA--(Marketwired - Jul 27, 2015) - The PIMCO Foundation, PIMCO's charitable arm, began its seventh annual Global Week of Volunteering this week.
More than 850 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.
"The spirit of volunteering is intrinsic to the PIMCO culture," said Doug Hodge, PIMCO's Chief Executive Officer and President of the PIMCO Foundation. "Employees want to give back to their communities and the annual Global Week of Volunteering gives us the opportunity to partner with local organizations to help empower those most 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 - visiting a Children's Home to engage mentally disabled children and teenagers in an arts project
London - facilitating a workshop to provide unemployed adults with training to get back into the workforce
Munich - making enhancements at a children's playground
Newport Beach - presenting an interview skills workshop to military veterans at Working Wardrobe's VetNet program; painting and repairing an emergency housing unit with the Illumination Foundation; serving lunch to the homeless at Someone Cares Soup Kitchen
New York - coaching students on their business plans with Network for Teaching Entrepreneurship; serving dinner to seniors at DOROT; packing and delivering 300 lunches to the homeless in Battery Park with Bridges Outreach, Inc.
Rio - assisting diabetic patients with glycemic tests
Singapore - removing refuse and debris along the shoreline in East Coast Park
Sydney - cooking meals with OzHarvest for the hungry and homeless
Tokyo - preparing meals at Second Harvest Japan for distribution at Ueno Park
Toronto - engaging seniors at a daytime center for elderly individuals supported by low-income families
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.