The PIMCO Foundation Announces $1,350,000 in Grants to Support US Charities and Community Organizations

NEWPORT BEACH, CA--(Marketwire - November 5, 2007) - 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.

Contact Information: Contact: The PIMCO Foundation Mark Porterfield 949-723-GIVE www.pimco.com