NEWPORT BEACH, CA--(Marketwire - December 22, 2010) - The PIMCO Foundation, the charitable arm of the Newport Beach-based investment management firm PIMCO, announced today that it has awarded $1,410,725 in 2010 grants to a variety US charities.

"The PIMCO Foundation is very pleased to partner with these organizations that work tirelessly to help those in need and to improve the quality of life in our communities," said Mohamed El-Erian, President of The PIMCO Foundation.

The 2010 grants were awarded across multiple priority areas.

Children: $ 442,000
Acres of Love
African Child Foundation, USA
Boys and Girls Clubs of Garden Grove
CASA Orange County
CHOC Foundation
Discovery Science Center
Dodge YMCA
Elizabeth Glaser Pediatric AIDS Foundation
Future Leaders Institute Charter School
Harlem Children's Zone
Illumination Foundation
Leroy Haynes Center for Children
Miracles for Kids
Muscular Dystrophy Association
Nurse-Family Partnership
Operation Homefront Southern California
Operation Hope
Orangewood Children's Foundation
Peninsula Education Foundation
Project Access
Project HOPE School
Ronald McDonald House Charities of Southern California
Safe Space NYC

Disability: $ 145,000
Challenged Athletes Foundation
DisAbility Awareness Foundation
Epilepsy Alliance of Orange County
Helping our Mentally Ill Experience Success
Jewish Family Services: The Outside-In Program
JF Shea Therapeutic Riding Center
The Painted Turtle
Rebuilding Together Long Beach
Special Olympics of Orange County

Education: $ 217,500
College Bound
Hispanic Scholarship Fund
Network for Teaching Entrepreneurship
New Heights Youth
Newport/Mesa Proliteracy
Olive Crest
St. Margaret's Episcopal School
Student Sponsor Partners
Tustin Public Schools Foundation
Vital Link
The Wooden Floor

Global Microlending and Microfinance: $ 133,225
Family Services Center
Foundation for Women
Freedom from Hunger
Pro Mujer
Trickle Up

Ocean Conservation: $59,000
Amigos de Bolsa Chica
Ocean Institute
San Diego Coastkeeper
The Surfrider Foundation

Senior Citizen: $ 120,000
Alzheimer's Family Services Center
Community SeniorServ
Council on Aging -- Orange County
Laguna Beach Seniors
Military Women in Need
Rebuilding Together Orange County
Sally's Fund

Women's: $ 200,000
AIDS Services Foundation
Casa Teresa
The Eli Home
Family Assistance Ministries
Friendship Shelter
Interval House
Laura's House
Mariposa Women and Family Center
Venice Family Clinic
Share Our Selves 

Other programs: $94,000
Aniridia Foundation
Bread for the World
Charity Water
Center for the Intrepid: Fallen Heroes Fund
Doctors without Borders
Families Forward
My Brother's Keeper
Orange County Food Bank
Pet Rescue Center
Women Helping Women

The PIMCO Foundation also announced that their window for accepting 2011 grant applications will open on May 16th and will close on July 15th, 2010. The PIMCO Foundation accepts grants nationally for US-based nonprofit organizations. Grant applications for 2011 will be available in April of 2011 at

The PIMCO Foundation is committed to making our communities better, stronger and healthier places to live, learn and work by investing in organizations that empower people globally to reach the long term goal of living sustainable, rewarding and responsible lives. Since its founding in 2001, The PIMCO Foundation has awarded nearly $10 million in grants to charities and community organizations around the world.

PIMCO is a global investment management firm that was founded in Southern California in 1971. The firm serves an array of clients and manages retirement and other assets that reach more than 8 million people in the U.S. and millions more around the world. Our clients include state, municipal, union and private sector pension and retirement plans, educational, foundations, endowments, philanthropic and healthcare institutions, individual and investment saving accounts, public sector reserve management and other public entities in North and South America, Europe, the Middle East and Asia.

PIMCO has more than 1,400 employees. In addition to its headquarters in Newport Beach, California, the firm has offices in Amsterdam, Hong Kong, London, Munich, New York City, Singapore, Sydney, Tokyo, Toronto and Zurich.

PIMCO is owned by Allianz S.E., a global insurance conglomerate.

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.

Contact Information:

The PIMCO Foundation
Mark Porterfield