Nearly 1,000 Volunteers in Newport Beach and New York Pack Food for 17,500 Needy Families
NEWPORT BEACH, CA--(Marketwired - Dec 5, 2013) - On Saturday, December 7, 740 PIMCO employee volunteers, friends and family members will gather at the firm's Newport Beach headquarters to pack 15,000 boxes with a holiday meal for needy families in Southern California.
The annual Share the Harvest is an event sponsored by the PIMCO Foundation, PIMCO's charitable giving and employee volunteer program. It's the sixth time PIMCO has held Share the Harvest in Newport Beach. All 15,000 boxes of food packed by PIMCO volunteers will be donated to the Orange County Food Bank and its many member agencies. The Foundation's website can be accessed directly at www.pimco.com/pimcofoundation and its twitter feed is @pimcofoundation.
This follows a similar event in New York where 2,200 PIMCO volunteers packed 2,500 food boxes. The boxes were distributed to Food Bank For New York City.
"The Share the Harvest event is an important and wonderful annual tradition for us, both in our Newport Beach and New York offices. Each year the number of PIMCO volunteers and financial donations grows, as does the beneficial impact on our local communities that we care a lot about," said Mohamed A. El-Erian, Chief Executive Officer and Co-Chief Investment Officer of PIMCO and President of the PIMCO Foundation.
Mr. El-Erian added: "In helping those that are less fortunate than us, we are delighted to partner with the OC Food Bank and Food Bank For New York City -- especially at a time when so many families and individuals have fallen on hard times."
"As one of the world's largest investment managers, PIMCO understands the importance of wise investment. PIMCO, their employees, and the PIMCO Foundation are investing in the wellbeing of our community by providing fifteen thousand vulnerable families the gift of food this holiday season," said Mark Lowry, Director of the OC Food Bank.
Media interested in covering the event should contact Mark Porterfield at 949-720-6397.
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.
About the OC Food Bank
The Orange County Food Bank is a program of the Community Action Partnership of Orange County, a private non-profit charity dedicated to helping people and changing lives. Nearly 20 million pounds of food each year is distributed to 400 non-profit agencies throughout the county including soup kitchens, churches, shelters, and social service agencies. The Orange County Food Bank also provides direct services to more than 23,000 seniors and low-income families each month.
About Food Bank For New York City
Food Bank For New York City recognizes 30 years as the city's major hunger-relief organization working to end food poverty throughout the five boroughs. As the city's hub for integrated food poverty assistance, Food Bank tackles the hunger issue on three fronts -- food distribution, income support and nutrition education -- all strategically guided by its research. Through its network of community-based member programs citywide, Food Bank helps provide 400,000 free meals a day for New Yorkers in need.
PIMCO is a leading global investment management firm, with offices in 11 countries throughout North America, Europe and Asia. Founded in 1971, PIMCO offers a wide range of innovative solutions to help millions of investors worldwide meet their needs. Our goal is to provide attractive returns while maintaining a strong culture of risk management and long-term discipline. PIMCO is owned by Allianz S.E., a leading global diversified financial services provider.
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.
PIMCO - Media Relations