The PIMCO Foundation Announces 2009 Grant Recipients

NEWPORT BEACH, CA--(Marketwire - October 30, 2009) - The PIMCO Foundation, the charitable arm of the Newport Beach-based money management firm PIMCO, today announced it has awarded $549,375 in 2009 grants to 30 US charities and community organizations.

"PIMCO is committed to community involvement and supporting excellent programs that reflect our values," said Mohamed El-Erian, President of The PIMCO Foundation. "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 around the world."

With over 200 applicants, grants ranged between $5,000 and $25,000. The 2009 grants were awarded across multiple priority areas. The 2009 grant recipients are:

Children: $ 100,000
        Big Brothers Big Sisters of Orange County
        CASA of Orange County
        Orange County Food Bank
        The Painted Turtle
        Project Dignity
        Project HOPE School Foundation

Disability: $ 30,000
        Fresh Start Surgical Gifts
        Helping our Mentally Ill Experience Success
        Special Olympics Orange County

Education: $ 94,375
        College Bound - Dollars for Achievers
        Hispanic Scholarship Fund
        Olive Crest Treatment Centers
        Saint Joseph Ballet (now The Wooden Floor)
        St. Margaret's Episcopal School - Breakthrough San Juan Capistrano

Global Microlending and Microfinance: $ 50,000
        Freedom from Hunger
        Pro Mujer

Ocean Conservation: $35,000
        Inside the Outdoors Foundation
        San Diego Coastkeeper

Senior Citizen: $ 80,000
        Costa Mesa Senior Center
        Council on Aging - Orange County
        Irvine Adult Day Health Services
        Latino Health Access

Women's: $ 135,000
        Breast Cancer Solutions
        Laura's House
        Lestonnac Free Clinic
        Maternal Outreach Management System (MOMS)
        Toby's House
        Venice Family Clinic

Other programs: $25,000
        Someone Cares Soup Kitchen
        Women Helping Women

The PIMCO Foundation also announced that their window for accepting 2010 grant applications will open on May 17th and will close on July 15th, 2010. The PIMCO Foundation accepts grants nationally for US-based nonprofit organizations. Grant applications for 2010 will be available in April of 2010 at www.pimco.com.

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 over $7.5 million in grants to charities and community organizations around the world.

About PIMCO

With more than $940 billion in fixed-income assets under management (as of 09/30/09), PIMCO is one of the world's leading money management companies and is headquartered in Newport Beach California, with offices in New York City, Amsterdam, London, Munich, Zurich, 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.