NEWPORT BEACH, CA--(Marketwire - Jul 26, 2012) - The PIMCO Foundation will hold its fourth annual Global Week of Volunteering from July 29 to August 4. Already, more than 900 PIMCO employees have signed up for 64 diverse, community-based projects around the world. The week is part of the year-round Volunteer Initiative under The PIMCO Foundation whose mission is to empower people globally to reach their full potential. The Foundation's website can be accessed directly at www.pimco.com/pimcofoundation and its twitter feed is @pimcofoundation.
Many PIMCO employees volunteer year-round in their communities, directly and through organized events. The annual PIMCO's Global Week of Volunteering adds to this by bringing together company employees, along with their families and friends, as a global volunteer team. This year, volunteers in 12 PIMCO offices around the world will hold events.
"During this special week, PIMCO employees around the world come together to volunteer time to support the communities in which we work and live," said Mohamed A. El-Erian, PIMCO's Chief Executive Officer and Co-Chief Investment Officer, as well as President of The PIMCO Foundation. "The initiatives of the PIMCO Foundation are a core part of our firm's culture and values, and we are privileged to partner with many 'not for profit' and community groups around the world, not just during this Global Week of Volunteering but also throughout the year."
Global Week of Volunteering activities include:
Hong Kong - reading to children, with Bring Me a Book; an organization helping children who don't have access to quality books.
Munich - volunteers will work with Otto Eckart Stiftung; a foundation that promotes child and youth services, to plant trees and create space for children's gardens.
Newport Beach - assisting Iraq and Afghanistan Veterans of America (IAVA) with interview skills and resume writing; stuffing backpacks for children living in motels in Orange County with Grandma's House of Hope; reorganizing garages at a housing program run by Human Options, which helps battered women and their families.
New York - beautifying community parks with Partnership for Parks; assisting children with autism and special needs to be an "artist for the day" with QSAC, an organization which provides education, residential, therapeutic and family support.
Singapore - washing, cutting and cooking food in the soup kitchen with Willing Hearts; an organization that works with underprivileged members of society.
Sydney - helping outfit disadvantaged women with clothing for work opportunities with the group Dress for Success.
Tokyo - cleaning up the Minato-ward in the Kamiyacho, Toranomon and Roppongi areas.
Toronto - teaching interviewing and resume writing skills at WoodGreen Community Services, an organization that promotes well-being and reduces poverty in Toronto.
London - cleaning up the Thames with Thames21, an environmental charity that works with communities to bring London's waterways to life.
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, firm established the PIMCO Foundation Europe as well as a charitable giving program in Australia. Last year, the PIMCO Foundation funded 125 organizations and more than 900 PIMCO employees volunteered their time in support of 100 non-profit organizations.
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