Newport Beach, California (April 14th, 2020) -- The PIMCO Foundation has issued 18 new grants to charity partners focused on hunger and humanitarian relief for those affected by COVID-19.
These funds will support PIMCO’s partners around the world, as many experience greater demand from individuals and communities seeking food and support. The PIMCO Foundation will also support the efforts of local community collaboratives in Orange County, Austin and New York City which are coordinating responses in their local regions. PIMCO also donated funds from its Disaster Relief Program in January to support communities in China.
“It is more important than ever for us to continue to support our partners who are tirelessly serving the most vulnerable in our local communities during this unprecedented time of need,” said Emmanuel Roman, Chief Executive Officer of PIMCO and President of the PIMCO Foundation. “The challenges resulting from this crisis are rapidly evolving and we continue to stay in close contact with our partners to identify and support additional areas of need.”
PIMCO’s largest multi-year partner, The Global Foodbanking Network, is also among those set to receive funding.
“The Global FoodBanking Network continues to work closely with its members and partners to ensure that relief continues during this crisis. We are accelerating knowledge sharing so food banks can source more meals and safely deliver food during this rapidly changing time,” said Lisa Moon, President and Chief Executive Officer of the Global Foodbanking Network. “We have ramped up financing for our members so that they can distribute food parcels even more quickly. We are also working with our global partners to help support members’ supply chains so they can better meet their communities’ urgent needs.”
In addition to these donations, PIMCO offers an employee match program which supports employees’ personal philanthropy. PIMCO is also activating virtual and pro bono volunteer opportunities for employees seeking to donate their time and expertise directly to partner organizations serving local communities.
Grants were awarded to:
- Global Food Banking Network
- British Red Cross
- Central Texas Food Bank
- Community Response Collaboratives in Austin, Orange County & New York City
- Daily Bread Food Bank
- Feeding Hong Kong
- Food Bank Singapore
- Foodbank Australia
- German Red Cross
- Give 2 Asia
- An Italian health care facility
- Mesa Brasil
- Münchner Tafel
- New York Common Pantry
- Orange County Food Bank
- Second Harvest Food Bank Japan
- Taiwan People’s Food Bank Association