Charity Spotlight: PIMCO Holds Annual “Share the Harvest” Event

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PIMCO 2More than 700 PIMCO employee volunteers, friends and family members gathered at the firm’s Newport Beach headquarters last weekend to pack over 15,000 boxes with a holiday meal for needy families in Southern California.

The annual “Share the Harvest” event is 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 were donated to the Orange County Food Bank and its many member agencies.

At the event, PIMCO also presented the OC Food Bank with a check for $20,000 from the PIMCO Foundation.

This follows a similar event in New York where 2,200 PIMCO volunteers packed 2,500 food boxes. The boxes were distributed to PIMCO 3Food 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,” said Mohamed A. El-Erian, chief executive officer and co-chief investment officer of PIMCO and president of the PIMCO Foundation. “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. 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 15,000 vulnerable families the gift of food this holiday season,” said Mark Lowry, director of the OC Food Bank.

PIMCO 5The PIMCO Foundation is the charitable arm of PIMCO, and 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 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 Food Bank also provides direct services to more than 23,000 seniors and low-income families each month.

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