Press Release

The PIMCO Foundation Sends Four Employees to Latin America to Work with Coffee Farmers; Three Employees Recently Returned from a Multi‑Company Pro Bono Effort in Ghana

Consultative work via global pro bono is part of PIMCO’s effort to create opportunities in developing countries


Newport Beach, California (September 1, 2016) -- The PIMCO Foundation, the philanthropic arm of global investment management firm PIMCO, has again partnered with TechnoServe to send four volunteersfrom PIMCO to work alongside coffee farmers to help build sustainable small businesses.

The project is part of PIMCO’s Emerging Enterprise Program (EEP), launched in 2011 in conjunction with TechnoServe, an international NGO that promotesbusiness solutions to reduce poverty. The EEP’s primary aim is to encourage entrepreneurship and create opportunity in developed countries.

The PIMCO Foundation and TechnoServe support the development of the specialty coffee and cocoa value chains, working together to bring economic growth andprosperity to entrepreneurial men and women in Latin America. Since the partnership began, and with an investment of over $3.5 million from PIMCO, morethan 21,100 smallholder farmers and 700 small and growing businesses have generated over $20 million in incremental sales, which has helped create 531 newjobs.

“The EEP provides a vehicle for high performing, high potential PIMCO employees to become directly involved in TechnoServe’s mission,” said SarahMiddleton, Executive Director, PIMCO Foundation. “It’s a unique professional development opportunity for the participants as well, as they are immersed ina different culture for two months, helping provide sustainable support to local farmers and entrepreneurs.”

PIMCO’s Emerging Enterprise Program participants are spending eight weeks conducting interviews, working with financial specialists, and partnering withmicrofinance institutions, all the while helping further TechnoServe’s work in Peru and Nicaragua.

In addition to the EEP, PIMCO has joined a unique tri-sector partnership called the Global Health Corporate Champions (GHCC). The GHCC, a USAID initiative,implemented by the Public Health Institute, with support from PYXERA Global, addresses immediate and emerging human capital needs in the global healthsphere.

Three PIMCO professionals joined employees from The Dow Chemical Company and PricewaterhouseCoopers to form a multi-company, multi-disciplinary pro bonoteam. With expertise in management, operations, and finance, the GHCC provided strategic and consultative support to three social sector healthorganizations in Accra, Ghana.

“During our four weeks in-country, we learned a lot from our Ghanaian friends and coworkers, professionally as well as personally,” said GHCC’s volunteer,Marta Bezoari, SVP, Account Manager. “We experienced a business culture where relationships come first and the task comes second. Ultimately, our teamwanted to leave in place a long-term, feasible solution to help tackle the issue of financial sustainability for our host client, a network of 291hospitals and clinics across Ghana.”

Media Contacts

Michael Reid
Global Head of Corporate Communications
New York

Donna Chan
APAC Corporate Communications
Hong Kong

Agnes Crane
U.S. Corporate Communications
New York

Laura Batty
U.S. Corporate Communications
Newport Beach

Louise Collins
U.K. and EMEA Corporate Communications – London

Jochen Haegele
EMEA Corporate Communications


About The PIMCO Foundation

The PIMCO Foundation is the philanthropic arm of PIMCO, based in Newport Beach, California, which helps people around the world to reach their fullpotential by engaging, empowering and investing in communities. It carries out its mission by identifying areas of urgent community need and volunteeringtime and financial resources to support high impact projects and programs; through education with a focus on early childhood education and college accessfor students, and by investing in organizations that promote gender equality and financial empowerment for women and girls. The Foundation’s website can beaccessed directly at and its Twitter, Instagram and Facebook feeds are@PIMCOFoundation.


PIMCO is a leading global investment management firm, with offices in 12 countries throughout North America, Europe and Asia. Founded in 1971, PIMCO offersa wide range of innovative solutions to help millions of investors worldwide meet their needs. Our goal is to provide attractive returns while maintaininga 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 statementswithin the meaning of the Private Securities Litigation Reform Act of 1995. These statements may involve a number of risks, uncertainties and otherfactors that could cause actual results to differ materially, including the performance of financial markets, the investment performance of PIMCO'ssponsored investment products and separately managed accounts, general economic conditions, future acquisitions, competitive conditions and governmentregulations, including changes in tax laws. Readers should carefully consider such factors. Further, such forward-looking statements speak only on thedate at which such statements are made. PIMCO undertakes no obligation to update any forward-looking statements to reflect events or circumstancesafter the date of such statements.