Overview
What is The Pimco Foundation?
The Pimco Foundation is a nonprofit organization initiated by PIMCO, a leading investment management firm. Going beyond their financial obligations, PIMCO and its employees are committed to making a positive impact on their global community. Through The Pimco Foundation, they dedicate their time and resources to empowering people and tackling fundamental issues crucial for human development and sustainable economic growth. Their primary focus areas are hunger and gender equality.
Official website here: www.pimco.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 90% (Four-Star out of Four Star Rating)
The Pimco Foundation has received a commendable Four-Star rating from Charity Navigator, indicating a strong performance in accountability and finance. The organization's overall score reflects its solid financial practices, such as a high program expense ratio of 98.13%, which suggests that most of its funds are directed towards its charitable missions rather than administrative costs.
Strengths highlighted include the presence of a fully independent board, effective audit and oversight committees, and a favorable liabilities to assets ratio. These factors contribute to a transparent and well-managed organization, suggesting that donors can trust their contributions will be effectively utilized to support the foundation's goals.
However, there are limitations in the foundation's governance practices, as it lacks a whistleblower policy, document retention and destruction policy, and does not distribute tax forms to the board prior to filing. These omissions represent areas for improvement that could enhance the organization's overall governance framework.
This AI summary has been generated from information found on Charity Navigator.
Is The Pimco Foundation legitimate?
The Pimco Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Pimco Foundation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
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Official website here: www.pimco.com
What is the mission statement of The Pimco Foundation?
The Pimco Foundation is dedicated to empowering people worldwide to achieve their full potential. Their community engagement platform focuses on two critical issues: hunger and gender equality. The foundation believes that addressing these fundamental problems is essential for human development and sustainable global economic growth. In addition to their investment management responsibilities, PIMCO's Corporate Citizenship strives to make a significant impact on their global community by volunteering time and contributing financial resources.
Official website here: www.pimco.com
Who is the CEO of The Pimco Foundation?
Jeffrey Parker is the President/Director of The Pimco Foundation.
Official website here: www.pimco.com
What is the revenue of The Pimco Foundation?
The Pimco Foundation's revenue in 2022 was $12,115,079.
Official website here: www.pimco.com
Who are the executives of The Pimco Foundation and what are their salaries?
There 3043 volunteers at The Pimco Foundation.
Here are 12 key members and their salaries:
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Official website here: www.pimco.com
Where can I find the form 990 for The Pimco Foundation?
The Pimco Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.pimco.com
Learn more at the official website: www.pimco.com
Mission Statement of The Pimco Foundation
The Pimco Foundation, a mission-driven organization, is committed to empowering people globally to reach their full potential. This community engagement platform focuses on addressing two fundamental issues critical to human development and sustainable worldwide economic growth: hunger and gender equality.
PIMCO, the investment management firm behind The Pimco Foundation, believes that by concentrating on these critical issues, they can make a significant impact on individuals' lives and contribute to the betterment of societies around the world. Through volunteering time and financial resources, The Pimco Foundation aspires to make a meaningful difference in the global community.
By addressing hunger, The Pimco Foundation aims to ensure that individuals have access to the essentials for a healthy and productive life. Meanwhile, their efforts towards gender equality strive to create an equal playing field for all, enabling individuals to contribute to their communities, families, and economies fully.
The Pimco Foundation's mission extends beyond their role as investment managers. By actively engaging in community initiatives, they demonstrate their commitment to the people and institutions they serve, and the world at large. Through their charitable endeavors, they invest in the future, fostering hope and opportunity for a better world.
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Impact
October, 2024
The Pimco Foundation is dedicated to empowering individuals worldwide to unlock their full potential. Through a robust community engagement platform, it addresses fundamental issues like hunger and gender equality, recognizing their critical role in human development and sustainable economic growth. By mobilizing time and financial resources, The Pimco Foundation strives to create a meaningful impact in the global community, positively influencing lives and fostering resilience. Its commitment goes beyond investment management, actively contributing to the well-being of the communities where Pimco operates, particularly in Newport Beach, CA.
This information is meant to be a general summary of The Pimco Foundation. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $2,816,653
- Gross Receipts: $15,630,865
Assets and Liabilities:
- Total Assets: $121,026,926
- Total Liabilities: $7,648,894
- Net Assets: $113,378,032
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Organization Details
Founding Year
2000
Phone
(949) 720-6397Principal Officer
Jeffrey Parker
Main Address
650 NEWPORT CENTER DRIVE, NEWPORT BEACH, CA, 92660
Website
www.pimco.comNTEE Category
Code: T22 - Philanthropy
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