The Newport Beach-based PIMCO Foundation donated $300,000 to fund programs for at-risk youths through Olive Crest's NOVA Academy, the Santa Ana charter school announced this week.
The grant from the PIMCO Foundation, the charitable arm of money management firm Pacific Investment Management Co., will go to math and English skills student assessments, a college preparation program and college scholarships, according to the announcement.
"PIMCO has been an unparalleled partner to NOVA, and the company's employees at all levels have provided a tremendous example of leadership and social conscience," said Donald Verleur, Olive Crest's chief executive, in a prepared statement. "We're thrilled to put the PIMCO Foundation's grant to immediate good use in educating the young men and women who are the future of our country."
PIMCO initiated NOVA's "Tools for Tomorrow" in 2008. The program teaches students financial literacy, including skills in banking, investing and insurance.