Principal Financial Group Foundation
/OVERVIEW: The Principal Financial Group Foundation supports financial security, education, arts and culture, recreation, and disaster relief in portions of Iowa and Nebraska.
IP TAKE: This corporate funder has global interests but makes Iowa a priority. However, it is not open to receiving unsolicited funding requests. All requests are invite only.
PROFILE: Established in 1987, Principal Financial Group Foundation (PFGF) is a corporate foundation based in Des Moines, Iowa. The company, Principal Financial Group, offers retirement, insurance, and asset management services. The foundation aims to help " people learn more, earn more, and save more.” PFGF funds local efforts for financial security, education, arts and culture, and recreation.
Grants for Work and Economic Opportunity, Education, Arts and Culture, and Community Development
The Principal Financial Group Foundation’s top priority is investing in efforts to promote financial security. It emphasizes the needs to serve youth between the ages of 15 and 24, as well as disadvantaged communities. PFGF awards grants through its community grant program and also other major gifts. Financial grants focus on job training, professional skill-building, financial coaching, and increasing savings. Talent-focused education grant investments include STEM programming to drive business talent development. Strong communities’ grants involve providing arts, culture, and recreation activities at a free or nearly free cost to disadvantaged populations. Disaster relief grants also fall into this category. PFGF also has an in-kind giving program, a matching grant program, and volunteer engagement opportunities.
Past local grantees include the Des Moines Gay Men’s Chorus, Des Moines Public Library Foundation, and Iowa Dental Foundation.
Important Grant Details
Grants range between about $5,000 and $25,000. Grantmaking focuses on numerous locations in the Upper Midwest and Plains States: Cedar Falls, Iowa; Des Moines, Iowa; Grand Island, Nebraska; Mason City, Iowa; and Ottumwa, Iowa. Other geographic interests are in select cities of California, North Carolina, Delaware, Wisconsin, and Washington, DC. PFGF also has international funding interests based upon where its global locations are based.
This foundation does not accept unsolicited grant applications from nonprofits. Instead, it makes grants on an invitation-only basis. Grant deadlines are March 15, June 15, and September 15. Direct general questions to the staff at woodhouse.rachel@principal.com or 515-247-5111.
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