Iowa · Private foundation
The Principal Financial Group Foundation Inc
Its FY2024 filing reports that it accepted unsolicited grant applications.
- $15M
- Granted FY2023
- 120
- Itemized grants FY2023
- 73
- Organizations funded FY2023
- 99%
- First-time grantees FY2023
- Itemized, FY2023
- $13M
- The rest is grants the schedule does not break out
- Median grant, FY2023
- $86,445
- Largest grant, FY2023
- $1,393,683
- Organizations funded a year
- 73 to 76
- FY2022 to FY2023
- Total assets, FY2023
- $204M
- Applications
- Takes unsolicited applications
- Per its most recent filing; check its own site
How open it is to new grantees
In FY2023, 99% of the organizations The Principal Financial Group Foundation Inc funded were first-time grantees, receiving 92% of its grant dollars.
The numbers by year
| Fiscal year | Organizations funded | To those organizations | First-time grantees |
|---|---|---|---|
| FY2023 | 73 | $7.2M | 99% |
| FY2022 | 76 | $15M | n/a |
96% classified
What it funded, over time
Every grant placed by its stated purpose and the recipient’s mission, by year, FY2020 to 2024.
Philanthropy$10MCommunity Improvement$2.8MEducation$2.0MArts & Culture$1.9MHealth$1.7MFood & Nutrition$1.5MHousing & Shelter$1.4MInternational$1.3MOther$0
Top grantees
Largest recipients by total granted, FY2022 to FY2023, and the share of each one’s budget the grants supplied at peak.
| Grantee | Total granted | Years | Share of their budget |
|---|---|---|---|
| Medical Debt Resolution Inc | $400,000 | 1 | 1% |
| Greater Des Moines Habitat for Humanity Inc | $300,000 | 1 | 1% |
| Freefrom | $275,000 | 1 | 6% |
| National Institute of Minority Economic Development | $250,000 | 1 | 2% |
| Des Moines Metro Opera Inc | $200,000 | 1 | 3% |
| Financial Health Network Inc | $150,000 | 1 | n/a |
| The Arc Minnesota Inc | $150,000 | 1 | 1% |
| Thread Capital Inc | $150,000 | 1 | n/a |
| Iowa Legal Aid Inc | $150,000 | 1 | n/a |
| Build From Within Alliance | $150,000 | 1 | 28% |
Show all 70 grantees
| Grantee | Total granted | Years | Share of their budget |
|---|---|---|---|
| Medical Debt Resolution Inc | $400,000 | 1 | 1% |
| Greater Des Moines Habitat for Humanity Inc | $300,000 | 1 | 1% |
| Freefrom | $275,000 | 1 | 6% |
| National Institute of Minority Economic Development | $250,000 | 1 | 2% |
| Des Moines Metro Opera Inc | $200,000 | 1 | 3% |
| Financial Health Network Inc | $150,000 | 1 | n/a |
| The Arc Minnesota Inc | $150,000 | 1 | 1% |
| Thread Capital Inc | $150,000 | 1 | n/a |
| Iowa Legal Aid Inc | $150,000 | 1 | n/a |
| Build From Within Alliance | $150,000 | 1 | 28% |
| Innovate Charlotte Inc | $150,000 | 1 | n/a |
| Capital Area Asset Building Corporation | $150,000 | 1 | 5% |
| Mint Museum of Art Inc | $145,000 | 1 | 1% |
| Greater Des Moines Botanical Garden | $125,000 | 1 | n/a |
| Edmundson Art Foundation Inc | $119,500 | 1 | n/a |
| Community Link Programs of Travelers Aid Society of Central Carolinas Inc | $100,000 | 1 | 2% |
| A Better Balance Inc | $100,000 | 1 | 4% |
| Carolina Youth Coalition | $100,000 | 1 | n/a |
| First Nations Development Institute | $100,000 | 1 | 0% |
| Harlem Grown Inc | $100,000 | 1 | 2% |
| Northside Economic Opportunity Network | $100,000 | 1 | n/a |
| Inter-Faith Food Shuttle | $100,000 | 1 | 0% |
| Nourish Up | $100,000 | 1 | 1% |
| Juxtaposition Arts Inc | $100,000 | 1 | 2% |
| Bunker Labs Nfp Inc | $100,000 | 1 | 3% |
| Charlotte Family Housing | $100,000 | 1 | 3% |
| Better Future Forward Inc | $100,000 | 1 | n/a |
| Neighborhood Development Center Inc | $100,000 | 1 | 1% |
| Alliance Medical Ministry Inc | $100,000 | 1 | 4% |
| DC Affordable Law Firm | $100,000 | 1 | n/a |
| Maui Economic Development Board Inc | $100,000 | 1 | 1% |
| Tzedek DC Inc | $100,000 | 1 | 4% |
| Calvary Women's Services Inc | $100,000 | 1 | 2% |
| Native American Community Development Institute | $100,000 | 1 | 6% |
| Philanthropy New York Inc | $100,000 | 1 | 2% |
| National Coalition for Asian Pacific American Community Development | $100,000 | 1 | 1% |
| Common Wealth Associates Inc | $100,000 | 1 | 9% |
| New York Foundation for the Arts | $100,000 | 1 | n/a |
| Community Legal Aid Society Inc | $100,000 | 1 | n/a |
| Jubilee Park & Community Center Corporation | $100,000 | 1 | 1% |
| Meals From the Heartland | $100,000 | 1 | n/a |
| The Delaware Center for Contemporary | $75,000 | 1 | n/a |
| Jubilee Housing Inc | $75,000 | 1 | n/a |
| Principal Charity Classic | $68,682 | 1 | n/a |
| Crossroads Corporation for Affordable Housing and Community Development Inc | $50,000 | 1 | 4% |
| Appetite for Change Inc | $50,000 | 1 | 2% |
| Durham Public Schools Foundation | $50,000 | 1 | n/a |
| City of Lakes Community Land Trust | $50,000 | 1 | n/a |
| Jobs for America's Graduates Inc | $50,000 | 1 | 1% |
| Families Forward Charlotte Inc | $50,000 | 1 | 4% |
| Project One Scholarship Fund | $50,000 | 1 | 22% |
| City Startup Labs Inc | $50,000 | 1 | 6% |
| Patient Advocate Foundation | $50,000 | 1 | 0% |
| Kiva Microfunds | $50,000 | 1 | n/a |
| World Central Kitchen Inc | $40,000 | 1 | 0% |
| ANSWER Scholarship Inc | $40,000 | 1 | 17% |
| Foundation For Girls | $35,000 | 1 | 33% |
| Community Emergency Assistance Programs | $35,000 | 1 | n/a |
| Second Harvest Food Bank of Metrolina Inc | $30,000 | 1 | 0% |
| Project Outpour | $30,000 | 1 | n/a |
| The Mercantile Library Association of the City of New York Inc | $25,750 | 1 | 1% |
| Iowa State University Foundation | $25,250 | 1 | 0% |
| Lead Dsm | $25,000 | 1 | 8% |
| Grand View University | $25,000 | 1 | 0% |
| Bergman Academy | $25,000 | 1 | n/a |
| Simpson College | $25,000 | 1 | 0% |
| United Way of the Midlands | $25,000 | 1 | 0% |
| Figs of Wake County Inc | $20,000 | 1 | 7% |
| Charlotte Pride Inc | $15,600 | 1 | n/a |
| Direct Relief | $400 | 1 | 0% |
What it could do for these grantees
Plus 78 recipients with no EIN on record ($15M), not named here.
Where it is load-bearing
The Principal Financial Group Foundation Inc supplied at least a quarter of the budget for 2 of its grantees at some point. The chart plots its 47 largest grantees; load-bearing ones sit top left.
Tap a dot to name the grantee.
How this is measured
Share of budget is the funder’s grant in a year over the grantee’s total revenue that year, at its highest across the years we hold; revenue is from all sources. Only grantees confirmed against their own filings, whose grants do not exceed their revenue, are plotted: the largest 47.
Co-funders
Grantmakers whose grantees overlap with this funder’s far more than size alone predicts. Closer means stronger alignment; arcs show where they also fund each other. Here they form a tightly interlocked group: most of these funders back each other's grantees too.
Wells Fargo FoundationMN23.3× affinity11 shared granteesties to 11 of 11Hover any node to trace its alignments.Compare side by side →
Open a dossier: Wells Fargo Foundation · Ally Charitable Foundation · Target Foundation · United Way of Greater Charlotte Inc · Foundation for the Carolinas · Ewing Marion Kauffman Foundation · Truist Foundation Inc · Meredith Corporation Foundation · The Ford Foundation · Duke Energy Foundation · Merancas Foundation Inc · The Kresge Foundation
How this is measured
Affinity is a Gamma-Poisson posterior co-funding rate, re-centered on the typical rate, so thin evidence shrinks toward no signal. Overlap is association, not proof of shared intent.
Compare The Principal Financial Group Foundation Inc with peer funders
About The Principal Financial Group Foundation Inc
- How much does The Principal Financial Group Foundation Inc give?
- The Principal Financial Group Foundation Inc reported 120 itemized grants totaling $12,810,600, out of $15,006,803 in total grant expense reported on the return in its FY2023 IRS filing. It funded between 73 and 76 organizations a year over FY2022 to FY2023.
- What does The Principal Financial Group Foundation Inc fund?
- By grant dollars over FY2022 to FY2023, its largest causes are Philanthropy (16%), Community Improvement (4%), Education (3%).
- Who are The Principal Financial Group Foundation Inc's largest grantees?
- By total granted over FY2022 to FY2023: Medical Debt Resolution Inc ($400k), Greater Des Moines Habitat for Humanity Inc ($300k), Freefrom ($275k).
- Does The Principal Financial Group Foundation Inc fund new organizations?
- In FY2023, 99% of the organizations it funded were first-time grantees.
- Does The Principal Financial Group Foundation Inc accept unsolicited applications?
- Its most recent filing reports that it accepts unsolicited grant applications.
- Which funders back the same organizations as The Principal Financial Group Foundation Inc?
- Its strongest co-funders, measured against what their size predicts, include Wells Fargo Foundation, Ally Charitable Foundation, Target Foundation.
- Where is The Principal Financial Group Foundation Inc based?
- The Principal Financial Group Foundation Inc is based in IA.
Play a game based on Principal Financial Group’s filings →
More from the funding graph
The unnamed billions
grants reported with no recipient in the public record
The regranting layer
51% of grant dollars land in the regranting layer
The DAF merry-go-round
$9.7B circulates between donor-advised funds
The endowment market
who holds foundation money, and what just moved
The camps
funders cluster by geography, not ideology
By state
where grant money is based, and what stays home