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The Principal Financial Group Foundation Inc at a glance

· Private foundation

The Principal Financial Group Foundation Inc

Its FY2024 filing reports that it accepted unsolicited grant applications.

$15M
Granted FY2023
120
Grants FY2023
—
States reached
$1.4M
Largest
01What it fundsRead
02Its fieldRead
01What it funds
0196% 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
02FY2023 · 120 grants

Where the money goes

Grants by size, and the largest recipients.

How this is measured
The 120 grants below total $12,810,600, the rows itemized in this filing. The $15,006,803 headline is the total grant expense on the return; the other $2,196,203 is giving the schedule does not break out (grants under the $5,000 itemization floor, grants to individuals, grants on other schedules). Every figure below describes the itemized rows only.

By grant size · FY2023

  • Under $10k24 grants · $54k
  • $10k–50k23 grants · $637k
  • $50k–250k61 grants · $6.6M
  • $250k+12 grants · $5.5M
$86,445
Median grant
—
States reached
$204M
Total assets
Largest grants
RecipientAmount
American Online Giving Foundation Inc$1,393,683
American Online Giving Foundation Inc$591,750
American Online Giving Foundation Inc$566,751
American Online Giving Foundation Inc$454,519
American Online Giving Foundation Inc$420,815
Medical Debt Resolution Inc$400,000
American Online Giving Foundation Inc$350,031
Greater Des Moines Habitat for Humanity$300,000
American Online Giving Foundation Inc$270,886
American Online Giving Foundation Inc$268,785
American Online Giving Foundation Inc$266,087
National Institute of Minority Economic$250,000
American Online Giving Foundation Inc$240,530
American Online Giving Foundation Inc$218,246
American Online Giving Foundation Inc$211,456
02Its field

Closest unfunded matches

The nonprofits that most resemble its grantees but are not funded by it, scored along the direction from the rest of the field toward the portfolio. A resemblance in what they say they do, not a recommendation.

1
African Development Center

Grow businesses, build wealth and increase reinvestement in the african communities of minnesota

Human Services
2
Central Indiana Corporate Partnership Inc

Central indiana corporate partnership (cicp) is an alliance of indiana's business and research university leaders coming together to foster long-term prosperity for the region. cicp's mission is to transform the economy of indiana in order…

Community Improvement
3
Common Future

Common future is a network of pioneering leaders across the u.s. and canada who work deeply within their communities to create alternative approaches to business, philanthropy, and investing. we envision an economy that has transitioned…

Community Improvement
4
Minnesota Business Partnership

The minnesota business partnership's mission is to maintain a high quality of life for all minnesotans by ensuring that the state's economy remains strong, globally competitive and its prospects for growth bright by working with elected…

—
5
Washington Area Community Investment Fund Inc

The washington area community investment fund (wacif) is a nonprofit community loan fund focused on increasing equity and economic opportunity in the washington, dc area's underserved communities. wacif's mission is driven is driven by…

—
6
Coop Careers Inc

Building a movement of diverse, upwardly mobile college grads overcoming underemployment through digital skills and peer connections.

Education
7
Minnesota Chamber of Commerce and Industry

The minnesota chamber of commerce proactively leads the business community statewide to: advance pro-business, responsible minnesota public policy that creates jobs and grows the econony; provde member services to address evolving business…

—
8
Neighborhood Reinvestment Corporation

The neighborhood reinvestment corporation (d.b.a neighborworks america) is a congressionally chartered public non-profit corporation that creates opportunities for people to live in affordable homes, improve their lives, and strengthen…

—
9
The Common Application Inc

The common application is a not-for-profit membership organization of over 1,100 colleges and universities across the globe committed to access, equity, and integrity in the college admission process. every year, over 1.5 million students…

Education
10
Midwest Dairy Association

Midwest dairy works with others to give consumers an excellent dairy experience increasing sales, fostering innovation, and inspiring consumer confidence of dairy products and practices.

—
11
National Association of Corporate Directors

We empower directors and transform boards to be future ready.

Public Benefit
12
United Way of Greater Philadelphia and Southern New Jersey

United way's mission is to end intergenerational poverty in our region by harnessing, leveraging and strategically investing the collective power of donors, advocates and volunteers, to help individuals and families break the cycle of…

Philanthropy
How this is measured
The grantee most central to the portfolio’s shape is Build From Within Alliance; the most unlike its peers is Mint Museum of Art Inc. Resemblance is measured on each organization’s own IRS 990 mission text; it reflects how work is described, not its quality or impact.
03the grantee network

50 grantees tracked through their own filings, 2017–2026.

Each grant beside the grantee’s revenue from every source, year by year.

How this is measured

Counted here: distinct organizations funded across 2017 to 2026, not grant rows in a single year, so this will not match the grant count on the cover. 50 of the 151 grantees resolved in that span have returns of their own we could reconcile.

Each grantee is resolved to its own IRS returns. Association, dated; never a causal claim.

2
Load-bearing (≥25% of a budget)
5
Early backer (in before they grew)
50/50
Grantees still filing
33/50
Grew since first funded

Where the money sits, by cause and then by grantee

The Blackbaud Giving Fund: $1,472,715 · OtherThe Blackbaud Giving FundAmerican Online Giving Foundation Inc: $1,305,609 · OtherAmerican Online Giving Foundation IncUnited Way World Wide: $1,147,907 · OtherUnited Way World WideFinancial Health Network: $779,500 · OtherDrake University: $750,000 · Other+117 more: $13,566,196 · Other+117 moreAMERICAN ONLINE GIVING FOUNDATION INC: $5,253,539 · PhilanthropyAMERICAN ONLINE GIVING…CHARITIES AID FOUNDATION AMERICA: $219,000 · Philanthropy+1 more: $25,000 · PhilanthropyMEDICAL DEBT RESOLUTION INC: $400,000 · Human ServicesFreefrom: $275,000 · Human ServicesINTER-FAITH FOOD SHUTTLE: $100,000 · Human ServicesNourish Up: $100,000 · Human ServicesCharlotte Family Housing: $100,000 · Human ServicesNEIGHBORHOOD DEVELOPMENT CENTER INC: $100,000 · Human ServicesJUBILEE PARK & COMMUNITY CENTER CORPORATION: $100,000 · Human ServicesAPPETITE FOR CHANGE INC: $50,000 · Human ServicesFamilies Forward Charlotte Inc: $50,000 · Human Services+2 more: $75,000 · Human ServicesGREATER DES MOINES HABITAT FOR HUMANITY INC: $300,000 · Housing & ShelterCALVARY WOMEN'S SERVICES INC: $100,000 · Housing & ShelterCrossroads Corporation for Affordable Housing and Community Development Inc: $50,000 · Housing & ShelterDES MOINES METRO OPERA INC: $200,000 · Arts & CultureMINT MUSEUM OF ART INC: $145,000 · Arts & CultureNative American Community Development Institute: $100,000 · Arts & CultureBUILD FROM WITHIN ALLIANCE: $150,000 · Community ImprovementCAPITAL AREA ASSET BUILDING CORPORATION: $150,000 · Community ImprovementNational Coalition for Asian Pacific American Community Development: $100,000 · Community ImprovementCommon Wealth Associates Inc: $100,000 · EducationPATIENT ADVOCATE FOUNDATION: $50,000 · EducationTHE MERCANTILE LIBRARY ASSOCIATION OF THE CITY OF NEW YORK INC: $25,750 · EducationIOWA STATE UNIVERSITY FOUNDATION: $25,250 · EducationGRAND VIEW UNIVERSITY: $25,000 · EducationSimpson College: $25,000 · Education
Other$19,021,927Philanthropy$5,497,539Human Services$1,350,000Housing & Shelter$450,000Arts & Culture$445,000Community Improvement$400,000Education$251,000

Each grantee by its size and the funder’s share of it; top left is load-bearing

25%50%75%100%$1.0M$10M$100Mgrantee revenue →↑ funder's share of their budgetAMERICAN ONLINE GIVING FOUNDATION INC: $5,253,539 over 1y, 0.3% of budgetMEDICAL DEBT RESOLUTION INC: $400,000 over 1y, 1.4% of budgetGREATER DES MOINES HABITAT FOR HUMANITY INC: $300,000 over 1y, 1.2% of budgetFreefrom: $275,000 over 1y, 5.7% of budgetNATIONAL INSTITUTE OF MINORITY ECONOMIC DEVELOPMENT: $250,000 over 1y, 2.1% of budgetCHARITIES AID FOUNDATION AMERICA: $219,000 over 1y, 0.0% of budgetDES MOINES METRO OPERA INC: $200,000 over 1y, 3.5% of budgetTHE ARC MINNESOTA INC: $150,000 over 1y, 1.3% of budgetBUILD FROM WITHIN ALLIANCE: $150,000 over 1y, 28% of budgetCAPITAL AREA ASSET BUILDING CORPORATION: $150,000 over 1y, 5.0% of budgetDES MOINES PARK & RECREATION FOUNDATION: $150,000 over 1y, 3.7% of budgetMINT MUSEUM OF ART INC: $145,000 over 1y, 1.3% of budgetCommunity Link Programs of Travelers Aid Society of Central Carolinas Inc: $100,000 over 1y, 2.0% of budgetA BETTER BALANCE INC: $100,000 over 1y, 4.3% of budgetFIRST NATIONS DEVELOPMENT INSTITUTE: $100,000 over 1y, 0.4% of budgetHARLEM GROWN INC: $100,000 over 1y, 1.9% of budgetINTER-FAITH FOOD SHUTTLE: $100,000 over 1y, 0.4% of budgetNourish Up: $100,000 over 1y, 0.5% of budgetJUXTAPOSITION ARTS INC: $100,000 over 1y, 2.3% of budgetBUNKER LABS NFP INC: $100,000 over 1y, 3.2% of budgetCharlotte Family Housing: $100,000 over 1y, 3.1% of budgetNEIGHBORHOOD DEVELOPMENT CENTER INC: $100,000 over 1y, 1.0% of budgetALLIANCE MEDICAL MINISTRY INC: $100,000 over 1y, 3.7% of budgetMAUI ECONOMIC DEVELOPMENT BOARD INC: $100,000 over 1y, 1.5% of budgetTZEDEK DC INC: $100,000 over 1y, 4.0% of budgetCALVARY WOMEN'S SERVICES INC: $100,000 over 1y, 2.2% of budgetNative American Community Development Institute: $100,000 over 1y, 6.0% of budgetPHILANTHROPY NEW YORK INC: $100,000 over 1y, 2.2% of budgetNational Coalition for Asian Pacific American Community Development: $100,000 over 1y, 0.7% of budgetCommon Wealth Associates Inc: $100,000 over 1y, 8.7% of budgetJUBILEE PARK & COMMUNITY CENTER CORPORATION: $100,000 over 1y, 1.4% of budgetCrossroads Corporation for Affordable Housing and Community Development Inc: $50,000 over 1y, 3.9% of budgetAPPETITE FOR CHANGE INC: $50,000 over 1y, 2.2% of budgetJobs for America's Graduates Inc: $50,000 over 1y, 0.7% of budgetFamilies Forward Charlotte Inc: $50,000 over 1y, 4.4% of budgetPROJECT ONE SCHOLARSHIP FUND: $50,000 over 1y, 22% of budgetCITY STARTUP LABS INC: $50,000 over 1y, 6.3% of budgetPATIENT ADVOCATE FOUNDATION: $50,000 over 1y, 0.0% of budgetWORLD CENTRAL KITCHEN INC: $40,000 over 1y, 0.0% of budgetANSWER Scholarship Inc: $40,000 over 1y, 17% of budgetFoundation For Girls: $35,000 over 1y, 33% of budgetSecond Harvest Food Bank of Metrolina Inc: $30,000 over 1y, 0.0% of budgetTHE MERCANTILE LIBRARY ASSOCIATION OF THE CITY OF NEW YORK INC: $25,750 over 1y, 1.0% of budgetIOWA STATE UNIVERSITY FOUNDATION: $25,250 over 1y, 0.0% of budgetLEAD DSM: $25,000 over 1y, 8.3% of budgetGRAND VIEW UNIVERSITY: $25,000 over 1y, 0.0% of budgetSimpson College: $25,000 over 1y, 0.0% of budgetUNITED WAY OF THE MIDLANDS: $25,000 over 1y, 0.1% of budget
Grantee by grantee: a decade per organization, before and after funding

A decade per grantee: revenue shaded, grants as bars, all rows on one timeline.

  • Who funds AMERICAN ONLINE GIVING FOUNDATION INC ↗
  • Who funds MEDICAL DEBT RESOLUTION INC ↗
  • Who funds GREATER DES MOINES HABITAT FOR HUMANITY INC ↗
  • Who funds Freefrom ↗
  • Who funds NATIONAL INSTITUTE OF MINORITY ECONOMIC DEVELOPMENT ↗
  • Who funds CHARITIES AID FOUNDATION AMERICA ↗
  • Who funds DES MOINES METRO OPERA INC ↗
  • Who funds THE ARC MINNESOTA INC ↗
  • Who funds BUILD FROM WITHIN ALLIANCE ↗
  • Who funds CAPITAL AREA ASSET BUILDING CORPORATION ↗

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 FoundationAlly Charitable Found…Target FoundationUnited Way of Greater…Foundation for the Ca…Ewing Marion Kauffman…Truist Foundation IncMeredith Corporation …The Ford FoundationDuke Energy FoundationMerancas Foundation I…The Kresge Foundation
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.

On method. Every financial figure here is read from IRS e-file XML, the funder’s own 990/990-PF, and from the multi-year returns of the 151 grantees we resolved, each linked to its source. Grantee outcomes are each organization’s own program-service reporting (Form 990, Part III), read as association with funding, never as caused by it. Low-confidence name matches are suppressed rather than guessed. How we build these →

How this is measured
Each figure carries one of six labels. Filed is what the funder reported on its return. Official is another government record about an organization, such as a federal award or a charity register, joined by name where no shared identifier exists. Resolved is an identity we worked out where the filing named a recipient without an EIN, kept only above a measured confidence threshold. Computed is arithmetic over those, like themes, portfolio clusters and co-funder strength. Context is a statistic about a place rather than about an organization, which is what the need overlay is: it describes the area a grantee’s address sits in, not where its work lands. Inferred is drawn by a model from text, like the partnerships read out of public news and organization websites. Each is labeled where it appears.

Generated from the IRS Form 990-PF e-file return for fiscal year 2023, released 2023. Filings run roughly 12 to 24 months behind; figures are dated accordingly.

Possibly out of date. A more recent filing (FY2024) is on record and reports $13M of grant expense with no grantee named in the published copy. A private foundation itemizes every grant it makes, so a return carrying none has filed its list as an attachment that the public copy does not include. The figures above are therefore from FY2023, the most recent year this funder’s grantee list reached the public record.

Source object · view filing

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