DES MOINES, IA
Principal Financial Group Foundation Inc.
Quick Facts
- EIN
- 421312301
- Location
- DES MOINES, IA
- Category
- General
- Total Assets
- $204.1M
- Annual Income
- $7.7M
- IRS Ruling Year
- 1988
- Organization Type
- Corporation
- Tax Deductibility
- Contributions are deductible
About This Foundation
Principal Financial Group Foundation Inc. is a private corporation based in DES MOINES, IA. The foundation received its IRS ruling in 1988. It holds total assets of $204.1M. Annual income is reported at $7.7M. Contributions to this foundation are tax-deductible.
View 990 FilingsFinancial Overview
Total Giving
$17.6M
2023-0%
Total Assets
$189.6M
2023-9%
Fair Market Value
$200.4M
2023
Net Worth
$189.4M
2023
Grants Paid
$15M
2023
Contributions
$0
2023
Net Investment Income
$8.1M
2023
Distribution Amount
$9.5M
2023
Total Giving by Year
$5.2M
11$8.3M
12$6.3M
13$8.2M
14$7.6M
15$10.6M
19$9.6M
20$12.2M
21$17.7M
22$17.6M
23Asset Growth
$66.2M
11$127.8M
12$132.6M
13$134.3M
14$126.7M
15$199.7M
19$206.3M
20$217.7M
21$207.8M
22$189.6M
23Investment Portfolio (2023)
Total: $0
Other Investments: $186.8M
Cash: $2.6M
Other Investments (99%)
Cash (1%)
Expense Breakdown (2023)
Grants Paid$15M
Officer Compensation$88K
Travel & Conferences$62K
Accounting Fees$35K
Revenue Sources (2023)
- Dividends
- $7.8M
- Interest
- $316K
- Other Income
- $7K
Financial Details (2023)
- Total Revenue
- $8.2M
- Total Expenses
- $17.6M
- Exempt Purpose Expenses
- $17.4M
- Required Distribution
- $9.5M
- Undistributed Income
- $0
- Grants Approved (Future)
- $710K
- Total Liabilities
- $186K
- Excise Tax
- $112K
Foundation Classification (2023)
Operating FoundationGrants to IndividualsNon-Charity GrantsLobbying ActivityExcess Business Holdings
Grantmaking Insights
Total Grants
6
Total Giving
$68.5M
Average Grant
$11.4M
Median Grant
$10.4M
Total Giving by Year
$17.2M (2 grants)
20$20.8M (2 grants)
21$15.4M (1 grants)
22$15M (1 grants)
23Grant Range
Min$8.6M
Max$15.4M
Median: $10.4M
Smallest grantLargest grant
Openness to New Grantees (2023)
0%
of 2023 grantees were first-time recipients
Geographic Distribution of Grants
AK
ME
VT
NH
WA
ID
MT
ND
MN
WI
MI
NY
MA
CT
RI
OR
NV
WY
SD
IA
IA: $68.5M (6)
IL
IN
OH
PA
NJ
CA
UT
CO
NE
MO
KY
WV
VA
MD
DE
DC
AZ
NM
KS
AR
TN
NC
SC
OK
LA
MS
AL
GA
FL
HI
TX
IA$68.5M (6)
Past Grantees
| Recipient | Location | Amount | Year |
|---|---|---|---|
| See Schedule FVarious | Various, IA | $15M | 2023 |
| See Schedule FVarious | Various, IA | $15.4M | 2022 |
| See Schedule FVarious | Various, IA | $10.4M | 2021 |
| See Schedule FVarious | Various, IA | $10.4M | 2021 |
| See Schedule FVarious | Various, IA | $8.6M | 2020 |
| See Schedule FVarious | Various, IA | $8.6M | 2020 |
990-PF Filings
| Tax Period | Return Type | View |
|---|---|---|
| 2023-12 | 990PF | View Filing |
| 2022-12 | 990PF | View Filing |
| 2021-12 | 990PF | View Filing |
| 2020-12 | 990PF | View Filing |
Filings sourced from IRS e-file index. View all on ProPublica