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The Principal Financial Group Foundation, Inc. Awards Grants in Indianapolis Area; Funds Will Support Local Art and Culture Programs

Published 12-21-05

Submitted by Principal Financial Group, Inc.

INDIANAPOLIS--(BUSINESS WIRE)--Dec. 21, 2005--The Principal Financial Group Foundation Inc., in support of community needs in the Indianapolis area, provided grants totaling $9,500 during the third quarter to local art and culture organizations.

"By supporting art-related educational and cultural outreach programs, The Principal is able to bring a variety of diverse cultural elements to communities where they may otherwise not be available," said Libby Jacobs, community relations director, the Principal Financial Group(R). "Providing these funds to organizations across the nation, ultimately improves the communities where our employees live and work."

Organizations benefiting from the grants include:

-- The Children's Museum of Indianapolis - This grant will
provide general operating support for the Neighbors' StarPoint
Program.

-- Eiteljorg Museum of American Indians and Western Art- This
grant will support the "Artist in Residence Program."

-- Indianapolis Art Center - This grant will help support the
ArtReach program.

-- Indianapolis Symphony Orchestra - This grant will support the
Young People's Discovery Concert, which engages middle school
students in an interactive, musical program.

These grants were provided as part of the quarterly charitable grants program of the Principal Financial Group and the Principal Financial Group Foundation. The third quarter grant cycle focuses on art and culture programs offered by a variety of not-for-profit organizations in targeted communities.

The Principal Financial Group and the Principal Financial Group Foundation awarded a total of $623,050.00 in grants during the third quarter to communities where The Principal(R) has a significant employee presence, including Cedar Falls, Des Moines, Mason City, Ottumwa, Iowa; Grand Island, Neb.; Phoenix/Tucson, Ariz.; Spokane, Wash.; and Wilmington, Del. For a full list of 2005 grant recipients, visit www.principal.com/about/giving.

About the Principal Financial Group Foundation

The Principal Financial Group Foundation provides grants on a quarterly basis in the following categories: Health and Human Services (first quarter); Education (second quarter); Arts and Culture (third quarter); and Recreation and Tourism (fourth quarter). The Principal Financial Group Foundation, Inc. was formed in 1987 to help support communities in which the Principal Financial Group has a major employee presence. For more information about the Foundation grants program, visit www.principal.com.

About the Principal Financial Group

The Principal Financial Group(R) (The Principal (R))(1) is a leader in offering businesses, individuals and institutional clients a wide range of financial products and services, including retirement and investment services, life and health insurance, and banking through its diverse family of financial services companies. A member of the Fortune 500, the Principal Financial Group has $188.4 billion in assets under management(2) and serves some 15.3 million customers worldwide from offices in Asia, Australia, Europe, Latin America and the United States. Principal Financial Group, Inc. is traded on the New York Stock Exchange under the ticker symbol PFG. For more information, visit www.principal.com.

(1) "The Principal Financial Group" and "The Principal" are registered service marks of Principal Financial Services, Inc., a member of the Principal Financial Group.

(2) As of September 30, 2005

Copyright Business Wire 2005

Principal Financial Group, Inc. logo

Principal Financial Group, Inc.

Principal Financial Group, Inc.

Principal (Nasdaq: PFG) helps people and companies around the world build, protect and advance their financial well-being through retirement, insurance and asset management solutions that fit their lives. Our employees are passionate about helping clients of all income and portfolio sizes achieve their goals – offering innovative ideas, investment expertise and real-life solutions to make financial progress possible. To find out more, visit us at principal.com.

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