Submitted by Principal Financial Group, Inc.
"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:
-- Delaware Museum of Natural History - This grant will support the museum's scholarship fund, which allows the museum to send exhibits out to schools where children may not be able to visit the museum.
-- Delaware Theatre Company - This grant will support the theatre company's program for at risk youth.
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.; Indianapolis, Ind.; Phoenix/Tucson, Ariz.; and Spokane, Wash. 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 (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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