Press release
Principal® Foundation Invests More Than $30 Million to Help Over 8 Million People Access Greater Financial Security
DES MOINES, Iowa--(BUSINESS WIRE)-- Principal® Foundation, the corporate foundation endowed by Principal Financial Group® (NASDAQ: PFG), exceeded its goal to
About this update from Principal Financial Group Inc
[{"type":"text","content":" DES MOINES, Iowa--(BUSINESS WIRE)--\nPrincipal® Foundation, the corporate foundation endowed by Principal Financial Group® (NASDAQ: PFG), exceeded its goal to invest $30 million over two years to advance financial security. The contributions impact over eight million people around the world by removing barriers and empowering people and communities so they may build financially secure futures.\n\n\nPrincipal Foundation funds a growing network of more than 140 charitable organizations in 25 countries and territories. Through global grantmaking, it supports diverse, small, and mid-sized businesses; community development programs; microfinance initiatives; food and nutrition security; and expanded access to social and cultural institutions, disaster relief, and educational STEM opportunities.\n\n\n“Every day, people around the world face impossible financial decisions. Some struggle with compounding social and economic challenges, while others lack access to resources and education,” said Jo Christine Miles, director, Principal Foundation and Community Relations, Principal. “At Principal Foundation, we believe achieving financial security is a journey and the initiatives we champion support and shape the road ahead. This work is about creating opportunities and delivering resources, so people and communities feel like a better future is achievable.”\n\n\nThe contribution goal was part of a two-year effort to support the corporate responsibility commitments released by Principal to make financial security accessible to more people and businesses. Financial insecurity remains a global challenge. According to the United Nations, 2.5 billion—more than half of the world’s working adults—are excluded from financial services and those effects are felt more acutely among certain groups. Recent data from Principal Global Financial Inclusion Index indicates there is uneven access to financial security across gender and racial demographics, specifically women who feel more excluded from the financial system than men.\n\n\nThrough its grantmaking, Principal Foundation ensures access to essential needs, fosters social and cultural connections, and promotes financial inclusion – areas that are foundational to moving people and communities along the path and closer to a better financial future. Grantees supported by Principal Foundation include:...