The
Principal Financial Group Foundation, Inc. Announces $2
Million in Disaster Relief Contributions
Aid Earmarked for Those Impacted by Tuesday's
Tragic Events
DES MOINES, IA—The Principal Financial
Groupâ announces that its charitable giving organization,
The Principal Financial Group Foundation, Inc., is awarding
up to $2 million in contributions to disaster relief efforts
in New York, Washington, D.C. and Pennsylvania.
"Words cannot describe the sadness and
shock we feel in the wake of Tuesday's devastating tragedy," said
J. Barry Griswell, President and CEO, the Principal Financial
Group. "Our thoughts and prayers are with the family
and friends of those lost. We are dedicated to helping
those impacted by these horrific events and honoring those
among
our customers." The Principal Financial Group Foundation, Inc.
is making several contributions to assist in relief operations:
- $500,000
to the American Red Cross Disaster Relief Fund for disaster
relief services
- $500,000
to the new York City Public/Private Initiatives, Inc. for
the police, fire, EMS and city employees and their families
who've been impacted by the disaster at the World Trade
Center
- $500,000
to the September 11th Fund, which is a joint
effort between the United Way and the New York Community
Trust. Of this contribution, $250,000 is designated for
mental health services in the New York area and the remaining
$250,000 is designated to fund services for our customers
and their families who are victims of the disaster
- Up to
$500,000 in matching funds for employee contributions to
the three funds, the American Red Cross Disaster Relief
Fund, the New York City Public/Private Initiatives, Inc.
(NYCPPI) fund and the September 11th fund.
"Employees
across the globe began asking immediately what they and the
company could do to provide aid after Tuesday's disasters," said
Libby Jacobs, assistant director, The Principal. "We've
combined their ideas with recommendations from emergency
services officials in determining where to send contributions.
Our employees always show tremendous compassion during difficult
times. We're seeing that same display of caring during this
crisis."
In addition
to the disaster relief contributions, The Principal has set
up a special hotline for customers directly affected by Tuesday's
events. Customers may call 1-877-540-9550. Customer service
representatives are available 8am - 10pm Eastern Time, Monday
through Friday and 9am - 2 pm Eastern Time, Saturday.
The Principal
Financial Group Foundation, Inc. was formed in 1987 to help
strengthen communities in which the Principal Financial Group
has a major employee presence.
About
the Principal Financial Group…
The Principal
Financial Group (www.principal.com)
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 mortgage banking through its diverse family
of financial services companies. More employers choose the
Principal Financial Group for their 401(k) plans than any
other bank, mutual fund, or insurance company in the United
States. Its flagship and largest member, Principal Life Insurance
Company (The Principal ®), was founded in 1879.
A member of the Fortune 500, the Principal Financial Group
has $116.9 billion in assets under management and
serves some 13 million customers worldwide from offices in
Asia, Australia, Europe, Latin America and the United States.
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