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Funding for The Principal Riverwalk

New cost estimates put the project at approximately $70 million. The Principal Financial Group Foundation, Inc. serves as the primary sponsor, however, other funding sources, both private and public, have pledged support.

The Principal Financial Group Foundation, Inc. contributed funds for the feasibility study and is the leading supporter of The Principal Riverwalk. The Principal Financial Group Foundation, Inc. hopes to be the catalyst for the development of The Principal Riverwalk.

The Principal Financial Group Foundation, Inc.
The Principal Financial Group Foundation, Inc. is a fully endowed foundation whose budget is separate from that of the Principal Financial Group. Legally, contributions made from this foundation cannot be used for business operations, but can only go to non-profit organizations that are designated as a 501(c)3 by the IRS.

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. In 2002, the Principal Financial Group Foundation gave more than $6 million to non-profits throughout the United States, with a significant portion going to entities throughout Iowa.

For more about the Principal Financial Group Foundation, Inc., visit the Community Involvement section of this Web site.

Other funding sources
Other funding sources include: government grants, other businesses, organizations and individuals.

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