Principal Foundation Gives $205,000 to 15 Financial Professionals in Inaugural Community Service Awards

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The Principal Foundation has distributed $205,000 to more than a dozen nonprofit organizations through its inaugural Principal Financial Network Community Service Awards, recognizing 15 members of the network for sustained volunteerism and community impact.

Program Structure and Award Levels

Recipients were placed into three award tiers: the Pillar Award with a $25,000 grant, the Builder Award with $15,000, and the Shaper Award providing $5,000 to a nonprofit chosen by the honoree.

Notable Recipient: Conor Boffeli

Des Moines financial professional Conor Boffeli, a 2023 Business Record Forty Under 40 honoree, earned a Shaper Award and directed his $5,000 contribution to the United Way of Central Iowa.

Did You Know? This award program is the first (“inaugural”) community‑service recognition initiative launched by the Principal Foundation.
Expert Insight: By channeling grants through individual network members, the Principal Foundation leverages local expertise and personal connections to ensure donations go to organizations that already have a proven track record in their communities. This model can amplify impact while reinforcing the foundation’s brand as a catalyst for grassroots leadership.

Frequently Asked Questions

What are the three award tiers and their respective grant amounts?

The Pillar Award provides $25,000, the Builder Award provides $15,000, and the Shaper Award provides $5,000 to the chosen nonprofit.

How many individuals were honored in the 2025 program?

The program recognized 15 members of the Principal Financial Network for their volunteerism and community impact.

Which nonprofit received Conor Boffeli’s Shaper Award donation?

Conor Boffeli directed his $5,000 Shaper Award donation to the United Way of Central Iowa.

How do you think initiatives like this could shape community philanthropy in the years ahead?

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