Principal is a firm that provides investment management, insurance, fiduciary trustee, administrative support, and third party administration to nonprofit clients. They primarily provide their services regionally, with most clients in New York (although they are present in other states as well).
Most Principal clients are health and welfare funds, hospitals, grantmaking foundations, direct life, health, and medical insurance carriers, colleges, universities, and professional schools, and trade associations with revenues ranging from $17 million to $735 million.
| Name | Type | Location | |||
|---|---|---|---|---|---|
| 1 | Healthcare Information and Management Systems Society (HIMSS) | 501(c)(6) | Chicago, IL | ||
| 2 | Group Health Plan | 501(c)(3) | Minneapolis, MN | ||
| 3 | Point Park University | 501(c)(3) | Pittsburgh, PA | ||
| 4 | La Rabida Children's Hospital | 501(c)(3) | Chicago, IL | ||
| 5 | Covenant HealthCare | 501(c)(3) | Saginaw, MI | ||
| 6 | Adec | 501(c)(3) | Bristol, IN | ||
| 7 | Triad Foundation | 501(c)(3) | Ithaca, NY | ||
| 8 | Florida Court Clerks and Comptrollers | 501(c)(6) | Tallahassee, FL | ||
| 9 | Servicios de La Raza | 501(c)(3) | Denver, CO | ||
| 10 | New Mexico Legal Aid (NMLA) | 501(c)(3) | Albuquerque, NM | ||
| ... | and 13 more Principal not-for-profit tax-exempt clients identified by Cause IQ | ||||
Competitors to Principal in the nonprofit sector include Transamerica, Anthem Blue Cross Blue Shield, Blue Cross Blue Shield Of Alabama, Minnesota Life Insurance Company, Massachusetts Mutual Life Insurance Co., Principal Financial Group, Ubs Financial Services Inc, Axa Equitable Life Insurance, Cigna Healthcare, and Blue Cross Blue Shield Of Kansas.
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