The Principal Charity Classic Tees Up for Another Round
The Principal Financial Group renews tournament sponsorship for 2011-12
January 13, 2010 (Des Moines, IA) - The Principal Financial Group® has extended its agreement to remain the title sponsor of The Principal Charity Classic, keeping a world-class Champions Tour golf tournament in Des Moines through 2012.
"Our decision to renew this sponsorship reaffirms our ongoing commitment to the greater Des Moines community," said Larry Zimpleman, chairman, president and CEO, The Principal®. "With the help of our employees, volunteers, community partners, and sponsoring businesses, we look forward to taking this charitable event to new levels. We're proud and excited to keep this top golf event in Des Moines through 2012."
The Principal Charity Classic, the only Champions Tour event in Iowa, was recognized nationally as the Tour's "Best Event" in 2009, based on attendance records, community support and charitable impact. In its first three years, the tournament distributed nearly $1.7 million to five "FORE Our Kids" charities in Iowa, funding efforts that have benefited thousands of children across the state.
"This tournament is about more than golf," said Mary O'Keefe, chair of The Principal Charity Classic Board. "It's a chance for families, golf fans and young professionals alike to experience all that Des Moines has to offer. Most importantly, it's a chance to give back."
"It's been a privilege to partner with The Principal over the past four years," said Mike Stevens, president, Champions Tour. "It's a great opportunity for our players to continue to bring such high caliber golf to Iowa fans."
The 2010 tournament will be held May 31-June 6. For more information on the charities and the tournament, visit www.principalcharityclassic.com.
About The Principal Charity Classic
The Principal Charity Classic is an annual Champions Tour event at Glen Oaks Country Club in West Des Moines, Iowa.
The Greater Des Moines Community Foundation plays host to the event, which is focused on philanthropic giving for designated "FORE Our Kids" charities: Blank Children's Hospital, Bravo Greater Des Moines, the Community Foundation of Greater Des Moines, United Way of Central Iowa and Variety-The Children's Charity.
About the Principal Financial Group
The Principal Financial Group® (The Principal®) 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 banking through its diverse family of financial services companies. A member of the Fortune 500, the Principal Financial Group has $280.4 billion in assets under management and serves some 18.6 million customers worldwide from offices in Asia, Australia, Europe, Latin America and the United States. Principal Financial Group, Inc. is traded on the New York Stock Exchange under the ticker symbol PFG. For more information, visit www.principal.com.
About the Champions Tour
Collectively, the Champions Tour has the most recognizable and accomplished players in the game with 16 World Golf Hall of Fame members actively competing in its events and numerous other major championship winners among its members. The Champions Tour is a tax-exempt membership organization of professional golfers age 50 and older. Conceived in 1980 as the Senior PGA Tour, it started with just four events and purses totaling $475,000. The Champions Tour will conduct 26 official Charles Schwab Cup events in 2010 offering $51.5 million in official prize money, with the average tournament purse of $1.98 million. The Champions Tour's primary purpose is to provide significant competitive and earnings opportunities for its members, to protect the integrity of the game; and to help grow the reach of the game in the U.S. and around the world. In addition to providing competitive opportunities for its membership, Champions Tour events generate significant sums of money for charity. The Commissioner of the PGA TOUR is Tim Finchem. Mike Stevens is President of the Champions Tour. TOUR headquarters is in Ponte Vedra Beach, Florida. The web site address is PGATOUR.com.