Stowers Institute to benefit from tournament

Question of the Day

Is it still considered bad form to talk politics during a social gathering?

View results

KANSAS CITY, Mo. (AP) - Proceeds from next months’ American Century Championship celebrity golf tournament in Nevada will go to the Stowers Institute for Medical Research in Kansas City.

American Century Investments says in a release that the designation of the Stowers Institute as the tournament’s national beneficiary is in honor of company founder Jim Stowers, who died in March at age 90.

The tournament is scheduled for July 15-20 at Nevada’s Edgewood Tahoe course. More than 80 athletes and celebrities are expected to participate.

The Stowers Institute is a biomedical research organization established in 1994 by Stowers and his wife, Virginia. More than 40 percent of American Century Investments’ profits are distributed to the institute annually. American Century says total dividend payments since 2000 exceed $1 billion.

Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Comments
blog comments powered by Disqus