- Associated Press - Thursday, June 12, 2014

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.