Press Room > Press Release
GOLF CHANNEL PGA TOUR Announce New Program with Stanford Financial Group
1/8/2007
Memphis, TN (January 8, 2007) – Stanford Financial Group is joining with the GOLF CHANNEL and the PGA TOUR on a charitable investment program that provides a donation to St. Jude Children's Research Hospital® for every eagle made on the PGA TOUR in 2007. The Eagles for St. Jude program calls for Stanford to make a donation - in the name of the player - for every eagle made on the TOUR. The program will be promoted throughout the year with updates and weekly donation recaps by the GOLFCHANNEL, the exclusive media partner of Eagles for St. Jude.
Stanford is the new title sponsor of the Stanford St. Jude Championship, set for June 4-10 at TPC Southwind in Memphis. Eagles for St. Jude was developed to expand and highlight the alliance between Stanford and St. Jude and provide an ongoing charitable investment to help the premier pediatric cancer research center find cures and save children from around the world. Stanford, whose brand identity includes an eagle as part of its corporate logo, has named St. Jude as its global charity of choice.
According to R. Allen Stanford, Chairman and CEO of Stanford Financial Group, the program is another way to help the children of St. Jude. "Our tournament is the only one on the PGA TOUR in which the name of the benefiting charity is part of the tournament name. That's because St. Jude is the most important element of the tournament, and as such, we think it's important that it has top billing along with the title sponsor. Eagles for St. Jude is a way for us to provide additional and ongoing recognition for St. Jude as well as increase our charitable donation to this worthy cause. I've seen the results that St. Jude achieves - I've seen the smiles on these children's faces, and it's for these reasons that our company is honored to sponsor this program," said Stanford.
David Manougian, CEO of the GOLF CHANNEL, said the program reminds viewers of the connection between Stanford, St. Jude and the PGA TOUR. "We're delighted to join with Stanford in promoting Eagles for St. Jude. Golfers - both professionals and amateurs - tend to be philanthropic and charitable-minded in their own right. This program reminds us all what's really important, and if the increased exposure and investment to St. Jude helps save even one more precious life, then we can all be proud to be part of it."
"We couldn't be more pleased with what this program will mean to St. Jude," said John P. Moses, CEO of ALSAC, the fundraising organization of St. Jude. "This will bring us consistent and ongoing exposure with the GOLF CHANNEL audience, which, in and of itself, is huge. Combine that with the increased financial donation from Stanford - in honor of the golf professionals who make the eagles - and it's a wonderfully unique and mutually beneficial program. We are deeply grateful for Stanford's commitment to St. Jude and its innovative approach to provide promotional and financial assistance so that we can continue our groundbreaking research and life-saving care," Moses said.
About Stanford
Stanford Financial Group is a privately held, wholly owned global group of financial services companies founded by Lodis B. Stanford in 1932. Stanford's core businesses are private wealth management and investment banking for institutions and emerging growth companies. Stanford provides private and institutional investors with global expertise in asset allocation strategies, investment advisory services, equity research, international private banking and trust administration, commercial banking, investment banking, merchant banking, institutional sales and trading, real estate investment and insurance. Stanford serves clients from 126 countries on six continents. Securities products and services offered through Stanford Group Company, member NASD/SIPC. More information on the company can be found at www.stanfordfinancial.com
About the GOLF CHANNEL
The GOLF CHANNEL (www.GolfChannel.com), co-founded by Arnold Palmer and a subsidiary of Comcast Corporation (NASDAQ: CMCSA, CMSK), is available in more than 100 million homes worldwide through cable, satellite and wireless companies. It features a programming schedule that includes more live golf coverage than any other network – an extensive blend of golf competition from around the world – as well as news, instruction and original productions, such as the popular The Big Break. In addition to being the exclusive television home of the Nationwide Tour, European Tour and Canadian Tour, the GOLF CHANNEL is the exclusive cable home of the Champions Tour and televises other competition from the PGA TOUR, LPGA Tour, USGA, PGA of America, PGA Tour of Australasia and Sunshine Tour of Southern Africa. Beginning in 2007, the GOLF CHANNEL will be the exclusive cable home of the PGA TOUR.
About St. Jude Children's Research Hospital
St. Jude Children's Research Hospital is internationally recognized for its pioneering work in finding cures and saving children with cancer and other catastrophic diseases. Founded by late entertainer Danny Thomas and based in Memphis, Tenn., St. Jude freely shares its discoveries with scientific and medical communities around the world. No family ever pays for treatments not covered by insurance, and families without insurance are never asked to pay. St. Jude is financially supported by ALSAC, its fundraising organization. For more information, please visit www.stjude.org.
About the PGA TOUR
The PGA TOUR is a tax-exempt membership organization of professional golfers. Its primary purpose is to provide competitive earnings opportunities for past, current and future members of the PGA TOUR, Champions Tour and Nationwide Tour; 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 2007, the three Tours will compete in approximately 110 events for approximately $340 million in prize money. Tournaments are being held in six countries outside the U.S. and in 36 states.
In addition to providing competitive opportunities for its membership, TOUR events also generate significant funds for local charities. In fact, the three Tours have surpassed the $1 billion mark in overall charitable contributions. The PGA TOUR's web site address is www.pgatour.com and the company is headquartered in Ponte Vedra Beach, FL.