The Golf Charitable Foundation of Greater Des Moines (also known as The Principal Charity Classic) is a 501(c)(3) public charity located in Des Moines, Iowa. The organization serves as the hosting charity for an annual professional golf tournament while supporting the Community Foundation of Greater Des Moines and charity golf tournaments in central Iowa. The foundation operates as a subordinate organization under the Community Foundation of Greater Des Moines.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$2.6M
+9.1% YoY
Annual Giving
$8.5M
+23.4% YoY
Grant Count
74
-6.3% YoY
Avg Grant Size
$115K
+31.7% YoY
Mission & Focus Areas
Mission: To support the Community Foundation of Greater Des Moines and serve as the host charitable organization for one or more charity golf tournaments in the greater Des Moines area.
The foundation raises funds for Iowa charities primarily through donations and sponsorships. The annual Principal Charity Classic tournament contributes to the economic vitality and quality of life in central Iowa by heightening awareness of selected charitable institutions and providing access to professional-level golf activities.
Grantmaking
The foundation distributes charitable funds through two main programs:
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Geographic Focus
Where this funder awards grants
The foundation focuses on central Iowa and the greater Des Moines area, with particular emphasis on supporting charities benefiting children throughout Iowa.
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
As of 2024:
- Total Assets: $2,579,200
- Total Revenues: $14,614,420
- Total Expenses: $14,618,934
Historical Data:
- Total Assets (prior year): $2,760,577
- Total Giving (cumulative): $10,675,574
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $2,579,200 | $2,364,337 | $1,974,418 |
| Revenue | $14,614,420 | $13,693,555 | $13,955,804 |
| Expenses | $14,618,934 | $13,625,401 | $13,815,122 |
| Qualifying Distributions | — | — | — |
| Net Investment Income | $44,473 | $28,995 | $-49,702 |
| Distributable Amount | — | — | — |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
250 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Leadership team and compensation from IRS filings
- Ken McCullum - Principal Officer
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| KRISTI KNOUS | VICE-CHAIR AND DIRECTOR | 1 | — |
| KEN MCCULLUM | CHAIR AND DIRECTOR | 10 | — |
| JO CHRISTINE MILES | PRESIDENT AND DIRECTOR | 1 | — |
| TIFFANY TAUSCHECK | SECRETARY AND DIRECTOR | 1 | — |
| DAN HOUSTON | TREASURER AND DIRECTOR | 1 | — |
| EMILY ABBAS | DIRECTOR | 1 | — |
| MATT CARSTENS | DIRECTOR | 1 | — |
| LINDSAY CHASE | DIRECTOR | 1 | — |
| MARY COFFIN | DIRECTOR | 1 | — |
| GREG EDWARDS | DIRECTOR | 1 | — |
| H LYNN HORAK | DIRECTOR | 1 | — |
| KATHRYN KUNERT | DIRECTOR | 1 | — |
| MIKE MCCORMICK | DIRECTOR | 1 | — |
| MIKE MCCOY | DIRECTOR | 1 | — |
| ROSEMARY PARSON | DIRECTOR | 1 | — |
| SUKU RADIA | DIRECTOR | 1 | — |
| BRIAN SATHER | DIRECTOR | 1 | — |
| DAVID STARK | DIRECTOR | 1 | — |
| ROB TEKOLSTE | DIRECTOR | 1 | — |
| RICH WILLIS | DIRECTOR | 1 | — |
| BETH WOOD | DIRECTOR | 1 | — |
Recent News & Activity
Recent developments and announcements
The foundation continues to operate the Principal Charity Classic as its primary fundraising vehicle, with the tournament generating significant funds annually from private contributions, sponsorships, and ticket sales that are distributed to local charitable organizations.
Subject Areas
Focus areas based on grantmaking activity
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Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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