Golf Charitable Foundation

DES MOINES, IA EIN: 81-2651226

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

Research compiled by Grantable AI from public sources. Last updated April 2026.

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

1states

States

Cities

AmesAnkenyCliveCoralvilleCouncil BluffsDes MoinesDubuqueEdinasGrimesIndianolaJohnstonMarionMarshalltownMason CityNew ProvidencePanoraRiversideSt CharlesUrbandaleWest Des Moines

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
Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$4M$8M$12M$16M20202021202220232024
Metric202420232022
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

$0$2M$4M$6M$8M70 grants202077 grants202181 grants202279 grants202374 grants2024

Grant Insights

How this funder distributes its grants

Top Recipients

Top 10 recipients in 2024

BLANK CHILDREN'S HOSPITAL$224KDES MOINES METRO OPERA$188KASAP AFTER SCHOOL ARTS P…$138KCAN PLAY$138KCHILDREN'S CANCER CONNEC…$138KHOMES OF OAKRIDGE HUMAN …$138KHOYT SHERMAN PLACE FOUND…$138KIOWA HEALTHIEST STATE IN…$138KIOWA MEDIATION SERVICE INC$138KCULTUREALL INC$135K

Grant Size Distribution

250 grants across all recorded years

38<$50K30$50–100K182$100–250K$250–500K$500K–1M$1–5M$5M+

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include Blank Children's Hospital ($223,750), Des Moines Metro Opera ($187,500), Asap After School Arts Program ($137,500).

RecipientPurposeAmount
ADAPTIVE SPORTS IOWA AMES, IAGENERAL OPERATIONS$126,574
ASAP AFTER SCHOOL ARTS PROGRAM DES MOINES, IAGENERAL OPERATIONS$137,500
AVENUE SCHOLARS IOWA COUNCIL BLUFFS, IAGENERAL OPERATIONS$41,328
BALLET DES MOINES WEST DES MOINES, IAGENERAL OPERATIONS$135,000
BIG BROTHERS BIG SISTERS OF CENTRAL IOWA CLIVE, IAGENERAL OPERATIONS$110,000
BLANK CHILDREN'S HOSPITAL DES MOINES, IAGENERAL OPERATIONS$223,750
BLANK PARK ZOO FOUNDATION DES MOINES, IAGENERAL OPERATIONS$58,985
BOYS & GIRLS CLUB OF CENTRAL IOWA DES MOINES, IAGENERAL OPERATIONS$129,600
BRAVO GREATER DES MOINES DES MOINES, IAGENERAL OPERATIONS$135,000
BUILD LINCOLN HIGHER DES MOINES, IAGENERAL OPERATIONS$108,000

Leadership & Key People

Leadership team and compensation from IRS filings

  • Ken McCullum - Principal Officer

Compensation Overview

From 2024 IRS filing

From 2024 filing

NameTitleHoursCompensation
KRISTI KNOUSVICE-CHAIR AND DIRECTOR1
KEN MCCULLUMCHAIR AND DIRECTOR10
JO CHRISTINE MILESPRESIDENT AND DIRECTOR1
TIFFANY TAUSCHECKSECRETARY AND DIRECTOR1
DAN HOUSTONTREASURER AND DIRECTOR1
EMILY ABBASDIRECTOR1
MATT CARSTENSDIRECTOR1
LINDSAY CHASEDIRECTOR1
MARY COFFINDIRECTOR1
GREG EDWARDSDIRECTOR1
H LYNN HORAKDIRECTOR1
KATHRYN KUNERTDIRECTOR1
MIKE MCCORMICKDIRECTOR1
MIKE MCCOYDIRECTOR1
ROSEMARY PARSONDIRECTOR1
SUKU RADIADIRECTOR1
BRIAN SATHERDIRECTOR1
DAVID STARKDIRECTOR1
ROB TEKOLSTEDIRECTOR1
RICH WILLISDIRECTOR1
BETH WOODDIRECTOR1

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

Frequently Asked Questions

What does Golf Charitable Foundation fund?

**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 profession…

How do I apply for a grant from Golf Charitable Foundation?

The foundation distributes charitable funds through two main programs: **Birdies for Charity Program:** Provides financial support to 501(c)(3) charities benefiting children throughout Iowa. Total funds received through this program reached $6,982,710. **Tournament Charity Partners:** Direct distributions to local charitable organizations selected as tournament partners. Recent grants include: • $70,000 to Iowa PGA Foundation (2023) for General Operations • $100,000 to Des Moines Valley Golf Cl…

Where does Golf Charitable Foundation make grants?

The foundation focuses on central Iowa and the greater Des Moines area, with particular emphasis on supporting charities benefiting children throughout Iowa.

What size grants does Golf Charitable Foundation award?

In 2024, Golf Charitable Foundation awarded 74 grants totaling $8.5M — an average of about $115K per grant, based on its IRS Form 990 filings.

What is Golf Charitable Foundation's EIN?

Golf Charitable Foundation's EIN (Employer Identification Number) is 81-2651226. IRS Form 990 filing data is available on this page for 2020–2024.

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Data last updated June 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.

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