Best Buy Charity Classic Raises $2 Million for Second Consecutive Year; Pro-am Golf Tourney Proceeds Will Support Youth Groups Across U.S.Business Editors MINNEAPOLIS--(BUSINESS WIRE)--July 27, 2001 Best Buy announced today that the Eighth Annual Best Buy Charity Classic raised $2 million in net proceeds Net Proceeds The amount received after all costs are deducted from the sale of a piece of property or security. Notes: In the case of an investor selling a security, net proceeds represent the proceeds from the sale minus any trading costs (i.e. commissions). for the Best Buy Children's Foundation. The amount matches the event's fundraising record set in 2000 and upholds the Best Buy Charity Classic's ranking as one of the most successful pro-am golf tournaments in the country. This year's Best Buy Charity Classic took place on Tuesday, July 24 at Majestic Oaks Golf Club in Ham Lake, Minn., and involved 64 members of the Ladies Professional Golf Association (LPGA LPGA abbr. Ladies Professional Golf Association ). The Best Buy Charity Classic raised the $2 million through sponsorship of amateur golf foursomes, a dinner gala and silent auction, and an additional day of golf with Minnesota course pros at The Wilds Golf Club in Prior Lake, Minn. The Best Buy Charity Classic was created to serve as the primary fundraiser for the Best Buy Children's Foundation, an organization that awards grants to non-profit youth development programs across the country. Junior Achievement, Big Brothers Big Sisters, the YMCA YMCA in full Young Men's Christian Association Nonsectarian, nonpolitical Christian lay movement that aims to develop high standards of Christian character among its members. and Boys & Girls Clubs of America are just a few of the organizations that receive funding from the Best Buy Children's Foundation. The Foundation has awarded more than $6 million in grants since 1994. About Best Buy Co., Inc. Minneapolis-based Best Buy Co., Inc. (NYSE NYSE See: New York Stock Exchange :BBY BBY Best Buy (stock symbol) BBY Before Battle of Yavin (Star Wars) BBY BeBeyond (Chinese online community) ) is the nation's number one specialty retailer of consumer electronics, personal computers, entertainment software and appliances. The Company operates retail stores and commercial web sites under the names: Best Buy (BestBuy.com), Magnolia Hi-Fi (MagnoliaHiFi.com), Media Play (MediaPlay.com), On Cue (OnCue.com), Sam Goody Sam Goody is a music and entertainment retailer in the United States and formerly in the United Kingdom. It is owned and operated by Musicland, which itself is owned by former rival Trans World Entertainment which also runs Suncoast Motion Picture Company and, until January 2006, (SamGoody.com), and Suncoast (Suncoast.com). The Company reaches consumers through more than 1,800 retail stores nationwide, in Puerto Rico and in the U.S. Virgin Islands. |
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