Children's Bureau and KTLA Charities Honored KB Home Chairman and CEO Bruce Karatz at 23rd Annual President's Invitational Golf Tournament LOS ANGELES, June 1 /PRNewswire/ -- Children's Bureau and KTLA Charities honored KB Home Chairman and CEO Bruce Karatz at the 23rd Annual President's Invitational Golf Tournament held on Monday, May 10 at Lakeside Golf Club in Burbank. The tournament raised a record $440,000 net for Children's Bureau's prevention programs aimed at helping abused and neglected children lead hopeful, productive lives. Monies raised at the event will also benefit KTLA Charities, a fund of the McCormick Tribune Foundation. The tournament was sold out with 148 of Southern California's top business leaders participating in the event at $5,000 a foursome. The tournament also had ten Benefactor Sponsors at $10,000 each that included Bank of America; Bank One; CB Richard Ellis, Inc.; Credit Suisse First Boston; Hancock Park Associates; Houlihan, Lokey, Howard and Zukin, Inc.; Latham & Watkins; Morgan Stanley; Oaktree Capital Management; Occidental Petroleum; PriceWaterhouseCoopers LLP; The Wallis Foundation and Wells Fargo Bank. Tournament Co-Chairs were Randy Bort, Managing Director at The Mercanti Group, LLC, and Rick Welch, Partner at Bingham McCutchen, LLP. Karatz was honored for his generous contribution of time and financial support to the Children's Bureau helping to ensure that their work with at-risk children and their families continues to grow. Under Karatz's guidance, KB Home has become a leading contributor to both national and local children's organizations, donating hundreds of thousands of dollars and thousands of volunteer hours to give children brighter futures. For 100 years, Children's Bureau has been a non-profit leader in the prevention and treatment of child abuse and neglect. Services are provided to more than 7,000 children and families each year throughout Southern California. As a tournament partner, KTLA Charities receive a match from the McCormick Tribune Foundation for each contribution to the fund. KTLA Charities has granted substantial funds (more than $11.4 million since 1992) to non-profit charitable organizations throughout the Los Angeles area. For further information, please contact: Susan Wirth of Children's Bureau, +1-213-639-1560, ext. 203. DATASOURCE: Children's Bureau CONTACT: Susan Wirth of Children's Bureau, +1-213-639-1560, ext. 203

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