Pebble Beach Concours d'Elegance Charity Donations Top $20 Million Mark

Company press release.

Tradition of Charitable Giving Extends to 65th Year

PEBBLE BEACH, Calif. (August 14, 2015) -- Continuing a tradition that now extends 65 years, the top collector cars in the world will make their way onto the show field of the Pebble Beach Concours d'Elegance this Sunday. At the same time, the event will raise a substantial amount of money to help people in need.

At an appreciation reception on Thursday at Pebble Beach Resorts, Pebble Beach Company CEO William L. Perocchi and Concours Chairman Sandra Button jointly announced that charitable donations raised since the Concours began now exceed $20 million -- a milestone for the event that dates back to 1950.

'I continue to be inspired by the generosity of the collector car community,' said Button. 'Entrants bring their automotive treasures here to share with others, judges bring their expertise, sponsors often debut new cars and provide items for opportunity drawings -- and, together, we are able to make a solid contribution to better the lives of others.'

This year's event is currently on track to raise close to $2 million. Through its primary charitable partner, the Pebble Beach Company Foundation, grants are distributed to 100 local nonprofit educational programs impacting the lives of more than 10,000 children in Monterey County. Perocchi stressed that most of the charitable donations raised by the Concours are put to use in the local community, where the funds can help address issues like poverty, hunger and literacy.

'It is easy to see the affluence of this area, but we cannot overlook the many needs in this county,' Perocchi said. 'It's because of the generosity of our donors and charity partners that we can significantly impact the lives of Monterey County residents. The money raised during this event, and in turn distributed to our community partners, helps those in need.'

Celebrating its 40th anniversary this year, the Pebble Beach Company Foundation was created in 1975 with a mission to provide youth with the building blocks of success, starting with literacy and education. In keeping with this focus, the Foundation also works with the Concours to oversee a scholarship program created to honor racing great Phil Hill and encourage the next generation of automotive enthusiasts.