The 2014 PGA TOUR Valspar Championship presented by BB&T generated $1.6 million for Tampa Bay area charities, an increase of nearly 50% from the previous year’s tournament.

The Valspar Championship will be sponsoring the Million Dollar Hole In One Challenge presented by 3M that will put a group of area golfers one swing away from $1 million during tournament week.

The Astellas Presents Executive Women’s Day at the Valspar Championship is set for Monday, March 10. The day-long event will bring together influential women from the Tampa Bay area to engage in topics focused on personal and professional development.

The Valspar Corporation (NYSE: VAL), a global leader in the paint and coatings industry, and the PGA TOUR today announced a four-year agreement for Valspar to become the title sponsor of the Tampa Bay area’s professional golf tournament on the PGA TOUR.