The Women's PGA Championship is an annual golf competition held in June, and is conducted by the Professional Golfers Association of America (PGA). The event was established in 1955, and is one of the five women's major championships played each year; the others are the ANA Inspiration, the U.S. Women's Open, the Women's British Open, and the Evian Championship. This event has always been conducted in stroke play competition, and is always the second women's major of the year. The first year was played with three rounds of stroke play and a final round of match play to determine the final places (36 holes for the championship, 18 holes for other matches) in order to distribute prize money. The trophy, formally known as the "LPGA Championship Trophy" is presented to the champion every year,