Charity Fundraising
The PGA Tour places a strong emphasis on charity fundraising, usually on behalf of local charities in cities where events are staged. With the exception of a few older events, PGA Tour rules require all Tour events to be non-profit; the Tour itself is also a non-profit company. In 2005, it started a campaign to push its all-time fundraising tally past one billion dollars ("Drive to a Billion"), and it reached that mark one week before the end of the season. However, monies raised for charities derive from the tournaments' positive revenues (if any), and not any actual monetary donation from the PGA Tour, whose purse monies and expenses are guaranteed. The number of charities which receive benefits from PGA Tour, Champions Tour and Nationwide Tour events is estimated at over 2,000. In 2009, the total raised for charity was some $108 million.
Read more about this topic: PGA Tour
Famous quotes containing the word charity:
“How much methinks, I could despise this man,
But that I am bound in charity against it.”
—William Shakespeare (1564–1616)