PGA Tour Sets Another Record in 2008, But Anticipates Challenges in 2009 Amid Economy

PGA Tour

The PGA Tour announced yesterday that the organization and its tournaments on the PGA TOUR, Champions Tour and Nationwide Tour collectively generated another record amount for charity in 2008, with a total of $124 million.
This brings the TOUR’s all-time charity total to nearly $1.38 billion.

PGA Tour Commissioner Tim Finchem: “Even as the economic conditions worsened, our tournaments did a terrific job of generating revenue to achieve another record year for charitable giving. We are extremely proud of the job each of these tournaments has done under particularly trying economic circumstances.”

Impact of Current Economy: Finchem acknowledged that it will be particularly challenging for tournaments to match the charity levels achieved in 2008 until there is a clear turnaround in the economy. While the overall charity total likely will decline this year, Finchem noted the continued efforts of the more than 100 tournaments on all three Tours still will result in significant support of worthy causes throughout the country.

A Word to Players: Finchem also has asked players to become more aware of what individual tournaments are doing for their local charities and to look for opportunities to emphasize and support these efforts.
Finchem: “The work they do truly is remarkable and too often is underappreciated on a broad, national scale. We plan to refocus our efforts to tell the stories of how they are changing people’s lives, as well as position ourselves for future growth when the economy improves” (PGA Tour).