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The Real Economic Impact of Golf

By Nikhil Hutheesing - 2013-07-26T21:13:08Z

Photograph by Bill O'Leary/The Washington Post via Getty Images

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Golfing for a Cause

Tiger Woods’s World Challenge golf tournament, to be held in December at the Sherwood Country Club in Thousand Oaks, California, has not yet announced a 2013 sponsor. In the past, when companies such as Chevron sponsored the tournament, the proceeds were used for education and college scholarships. In many tournaments around the country, golfers pay fees to play in fundraising tournaments, and the net proceeds are passed on to the charity. In 2011, about 143,000 events were attended by 12 million people and generated $3.9 billion, according to the National Golf Foundation.

Money Raised for Charity: $3.9 billion

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