Masters Tournament Foundation Donations Drop 37% to $4.3 Million
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Donations to the Masters Tournament Foundation slumped 37 percent in 2012 as benefactors didn’t make follow-up gifts to the charity created by the private club that hosts the first of golf’s four annual major tournaments.
The foundation’s donations dropped to $4.3 million in the 2012 tax year from $6.8 million in 2011, its first year of operation, according to tax records. Augusta National Golf Club, the home of the Masters, gave $3.2 million, the single biggest gift and a $300,000 increase from a year earlier.