Former commissioner Tim Finchem donates $13 million as PGA Tour reshapes its charity strategy
Ten years after he retired as commissioner, Tim Finchem and his wife are donating $13 million to help launch a new charity strategy at a time when so much emphasis in golf is on profit in the new commercial enterprise of the PGA Tour. The tour on Monday revealed plans for PGA Tour Charities ahead of the season-ending Tour Championship, which has a $40 million purse that awards $10 million to the…
Atlanta, Georgia was the location for Tim Finchem's generous $13 million donation to PGA Tour Charities, as announced on Monday. This donation comes as the PGA Tour restructures its charitable efforts in light of the increasing commercial focus within the industry. The PGA Tour Charities initiative aims to generate greater focus, coordination, resources, and visibility for national campaigns with local impact.
A key figure in this initiative is Laura Neal, the executive vice president of PGA Tour Strategic Philanthropy. The Finchems' donation is seen as a significant milestone in the PGA Tour's commitment to giving back, following their previous support for charitable causes, including the creation of The First Tee in 1997.
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