Released on : November 14, 2002
Golf Is Responsible For Generating More Than 3.2 Billion Annually
St. Augustine, FL — A report commissioned by GOLF 20/20, the golf industry’s initiative to grow the game over the next 20 years, reveals that golf, as a fundraising vehicle, is a catalyst for raising more than three billion dollars for charity each year in the United States.
The study was conducted by the National Golf Foundation (NGF), and involved interviews with more than 1000 golf facilities. Once detailed information was collected from the facilities, follow up interviews were conducted with more than 400 charities. An Executive Summary of the report was made available today to the attendees at the GOLF 20/20 Annual Conference in St. Augustine, FL, and will be available in its entirety in early December on www.golf2020.com.
The report concludes that there are some 140,000 fundraising golf events held in the U.S. each year, with a total of more than 15,000,000 participants. The revenue generated for charity from these events exceeds $2.9 billion. In addition, golf facilities across the country provide discounted fees, services and staff time for these events that collectively amounts to nearly $250 million. And the total raised by professional golf events in 2001 was estimated at $75 million.
“We expected the number to be significant, but this result is truly remarkable,” said Ruffin Beckwith, Executive Director of GOLF 20/20. “I think it’s safe to say that no other sport, perhaps no other activity, impacts as many people in the U.S. through contributions to charity as does the game of golf.”
About GOLF 20/20: Vision for the Future:
GOLF 20/20 is an initiative of the World Golf Foundation, a not-for-profit that also oversees the World Golf Hall of Fame, The First Tee, and the National Minority Golf Foundation. It receives support from individuals, associations, and corporations, both in the U.S. and abroad.