The Presidents Cup 2011 generates record charitable donation of $4.5 million
April 11, 2012
MELBOURNE, Victoria, Australia – The PGA TOUR today announced that US$4.5 million, proceeds from The Presidents Cup 2011 and a record-setting amount for this prestigious competition, will be distributed to charitable causes around the world as chosen by the 30 players, captains and captain’s assistants. Since the inception of The Presidents Cup in 1994, more than US$27 million has been raised for charity from event proceeds, as well as contributions made on behalf of The Presidents Cup.
The Presidents Cup, a team match play competition featuring 24 of the world’s top golfers – 12 from the United States and 12 from around the world, excluding Europe – is held every two years, and since 1996 has alternated between United States and international venues. In November, the U.S. Team retained the Cup from the Internationals in one of the most exciting and successful events to date at Royal Melbourne Golf Club in Melbourne, Victoria, Australia.
The Presidents Cup is a unique golf event in that there is no purse or prize money. Players are not personally paid for their participation; instead, each player, captain and captain’s assistant allocates an equal portion of the funds generated to charities of his choice. This year, that portion was US$150,000 per participant. An alphabetical listing of the charities chosen by the players, captains and captain’s assistants is available in the attached document.
In addition to the funds allocated by event participants, The PGA TOUR, on behalf of The Presidents Cup 2011, made donations to the Premier’s Disaster Relief Appeal in Queensland and New Zealand Earthquake disaster relief and will make an additional donation to Victorian-based charities; these additional donations will total US$250,000.
“I’ve said many times during and since The Presidents Cup 2011 that it was the very best in event history, and to set a new record for charitable giving only underscores that fact,” said PGA TOUR Commissioner Tim Finchem. “The Presidents Cup is a special event that showcases players’ pride for their countries and teams. But it’s made even more special when you realize that players are reaching out into their communities and designating funds that benefit others in need. It’s a story we tell often at the PGA TOUR, but one that is exemplified so well through The Presidents Cup.
“In addition to the players, captains and captain’s assistants, I’d like to thank everyone involved in the event – the Victorian government, the welcoming people of Australia, Royal Melbourne Golf Club and its members, the thousands of volunteers, two incredible captains in Fred Couples and Greg Norman, as well as our Global Partners Citi and Rolex – for their work in making The Presidents Cup 2011 such a resounding success and ensuring that even though our time in Australia has come to a close, the impact on deserving charities across the globe will be felt for years to come.”
“Victoria is proud to have welcomed back The Presidents Cup event to Melbourne and our world renowned Royal Melbourne Golf Club, making our sporting capital the only city outside the United States to host the event twice,” said Victorian Premier Ted Baillieu, who served as co-honorary chairman of The Presidents Cup 2011. “During the tournament, the top names in golf hit our famous Sandbelt fairways for this unique team competition that showcases the best in golf and highlights the power of sport to touch millions of lives.”
To follow is a history of charitable contributions from The Presidents Cup proceeds:
1994 – US $750,000
1996 – US $800,000
1998 – US $2.9 million
2000 – US $2.8 million
2003 – US $2.8 million
2005 – US $3.5 million
2007 – US $4.2 million
2009 – US $4.2 million
US $600,000 (additional donations to The First Tee of San Francisco and Victorian Bushfire Appeal)
2011 – US $4.5 million
US $250,000 (additional donations to Queensland flood relief, New Zealand earthquake relief)
Total: US $27.3 million
In November, the U.S. Team captured The Presidents Cup for the seventh time, led by Captain Fred Couples and a 5-0-0 performance by veteran Jim Furyk. Tiger Woods, one of Couples’ two captain’s picks, clinched the Cup for the United States with a 4-and-3 win over Australia’s Aaron Baddeley in Sunday Singles. For Woods, it was the second consecutive time he had scored the winning point at The Presidents Cup, becoming only the second player to accomplish that feat (Couples, 1994, 1996) and the first captain’s pick to do so. Greg Norman’s International Team played well, but was undone by the Foursomes competition. The Internationals were outscored 8-3 in foursomes and eventually lost the Cup by four points (19-15).
The Presidents Cup, a team match play competition featuring 24 of the world’s top golfers – 12 from the United States and 12 from around the world, excluding Europe – is held every two years, and since 1996 has alternated between United States and international venues. The Presidents Cup was developed to give the world’s best non-European players an opportunity to compete in international team match-play competition. The U.S. Team has won seven of the nine previous Presidents Cups, and the only win by the International Team came at the 1998 event in Melbourne. The 2003 Presidents Cup ended in a tie.
Citi and Rolex are the exclusive Global Partners of The Presidents Cup.
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