If Google is asked which professional sport is the most prolific charitable fundraiser, the internet will respond that golf’s PGA Tour raises more money for charity than any other league. However, even a cursory glance at the Tour’s finances reveals that the Tour’s carefully constructed image as a charitable giving juggernaut is misleading.
The reality is that the PGA Tour, in many key respects, operates like a for-profit business, even as the organization enjoys a major benefit as a federally registered non-profit: protection from hundreds of millions of dollars in federal taxes despite annual revenues approaching $1.5 billion.
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