Is he? …yes, he is ,,,,,every time
Turned on the quickly sinking woke PGA Saturday for a few minutes to see what is going on.
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Thin crowds again
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Announcers continue abandoning their usual stoic waspy golf speak for fake lively banter.
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Leader Board:
Kim
Huh
Wu
Im
Aphibarnrat
who tf?
Let's Stop Pretending That the PGA Tour Is a Charity
https://www.realclearmarkets.com/articles/2021/12/22/lets_stop_pretending_that_the_pga_tour_is_a_charity_808930.html#!
"The PGA 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."
"Given the huge tax breaks it receives as a non-profit corporation registered with the IRS, it is completely fair to ask how the PGA Tour is spending its money - and how much of that money is actually going to philanthropic causes."
"The bulk of the PGA Tour’s money does not appear to be going to charity, despite the fact that the organization promotes its charitable giving as “a centerpiece of its golf events, tournament telecasts and website"
"The PGA Tour has been spending the lion’s share of its money on things like lobbying, executive compensation, administrative costs and promotion"
"The Tour only made direct charitable contributions of $42.7 million in 2018, which is a paltry 3% of their $1.47 billion in revenue..Most of the PGA Tour’s charitable contributions are actually raised and dispersed by local non-profit organizations."