Charitable Giving
Charitable golf events hosted at golf facilities in Colorado serve as important fundraisers for many state and local charitable organizations. A national study by NGF in 2017 showed the average amount raised at a charitable golf event was just over $26,000. Based on the 2020 survey, it is estimated that Colorado golf facilities hosted 1,959 charitable events (84 percent of facilities) with an average of 96 participants at each event. Among the more newsworthy events in Colorado in 2019:
The Jack A. Vickers Invitational was an annual event for the Boys & Girls Clubs of Metro Denver raising more than $6.5 million for the charity from 2008 through 2016. [14]
The Links for Lungs charity event held its second annual tournament in August 2019 at Arrowhead GC. Since its inception in 2018, Links for Lungs has hosted over 400 golfers and raised over $300,000 for Lung Cancer Research[15]
The Cancer League of Colorado’s annual golf tournament held at Colorado Golf Club in Parker, Colorado with 120 players, 17 corporate sponsors and raised $62,000[16]
The Children’s Miracle Network Golf Tournament held at Riverdale Dunes GC in Brighton that raised over $50,000[17]
Approach
What is measured
Charitable giving captures both the in-kind contributions and the net proceeds resulting from charitable golf events that are hosted by Colorado golf facilities.
How it’s measured
The charitable giving estimate draws on the National Golf Foundation’s 2017 charitable giving survey. The national study of charitable giving is based on the number of golf facilities that hold charitable golf events, the average number of events held by each facility, and the net proceeds raised. The survey of Colorado golf facilities in 2020 shows that approximately 84 percent of Colorado golf facilities reported hosting a charitable golf event and the average number of charitable events held each year was 11 events. A national study by NGF in 2017 showed the average amount raised at a charitable golf event was just over $26,000 in net proceeds per event for charitable and nonprofit organizations for private and premium public facilities, with value and standard fee public courses generating about $10,000 per event ($5,000 for 9-hole courses).
[14] https://linksforlungs.com/
[15] http://cancerleague.org/events/2020-golf-tournament
[16] https://childrenscoloradofoundation.childrensmiraclenetworkhospitals.org/marriott-golf-tournament-raises-over-50000-for-childrens-hospital-colorado/
[17] https://www.bgcmd.org/events/boys-girls-clubs-invitational/