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As the Official Investment Firm of the PGA TOUR and Champions Tour, Charles Schwab provides retirement plan services to the players and staff, investment services to the Tour players and their families, and is committed to the promotion and support of professional golf.
The PGA TOUR and its tournaments have generated significant sums of money for charity. Since 1938, the TOUR has generated $1.8 billion for charities by donating 100 percent of the net proceeds from nearly all of the 100-plus tournaments across its three Tours, including a record $124 million for charities in 2008.
Charles Schwab Cup
The Charles Schwab Cup is an exciting season-long points competition launched in 2001 to determine the Champions Tour's leading player. In 2010, Bernard Langer won the Charles Schwab Cup.
The program rewards both consistency and top-10 finishes week-in and week-out. Points are awarded to the top-10 finishers and ties in all official tournaments and are based on the money list for each tournament, with every $1,000 earned being the equivalent of one Charles Schwab Cup point.
Points are doubled at the Champions Tour's five major championships and to the entire player field at the season-ending Charles Schwab Cup Championship in November. The winner of the Charles Schwab Cup will be the player who has accumulated the most points throughout the season.
Charles Schwab Cup Championship
A tournament champion and the season-long Charles Schwab Cup winner are both crowned at the final Champions Tour event of the year. The 2010 Charles Schwab Cup Championship was held on Nov. 1-7 at Harding Park Golf Course in San Francisco, CA. John Cook won for the second straight year.
The 21-year event was held in Sonoma the previous seven years and, during that time, has contributed more than $400,000 to area nonprofit organizations, bringing the tournament's culmulative giving to $1.8 million.
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