Sad to say for the golfers participating this week but they will not be receiving any cash from the Presidents Cup organizers. No prize money will be awarded to the winning or losing team, or even the golfer that gets the most points this week. So what happens to the money that is generated by this prestigious event? Charities have been the main beneficiary of the Presidents Cup with a whopping $38.4 million donated to various institutions since 1994. In fact, a record-breaking $6 million was donated to charitable causes around the world following the 2015 Presidents Cup.
Expect that figure to rise even further with the game of golf now more popular than ever. The 24 golfers competing this week will have a major say on which charities will receive a portion of the funds raised from the event proceeds. Whatever happens, each competitor will go home a winner after this week’s Presidents Cup.
