Who Knew? No one.
As the media heated up before the Masters golf tournament, a Wall Street Journal piece noted that the PGA Tour is a non-profit organization “that turns over its excess cash to charity.” Last year, this amounted to $130 million, which is big money for any philanthropy. For comparison, total prize money for the 2013 PGA Tour season is $298 million. I re-read the “excess cash” sentence about four times. The sport of rich white men, awash in corporate sponsorships, is giving big chunks of the money to those less fortunate. Who knew? Not me, or any of my friends who are deep into golf. I bet a...
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