Pga Tour Inc

TO PROMOTE THE SPORT OF PROFESSIONAL GOLF AND THE COMMON INTERESTS OF TOURING GOLF PROFESSIONALS.

THE PRINCIPAL MISSION OF PGA TOUR, INC. IS THE PROMOTION OF THE SPORT OF PROFESSIONAL GOLF AND THE COMMON INTERESTS OF THE TOURING PROFESSIONAL GOLFER AS WELL AS GROWTH OF THE GAME. THIS IS PRIMARILY ACCOMPLISHED THROUGH MANAGING AND CO-SPONSORING PROFESSIONAL GOLF TOURNAMENTS, SECURING CORPORATE SPONSORSHIP OF TOURNAMENTS AND OTHER PROGRAMS, AND SECURING TELEVISION EXPOSURE FOR ITS PROFESSIONAL GOLF TOURNAMENTS. BY MANAGING AND CO-SPONSORING VARIOUS PROFESSIONAL GOLF TOURNAMENT DIVISIONS (COLLECTIVELY KNOWN AS THE PGA TOUR), PGA TOUR, INC. PROVIDES OPPORTUNITIES FOR THE TOURING PROFESSIONAL GOLFER TO COMPETE AND EARN PRIZE MONEY AND BENEFITS WHILE GROWING THE GAME BY EXPOSING IT TO THE GENERAL PUBLIC THROUGH ATTENDANCE AND TELEVISION VIEWING. IN 2021, THE VARIOUS TOURS COLLECTIVELY HELD 113 TOURNAMENTS. TOTAL PRIZE MONEY AND OTHER PLAYER-RELATED BENEFITS EARNED THROUGH COMPETITION BY PROFESSIONAL GOLFERS ACROSS THE VARIOUS TOURS IN 2021 EXCEEDED $765 MILLION. THESE TOURNAMENTS WERE PLAYED IN AT LEAST 36 U.S. STATES AND 10 DIFFERENT COUNTRIES IN 2021, ALLOWING PEOPLE THROUGHOUT THE WORLD THE OPPORTUNITY TO EXPERIENCE FIRST-HAND THE SPORT OF PROFESSIONAL GOLF. MEMBERS ON THE PGA TOUR REPRESENT THE WORLD'S BEST PLAYERS, HAILING FROM 29 COUNTRIES AND TERRITORIES OUTSIDE OF THE UNITED STATES. PGA TOUR, INC. SECURES TELEVISION COVERAGE FOR ITS TOURNAMENTS THROUGH AGREEMENTS WITH NATIONAL AND INTERNATIONAL BROADCASTERS AND CABLE CHANNELS. INTERNATIONALLY, PGA TOUR COVERAGE IS AVAILABLE ACROSS 200+ COUNTRIES AND TERRITORIES IN 27 LANGUAGES VIA 43 LOCAL BROADCAST PARTNERS, IN ADDITION TO THE DIGITAL STREAMING SERVICE PLATFORM GOLFTV POWERED BY PGA TOUR. IN ADDITION TO TELEVISION COVERAGE, THE PGA TOUR IS EMBRACING DIGITAL MEDIA ACROSS MULTIPLE PLATFORMS, INCLUDING THE PGA TOUR APP AND A SUBSIDIARY'S WEBSITE, PGATOUR.COM, WHICH IS THE NUMBER ONE SITE IN GOLF. THE PGA TOUR CONTINUES TO GROW ITS PRESENCE ON SOCIAL MEDIA PLATFORMS SUCH AS FACEBOOK, INSTAGRAM, TIKTOK, LINKEDIN, TWITTER, WECHAT, WEIBO, TOUTIAO, DOUYIN, AND LINE THROUGH A SUBSIDIARY TO BRING THE PLAYERS CLOSER TO THE GENERAL PUBLIC, VOLUNTEERS, AND SPONSORS. PGA TOUR, INC. AND THE LADIES PROFESSIONAL GOLF ASSOCIATION ("LPGA") MAINTAIN A STRATEGIC ALLIANCE DESIGNED TO FURTHER PROMOTE THE GROWTH OF PROFESSIONAL GOLF INCLUDING AREAS SUCH AS SCHEDULE COORDINATION, JOINT MARKETING, TELEVISION REPRESENTATION, DIGITAL MEDIA, AND THE POSSIBILITY OF FUTURE DEVELOPMENT OF JOINT EVENTS. IN 2021, THE PGA TOUR AND DP WORLD TOUR BEGAN ITS LANDMARK STRATEGIC ALLIANCE, WHICH WILL SEE TWO MAJOR TOURS EXPLORE ALL FACETS OF COLLABORATION TO IMPROVE THE PRESENTATION OF GOLF TO FANS AROUND THE WORLD, AND THE EXPANSION OF THE PATHWAYS FOR GOLFERS AROUND THE WORLD TO REACH THE HIGHEST LEVELS OF THE SPORT. THIS COLLABORATION WILL INCLUDE WORKING IN PARTNERSHIP ON A NUMBER OF AREAS INCLUDING PLAYING OPPORTUNITIES FOR THE RESPECTIVE MEMBERSHIPS, INCLUDING THE CO-SANCTIONING OF THE GENESIS SCOTTISH OPEN, TO APPEAR ON BOTH SCHEDULES, AND PROVIDING ACCESS TO DP WORLD TOUR MEMBERS TO TWO PGA TOUR EVENTS. THE MISSION OF GROWING THE GAME OF GOLF IS ENHANCED THROUGH TELEVISION, CORPORATE SPONSORSHIPS AND THE PROMOTIONAL ACTIVITIES ASSOCIATED WITH PROMOTING THE SPORT OF PROFESSIONAL GOLF. THE QUALIFIED SPONSORSHIP PAYMENTS RECEIVED BY PGA TOUR, INC., AS DEFINED IN INTERNAL REVENUE CODE SECTION 513(I), PROMOTE THE SPORT THROUGH FUNDS UTILIZED IN PART TO INCREASE PURSE AMOUNTS AND EARNINGS OPPORTUNITIES FOR PROFESSIONAL GOLFERS ON ITS VARIOUS PROFESSIONAL GOLF TOURS COLLECTIVELY KNOWN AS THE PGA TOUR AND TO ACHIEVE PGA TOUR, INC.'S GOAL OF GIVING BACK, AS SET FORTH IN PART III, LINE 4B. III, LINE 4B.

IN ADDITION TO PROMOTING AND BUILDING THE SPORT OF PROFESSIONAL GOLF, PGA TOUR, INC. IS COMMITTED TO GENERATING SUBSTANTIAL CHARITABLE CONTRIBUTIONS IN THE COMMUNITIES WHERE ITS TOURNAMENTS ARE PLAYED, EVEN THOUGH PGA TOUR, INC. IS NOT A CHARITABLE IRC SECTION 501(C)(3) ORGANIZATION. A MAJORITY OF THE TOURNAMENTS ARE OPERATED BY CHARITABLE ORGANIZATIONS THAT GIVE 100% OF THE NET PROCEEDS FROM THE TOURNAMENT TO LOCAL CHARITIES. AREAS OF SUPPORT INCLUDE, BUT ARE NOT LIMITED TO, HEALTHCARE, EDUCATION, YOUTH DEVELOPMENT, DISASTER RELIEF, FOOD BANKS, MILITARY, AND ENVIRONMENT. PGA TOUR, INC. AND ITS TOURNAMENTS GENERATED MORE THAN $173 MILLION IN CHARITABLE DOLLARS OVERALL IN 2021. INCLUDED IN THIS AMOUNT IS $43 MILLION OF DIRECT CONTRIBUTIONS MADE BY PGA TOUR, INC. IN 2021, THE PGA TOUR ANNOUNCED THE CREATION OF AN OFFICE OF SOCIAL RESPONSIBILITY AND INCLUSION, WHICH WILL INCLUDE THE LAUNCH OF A SOCIAL RESPONSIBILITY PLATFORM TO IDENTIFY WAYS TO HAVE A POSITIVE IMPACT SOCIALLY AND ENVIRONMENTALLY IN THE COMMUNITIES IN WHICH THE TOUR'S TOURNAMENTS ARE HELD. THE PGA TOUR, THROUGH ITS TOURNAMENTS, ALSO CONTINUED ITS 10-YEAR, $100+ MILLION COMMITMENT TO SUPPORT NONPROFIT ORGANIZATIONS THAT ADDRESS THE DISPARITIES THAT DISPROPORTIONATELY AFFECT UNDERSERVED COMMUNITIES. TO DATE, TOURNAMENTS ACROSS THE PGA TOUR HAVE GENERATED MORE THAN $3.37 BILLION OF TOTAL CHARITABLE DONATIONS SINCE THE FIRST $10,000 CONTRIBUTION WAS MADE IN 1938. PGA TOUR'S SUBSTANTIAL INVOLVEMENT IN THE CHARITABLE WORLD PROVIDES A PLATFORM FOR ITS MEMBERS TO RAISE SUBSTANTIAL CHARITABLE DOLLARS THROUGH THEIR INDIVIDUAL FOUNDATIONS AND FUNDRAISERS. FINALLY, IT SHOULD BE NOTED THAT, FROM TIME TO TIME, THE PGA TOUR MAKES CHARITABLE DONATIONS TO BONA FIDE CHARITIES AND FOUNDATIONS OPERATED FOR, BY, OR IN THE NAME OF PGA TOUR, INC. MEMBERS.

PGA TOUR, INC. INCLUDES, AS PART OF ITS MISSION STATEMENT, THE DEDICATION TO PROTECT THE INTEGRITY OF THE GAME OF PROFESSIONAL GOLF. THE TOURING PROFESSIONAL GOLFER HAS AN UNWAVERING ADHERENCE TO GOLF'S INHERENT VALUES, SUCH AS HONESTY, INTEGRITY, AND SPORTSMANSHIP. GOLF IS A SPORT IN WHICH PLAYERS CALL PENALTIES ON THEMSELVES, WHETHER AN INFRACTION IS VISIBLE TO OTHERS OR NOT. IT IS A SPORT IN WHICH COMPETITORS SHAKE HANDS AND CONGRATULATE ONE ANOTHER AT THE CONCLUSION OF EACH AND EVERY ROUND, TOURNAMENT OR MATCH, WITHOUT FAIL. IT IS ALSO A SPORT THAT FAITHFULLY TEACHES EACH GENERATION OF PARTICIPANTS FROM THE EARLIEST AGE THAT ITS RULES ARE UNCOMPROMISABLE. THESE ARE VALUES THAT PGA TOUR, INC.'S TOURING PROFESSIONAL GOLFERS LIVE BY AND DEMONSTRATE EVERY ROUND OF EVERY TOURNAMENT.