Nonprofits feel the impact of golf without fans

Individual PGA Tour golf tournaments are structured as nonprofits. The 501(c)3 organizations usually have a hefty amount of cash on hand after the final swing is taken, and that is earmarked for a dedicated charity. For the next month, all events will be conducted without fans on the course. Organizers can save some money as there is no need for food vendors and other employees normally on-hand to help handle tens of thousands of spectators. However, they lose corporate hospitality tents, which can sell for $50,000 depending on the tournament and their location. Revenues are expected to be down anywhere from 50-70 percent for tournaments happening over the next four weeks.

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