Golf Tourneys Putt Short for Charity

As Tiger Woods's AT&T National tournament gets underway in Bethesda, corporate types are opening their wallets for the charity event—but, the Washington Post reports, their money may not go where they expect. Only about 15 cents out of every dollar raised by charity golf tourneys makes it to the recipient organization, says the director of the AT&T National, which benefits the Tiger Woods Foundation.

The biggest takers: The golfers, who collectively pocket an average of $5.7 million per PGA-sponsored charity tournament, compared to a charity take of only $1.75 million. Supporters say steep expenses are normal for high-end philanthropy, but watchdogs question whether they should really be called charity events. (More golf stories.)