Annual event in Fort Worth renamed Charles Schwab Challenge
June 28, 2018
By Staff, PGATOUR.COM
- June 28, 2018
- The Charles Schwab Challenge has been held at the Colonial Country Club since 1946 making it the PGA TOUR's longest-tenured tournament at a single venue. (Michael Reaves/Getty Images)
FORT WORTH, Texas – The historic PGA TOUR tournament held annually at the Colonial Country Club in Fort Worth, Texas has been renamed the Charles Schwab Challenge. On April 12 this year, Charles Schwab was announced as the title sponsor for the event, in a four-year agreement beginning in 2019.
Traditionally hosted over Memorial Day weekend, the Charles Schwab Challenge has been held at the Colonial Country Club since 1946 making it the PGA TOUR’s longest-tenured tournament at a single venue. The dates for the 2019 Charles Schwab Challenge will be confirmed when the PGA TOUR announces the 2018-19 schedule.
"Greatness is achieved through challenge. Colonial has challenged the world’s greatest golfers for over three quarters of a century. The tournament title – Charles Schwab Challenge – certainly celebrates our long history of great competition," said Rob Hood, Charles Schwab Challenge tournament chairman.
“As a tournament that is known to be played on a shotmaker’s course and one that has challenged the best players in the game for over 70 years, we wanted to pay homage to the tradition of the event as a challenger's competition,” said Jonathan Craig, senior executive vice president, Charles Schwab & Co., Inc. “We’re a company that has challenged the status quo for investors since day one so being a part of this inspiring tournament gives us great pride.”
The Charles Schwab Challenge is among the PGA TOUR leaders in charitable giving, including generating a record $13 million awarded to charities in 2018. The tournament has generated $100 million for more than 150 charitable organizations over the past two decades.
Many of the game’s biggest names, representing a wide range of styles of play, have won the tournament since its inaugural playing in 1946, from golf greats like Ben Hogan, Jack Nicklaus and Tom Watson to modern-day stars such as Phil Mickelson, Sergio Garcia, Jordan Spieth and Justin Rose, who won the 2018 title by three strokes over Brooks Koepka.