The Chevron World Challenge
is an offseason golf
tournament hosted by Tiger Woods
, which takes place each December at Sherwood Country Club
, a course designed by Jack Nicklaus
, in Thousand Oaks, California
. In its first year, 1999, it was played at Grayhawk Golf Club in Scottsdale, Arizona
Previously the 16 man field was composed of the defending champion, the top eleven available players from the Official World Golf Rankings
, and four sponsors exemptions chosen by the Tiger Woods Foundation
. It is not an official money tournament on any of the professional golf tours
, but is recognised as an unofficial money event by the PGA Tour
. Since 2009, the event offers Official World Golf Ranking points.
The tournament was established as a charity fundraiser by Woods, and all the charitable funds raised go to charities with which he is associated. It is nonetheless an extremely lucrative event for the professionals who take part. In 2007 the prize fund was $5.75 million. This is similar to many official PGA Tour events, but they usually have fields of around 150, as opposed to only 18. The first prize is $1.35 million, and last place is $170,000. Woods usually donates his prize money to his Tiger Woods......