Fall Series (defunct): Prior to the 2013 season, the PGA Tour included a fall series consisting of those events after the final playoff event of the FedEx Cup season (The Tour Championship) through the end of the calendar year. These events provided extra opportunities for players to retain their cards by finishing within the top 125 of the money list. Since fall 2013 (the 2014 season), the events held in the fall have opened the tour season, and receive full FedEx Cup points allocations and Masters invitations.
Due to increases in prize funds over the years, this list consists entirely of current players. Two players on the list, Vijay Singh and Davis Love III, are eligible for PGA Tour Champions (having respectively turned 50 in February 2013 and April 2014). Both have lifetime exemptions on the PGA Tour for 20 wins and 15 years on the Tour, and Love has won a tournament on the main PGA Tour since turning 50. The figures are not the players' complete career prize money as they do not include FedEx Cup bonuses, winnings from unofficial money events, or earnings on other tours such as the European Tour. In addition, elite golfers often earn several times as much from endorsements and golf-related business interests as they do from prize money.
PGA Tour players compete for two player of the year awards. The PGA Player of the Year award dates back to 1948 (originally named the PGA Golfer of the Year) and is awarded by the PGA of America. Since 1982 the winner has been selected using a points system with points awarded for wins, money list position and scoring average. The PGA Tour Player of the Year award, also known as the Jack Nicklaus Trophy, is administered by the PGA Tour and was introduced in 1990; the recipient is selected by the tour players by ballot, although the results are not released other than to say who has won. More often than not the same player wins both awards; in fact, as seen in the table below, the PGA and PGA Tour Players of the Year have been the same every year from 1992 through 2018.
Alternate: Events which are played in the same week as a higher status tournament (either a WGC or the Open Championship) and therefore have weakened fields and reduced prize money. They are often considered an opportunity for players who would not qualify for certain events due to their world rankings, positions on the FedEx Cup points list, or position on the Tour's priority list to move up more easily or have an easier attempt at a two-year exemption for winning a tournament. Because of their weaker fields, these events usually receive the minimum amount of world ranking points reserved for PGA Tour events (24 points) and fewer FedEx Cup points than most tournaments (300 points instead of 500). Alternate event winners also do not earn Masters invitations. Fields for alternate events have 132 players. These events have 12 unrestricted sponsor exemptions, four more than the regular events.
Originally established by the Professional Golfers' Association of America, it was spun off in December 1968 into a separate organization for tour players, as opposed to club professionals, the focal members of today's PGA of America. Originally the "Tournament Players Division", it adopted the name "PGA Tour" in 1975 and runs most of the week-to-week professional golf events on the tournament known as the PGA Tour, including The Players Championship, hosted at TPC Sawgrass; the FedEx Cup, with its finale at The Tour Championship at East Lake Golf Club; and the biennial Presidents Cup. The remaining events on the PGA Tour are run by different organizations, as are the U.S.-based LPGA Tour for women and other men's and women's professional tours around the world.
The PGA Tour places a strong emphasis on charity fundraising, usually on behalf of local charities in cities where events are staged. With the exception of a few older events, PGA Tour rules require all Tour events to be non-profit; the Tour itself is also a non-profit company. In 2005, it started a campaign to push its all-time fundraising tally past one billion dollars ("Drive to a Billion"), and it reached that mark one week before the end of the season. However, monies raised for charities derive from the tournaments' positive revenues (if any), and not any actual monetary donation from the PGA Tour, whose purse monies and expenses are guaranteed. The number of charities which receive benefits from PGA Tour, PGA Tour Champions and Korn Ferry Tour events is estimated at over 2,000. In 2009, the total raised for charity was some $108 million. The organization announced to have generated $180 million for charities in 2017 through the tournaments of its six tours.
Due to the multiplicity of names, there is often confusion as to what the PGA Tour organization does and does not run. Of the events in the PGA Tour schedule, it does not run any of the four major championships (the Masters Tournament, the U.S. Open, The Open Championship and the PGA Championship), or the Ryder Cup. The PGA of America, not the PGA Tour, runs the PGA Championship, the Senior PGA Championship, and co-organizes the Ryder Cup with Ryder Cup Europe, a company controlled by the PGA European Tour. Additionally, the PGA Tour is not involved with the women's golf tours in the U.S., which are mostly controlled by the LPGA. The PGA Tour is also not the governing body for the game of golf in the United States; this, instead, is the role of the United States Golf Association (USGA), which organizes the U.S. Open. What the PGA Tour does organize are the remaining 43 (in 2009) week-to-week events, including The Players Championship and the FedEx Cup events, as well as the biennial Presidents Cup. It also runs the main tournaments on five other tours: PGA Tour Champions, the Korn Ferry Tour (formerly known as Web.com Tour), PGA Tour Canada, PGA Tour China, and PGA Tour Latinoamérica.
Joseph Dey, the recently retired USGA executive director, was selected by the board as the tour's first commissioner in January 1969 and agreed to a five-year contract. He was succeeded by tour player Deane Beman in early 1974, who served for twenty years. The name officially changed to the "PGA Tour" in 1975. Beman was succeeded by commissioner Tim Finchem in June 1994. On January 1, 2017, Jay Monahan succeeded Finchem as commissioner.
The number of Race to Dubai points available in the last three events of the season was increased, and the field size reduced. The aim was to make more players still have a chance of winning the Race to Dubai entering the final events. In addition, although the prize money was not increased, the bonus pool of US$5m would now be split among the top five players rather than the top ten. The money saved from restricting field sizes was used solely to increase the first prizes, which means that the tournaments would not have the standard prize fund distribution, and the DP World Tour Championship, Dubai would have the largest tournament first prize in golf of US$3m.
Winning a PGA Tour event provides a tour card for a minimum of two years, with an extra year added for each additional win with a maximum of five years. Winning a World Golf Championships event, The Tour Championship, the Arnold Palmer Invitational, or the Memorial Tournament provides a three-year exemption. Winners of the major championships and The Players Championship earn a five-year exemption. Other types of exemptions include lifetime exemptions for players with twenty wins on the tour; one-time, one year exemptions for players in the top fifty on the career money earnings list who are not otherwise exempt; two-time, one year exemptions for players in the top twenty-five on the career money list; and medical exemptions for players who have been injured or are going through a family crisis, which give them an opportunity to regain their tour card after a period out of the tour. In 2015, the PGA Tour added a clause which would freeze an exemption for those required to perform military service in their native countries in response to South Korea's Bae Sang-moon having to leave the Tour for that reason. At the end of the season, the person leading the FedEx Cup earns a five-year exemption.
The Rookie of the Year award was also introduced in 1990. Players are eligible in their first season of PGA Tour membership if they competed in less than seven events from any prior season. Several of the winners had a good deal of international success before their PGA Tour rookie season, and some have been in their thirties when they won the award. In March 2012, a new award, the PGA Tour Courage Award, was introduced in replacement of the defunct Comeback Player of the Year award.