SERVING FAIRFIELd (CT), BRONX, DUtcHEss, ORANGE, PUTNAM, RocKLAND, SULLIVAN, ULstER AND WEstcHEstEr (NY) COUNTIES WESTCHESTER GOLF ASSOCIATION Caddie Scholarship Fund,JUNE 30, 2010 Inc. FISCAL YEAR ANNUAL REPORT Westchester Golf Association Caddie Scholarship www.westchestergolf.orgFund, Inc. OUR MISSION The Westchester Golf Association Caddie Scholarship Fund (CSF) fosters the core values of personal responsibility, integrity and perseverance by giving young men and women in service to golf the opportunity to further enhance their lives through the pursuit of higher education. The Fund provides college scholarships to qualified candidates based on financial need. OUR HISTORY The WGA Caddie Scholarship Fund was established in 1956 by renowned golfer Willie P. Turnesa and his good friend, Udo Reinach. With over 2,000 recipients since its founding, the Caddie Scholarship Fund has provided in excess of $9,000,000 in scholarship funding. OUR SCHOLARSHIPS The CSF is one of the largest organizations of its kind in the nation. Caddie scholarship awards range from $1,000 to $8,000 per year for undergraduate study, or for study at an accredited trade school. Maximum awards are reserved for exceptional students with exceptional need. Awards are granted for the duration of the program. ELIGIBILITY Applicants must demonstrate financial need, have applied to or currently attend an accredited school, and have worked a minimum of two seasons in service to golf at a WGA member club. Service to golf includes caddying, golf course maintenance, and work in the pro shop, bag room or on the range. 2 WESTCHESTER GOLF ASSOCIATION FUNDING The CSF finances scholarship awards primarily through contributions from individuals, WGA member clubs, alumni, corporations, and foundations. Funding sources include: BAG TAG PROGRAM Our major source of funding is through the Bag Tag Program. The purpose of the Program is to reach out for support from members of clubs belonging to the Westchester Golf Association. NAMED AND ENDOWED SCHOLARSHIPS Named and Endowed Scholarships give donors an opportunity to celebrate their commitment to education and golf. Endowed Scholarships provide an enduring legacy for individuals, families and organizations. Named Scholarships pay tribute to an indi- vidual or achievement. EVENTS Each year we hold special events such as our Pro Am and Golf Marathon to raise funds and increase awareness in the community. The WGA Caddie Scholarship Fund is a 501(c)(3) non-profit organization. Over Fifty Years of Helping Those in Service to Golf Attain a College Education Cover photo: Hole 11 at GlenArbor Golf Club CADDIE SCHOLARSHIP FUND, INC 3 FROM THE PRESIDENT September 1, 2010 When our founders, Willie Turnesa and Udo Reinach, decided that it would be a worthy goal to help a few caddies in their quest for college degrees, little could they have imagined that fifty-five years later the Fund would have assisted more than 2,000 scholars, and provided more than $9,000,000 in college scholarships. This year alone we added seventy-eight new schol- ars, bringing our current total to 276 for a four-year commit- ment of $3.5 million. Like students across America, our scholars are struggling with the ever widening gap between soaring tuition costs and limited financial aid. Borrowing has risen to staggering levels, often putting students and their parents far behind the eight- ball when those loans become due. The Fund’s ability to address the growing needs of our scholars relies on the generosity of the members of Westchester Golf Association clubs and the all-out efforts of our club representatives, board members and volun- teers. We are immensely appreciative of their generous contri- butions of time and money. Some of our most satisfying experiences come each year as we make individual awards to our scholars. As gratifying as it is to see their reactions when we announce their awards, it is even more gratifying to see the way so many of our scholars have taken full advantage of their educations and developed into proud and productive citizens. The work we are doing is paying dividends. The fiscal year financials, highlighted later in this report, reflect the general economic uncertainties that prevailed, as well as the end of the long-term sponsorship by The Journal News. Although it was perhaps the most difficult year the Fund has experienced in its fundraising activities, we are pleased with the results, owing to the success of the inaugural Golf Marathon combined with contributions received through the Bag Tag Program and the Pro-Am. On behalf of the Board of Directors, Officers and staff of the CSF, and of our scholarship recipients, we thank you for your continuing support. The mission continues to be challenging, but the rewards are great. Sincerely, Leland B. Paton President 4 WESTCHESTER GOLF ASSOCIATION CONTRIBUTIONS Ways to Help • Join the Bag Tag Program Individuals, club members, CSF alumni and businesses may become sponsors by donating a minimum contribution of $60. Those who choose to donate at a higher level may become members of the Par-Birdie-Eagle-Double Eagle Clubs with contributions respectively of $150-$300-$600-$1,000. Special bag tags are given to acknowledge each contribution level. • Become an event sponsor • Establish a named or endowed scholarship • Make a birthday or memorial contribution • Play in our Pro Am or Golf Marathon • Make a pledge to support a Marathon participant CADDIE SCHOLARSHIP FUND, INC 5 CONTRIBUTIONS Leader Board We gratefully acknowledge the following donors: GRAND PATRONS - $5,000+ HSBC, Bank USA, N.A. Metropolitan Golf Association Joseph Alexander Foundation The Metropolitan Metropolis Country Golf Writers Association Club Women Westchester Seniors Leland B. Paton Golf Association PATRONS - $2,500+ Robert J. Bluestone Martin E. Maleska Neil A. Clark James R. Martell John F. Connor Michael J. Moss Donald S. Dworken Ric Nadel -Ice Air LLC Joel & Naomi Freedman Frank Santa-Donato Robert J. Goldfein Santa-Donato and Carpiniello Jennifer and Bud Gruenberg Family Members Thomas F. Hodgman Frank Sica Eleanor & Oliver Lazare George N. Tompkins, Jr. DOUBLE EAGLE CONTRIBUTORS - $1,000+ Ernest Abrahamson Richard J. Fleder Norman W. Alpert – Thesco Benefits, LLC Michael Anania William F. Gilligan Robert Annunziata David A. Glennon James W. Babcock Jack C. Goldfrank Teri Ludwick Babcock John J. Hamilton Bencivenga, Ward & Co. Henry Harnischfeger, Jr. Steven R. Berkson Alfred O. Hayward, Jr. Eric T. Berridge Keith J. Iarocci Neda and Barry Birbrower Kenneth Iscol Conrad L. Bringsjord David A. Jacobs Paul Bryce Greg Jakubowsky James P. Bush Susan and Richard Katcher John K. Castle James L. Kempner Robert P. Castrignano Mark Kingdon Kenneth I. Chenault Charles D. Kleinow Gerald F. Clark Donald H. Layton Steven A. Cohen William E. Lighten Elise and Michael Collins Robert A. Lonergan Steven G. Delaney Peter L. Malkin Michael D. Donovan Charles B. Mayer Michael G. Fisch Paul McEvoy, Jr. 6 WESTCHESTER GOLF ASSOCIATION CONTRIBUTIONS DOUBLE EAGLE CONTRIBUTORS - CONT’D RSM McGladrey, Inc. Peter H. Roth Brian McVeigh Robert G. Rusk J. Keith Morgan Eric P. Sheinberg Stuart W. Moselman Stephen Siegel William Murray Gordon H. Smith Edward P. Nolan Mitchell Stern John J. O’Neill Lois and Richard Strauss Daniel R. Paladino Michael D. Sullivan Rudolph V. Pino, Jr. Joseph M. Terry, M.D. John J. Pinto Leon Wagner Peter P. Post Dr. Lucy R. Waletzky Chris Previti Lawrence M. Waterhouse, Jr. Adam Raboy Leonard M. Weintraub Charles A. Rockefeller III Robert M. Weintraub Barbara and Robert Rohrlich Timothy White Other Special Contributors American Junior Golf Association Bank of America* Caddie Masters Association GE Foundation* Goldman, Sachs & Co. * Goodrich Corporation* Merrill Lynch & Co. Foundation, Inc.* Metropolitan Golf Association PepsiCo Foundation* The AES Corporation* Soros Fund* The Turnesa Cup UBS Foundation* Westchester Golf Association Associate Members Women’s Metropolitan Golf Association * Denotes matching gift company CADDIE SCHOLARSHIP FUND, INC 7 CONTRIBUTIONS 2009-2010 Contributing Clubs Through June 30, 2010 The Apawamis Club Mount Kisco Country Club Ardsley Country Club Old Oaks Country Club Birchwood Country Club Oronoque Country Club Blind Brook Club Powelton Club Bonnie Briar Country Club Quaker Ridge Golf Club Brae Burn Country Club Ridgeway Country Club Brooklawn Country Club Rockrimmon Country Club Burning Tree Country Club Salem Golf Club Century Country Club Scarsdale Golf Club Country Club of Darien Siwanoy Country Club Dellwood Country Club Sleepy Hollow Country Club Doral Arrowwood The Stanwich Club Elmwood Country Club Sunningdale Country Club Country Club of Fairfield Tamarack Country Club Fairview Country Club Trump Nat’l GC - Westchester Fenway Golf Club Tuxedo Club Golf Club of Purchase Waccabuc Country Club Greenwich Country Club Wee Burn Country Club Hudson National Golf Club Westchester Country Club Knollwood Country Club Westchester Hills Golf Club Leewood Golf Club Whippoorwill Club Mahopac Golf Club Willow Ridge Country Club Manhattan Woods Golf Club Winged Foot Golf Club Metropolis Country Club Woodway Country Club Milbrook Club Wykagyl Country Club Memorial Giving Ronald Ackerley Rudolph F. Machacek Clara and Daniel J. Assumma Robert A. Miller, Sr. James G. Carr Robert Morin Carpiniello/Santa Donato Walter A. Peek Edward J. Doyle III Mary Jane Putman William Dudley Malcolm Seligman Kerri Fanelli Irene Slavis Thomas F. Keefer Elmer Voight Harvey Kornblut 8 WESTCHESTER GOLF ASSOCIATION RECOGNITION AWARDS Special Recognition Awards Willie Turnesa Outstanding Club Contributor Awarded since 1990; based on calendar year contributions. 2009 Westchester Country Club 2008 Westchester Country Club 2007 Sleepy Hollow Country Club 2007 Rockrimmon Country Club 2006 Sleepy Hollow Country Club 2005 Quaker Ridge Golf Club Gold Club Contributions of $50,000 and above based on calendar year. First awarded in 2000. 2009 Quaker Ridge Golf Club (three time winner) 2009 Sleepy Hollow Country Club (ten time winner) 2009 Westchester Country Club (nine time winner) 2009 Winged Foot Golf Club (nine time winner) Special Club Contributors First awarded in 1993.