Fownes Foundation

The Fownes Foundation is a nonprofit organization dedicated to the preservation and restoration of historically significant golf courses across the United States. Founded in 1990, it is located in Oakmont, Pennsylvania, and operates as a 501(c)(3) public charity. This status allows the foundation to provide financial support to designated sites while offering benefactors a means to contribute through tax-deductible donations.

Mission and Activities

The foundation's primary mission is to restore and preserve nationally recognized golf sites. This involves not only maintaining the physical integrity of these courses but also ensuring they remain accessible to the public and recognized for their historical contributions to golf in America. The Fownes Foundation works closely with organizations like the Pittsburgh History and Landmarks Foundation to evaluate and approve sites for preservation efforts.

Governance and Financials

The Fownes Foundation is governed by an independent board of directors. It does not compensate its executives, and there are no professional fundraising fees involved. The organization generates revenue primarily through contributions, with some additional income from investments and other sources. As of recent filings, the foundation managed substantial assets while maintaining minimal liabilities, reflecting its stable financial position.

Impact

By focusing on the restoration and preservation of historically significant golf courses, the Fownes Foundation plays a crucial role in maintaining America's golfing heritage. This not only enhances community pride and appreciation for golf but also ensures these iconic venues are preserved for future generations. The foundation's efforts contribute to the broader cultural and historical significance of golf in American society.

Classification

The Fownes Foundation is categorized under the Arts, Culture, and Humanities N.E.C. classification within the National Taxonomy of Exempt Entities (NTEE). This reflects its focus on preserving the cultural and historical aspects of golf courses. Donations to the foundation are tax-deductible, providing an incentive for benefactors to support its mission.