The Tiger Woods Foundation and Chevron said they will join together to enhance and develop programs, activities and events in support of the Foundation. As part of this new relationship, Chevron will assume the title sponsorship of the Chevron World Challenge golf tournament, a significant fundraising event for the Tiger Woods Foundation. The event is held annually at Sherwood Country Club in Thousand Oaks, Calif.
Mike Wirth, executive vice president of Chevron, said the relationship strongly aligns with the company's values and its commitment to California.
In addition to sponsoring Tiger's annual tournament at Sherwood Country Club, which raises money for the Tiger Woods Foundation, Chevron will also support efforts to expand the Foundation's programs that help young people prepare for successful and responsible careers. Chevron and the Foundation will explore opportunities in California, other locations in the U.S. and in select locations internationally.
Chevron's community engagement initiatives focus on education, health and economic development. In 2007, the company invested approximately $119 million in community engagement globally, which includes initiatives such as Energy for Learning in the U.S. Gulf Coast and the Discovery Channel Global Education Partnership, as well as a $30 million partnership with the Global Fund to combat HIV/AIDS, malaria and tuberculosis.
Since its inception in 1996 by Tiger Woods and his father Earl, the Tiger Woods Foundation has reached an estimated 10 million young people through character development, career exploration, scholarships and grant making programs. Specific programs of the Foundation include the Tiger Woods Learning Center, a youth-education facility and curriculum based in Anaheim, California that will soon expand to Washington, D.C., and Tiger's Action Plan, a nationwide character development program based on Earl D. Woods' book entitled Start Something. The Tiger Woods Foundation recently launched the Fist Pump Challenge, an online program allowing young people to post videos celebrating a personal goal or achievement.