The Heritage Classic Foundation’s primary source of revenue comes from the operation of the Verizon Heritage, a PGA TOUR event. Since 1987, the tournament has been played at the Harbour Town Golf Links under the direct control of the Foundation.

Tournament related revenue consists of patron and other admission sales, pro-am fees, concession revenues and other miscellaneous tournament related receipts. The Foundation also earns interest income on bank deposits and investments. It also receives some donations from corporations and individuals.

Generally, tournament related revenue accounts for approximately 90-95% of the Foundation’s total revenue. Contributions account for about 1-6% of revenue, while interest accounts for the remaining 1-3%.
The annual expenses incurred by the Foundation generally fall into four categories: (1) tournament related; (2) general and administrative; (3) contributions and grants; and (4) scholarship distributions. Generally, 80% of expenses are related to the tournament, 15% to contributions and grants, 3% to general and administrative and 2% to scholarships.