The Golf Foundation’s major supporters have agreed to underwrite its activities for 2000 following the success of its development programmes during 1999. Chairman, Ian Peacock OBE, told the Annual General Meeting at Wentworth Golf Club on 15 May 2000 that "an enormous amount was achieved in terms of golf development during 1999, despite the Foundation being unable to generate the income necessary to meet the demands for its coaching programmes".
"While we had to use a substantial amount of our reserves to meet the demand last year, we have been assured by our Partners, The Royal and Ancient Club of St Andrews, the PGA European Tour and the PGA that they will underwrite the existing level of our activities for 2000."
Mr Peacock said " The Golf Foundation has been a victim of its own success. Whilst that was encouraging, it was vital that the organisation seeks additional funding beyond 2000 to meet the increasing requests for schools and starter centre registrations, both of which now have substantial waiting lists".
Looking to the future, he said, "I am delighted that the Golf Foundation has appointed Michael Round as its new Executive Director. He has a wealth of knowledge and experience in the world of sports development, and I am sure that he can provide the energy and initiative necessary for the Foundation to fulfil its role within the game of golf ".