The tournament gave out $665,400 in grants and aid to various organizations, considerably less than the $3 million a year Greenbrier owner Jim Justice
said in 2011 he hoped to generate for charitable organizations each tournament.
A lot of the grant money went to golf-related organizations, including $50,000 to the World Golf Foundation in Florida, and $20,000 to the West Virginia Golf Association.
Local grants included $40,000 to the West Virginia School of Osteopathic Medicine, $25,000 to the Remember the Miners foundation, $8,500 to the State Fair of West Virginia, and $15,000 to Greenbrier East High School Band Boosters. (Justice coaches boys' and girls' basketball at the school.)
Old White Charities paid The Greenbrier hotel $2,029,853 for "assisting with operations of the Greenbrier Classic," and paid Parking Unlimited of Catawba, S.C., $876,264 for parking consulting; $796,440 to Kirby Rentals of Orlando for rental of tents and tables; $731,852 to T&B Equipment of Ashland, Va., for bleacher rentals; $584,137 to Prom Management Group of Oakdale, Minn., for catering; and $368,800 to CCI Events of Baton Rouge, La., for decorations.
The tournament lists total liabilities of $10.21 million, with most of that being in the form of more than $10 million in loans outstanding. Justice Family Group LLC has loaned $7.45 million, while James Justice Cos. Inc. loaned $2.58 million.
(According to the 2010 990 form, the Justice Family Group made a $3.046 million loan and a $2.77 million cash contribution for that year's tournament.)
Meanwhile, expenses for the big-name concerts associated with the tournament (this year, Kenny Chesney and Aerosmith) are not booked through Old White Charities, which means Justice's loss on the tournament is probably considerably bigger than $5.4 million. ... No wonder he's resorted to busing gamblers into The Greenbrier casino ...
However, Justice did get some of that investment back, receiving compensation of $462,079 in 2011 as president, treasurer and director of Old White Charities; while James Justice III received $89,271 and Jillian Justice, $53,090, as directors.
Also, directors Steve Sarver received $192,848 compensation, while Robert Cochran was paid $171,431.
Finally, be sure to take time today to give mom a hug, or at least a phone call, or if neither is possible, take time to reflect on the many terrific things she did for you over the years ...
Reach Phil Kabler at ph...@wvgazette.com or 304-348-1220.