JOHNSTON, R.I., USA, July 29, 2024 – One of the largest LPGA Tour purses got bigger today as commercial property insurer FM added US$300,000 to the prize fund for the 2024 FM Championship. The purse for the inaugural competition now stands at US$3.8 million. During the five-year partnership, the prize purse will continue to escalate annually, eventually reaching US$5 million in 2028.
FM also increased its support for athletes participating in the FM Championship. In addition to offering complimentary hotel accommodations to athletes, FM will provide a US$1,000 stipend to athletes who miss the cut for the weekend rounds. These athlete enhancements come as FM introduced a slightly shortened tournament name to reflect the company’s July 17 rebrand from FM Global to FM. The new brand will be on display throughout the FM Championship, which will run from Aug. 29 to Sept. 1 at TPC Boston.
“We want to provide an amazing experience for the athletes, fans and New England community at the FM Championship,” said David Johnson, senior vice president, chief client experience officer at FM. “We can’t think of a better way to celebrate our new brand, our partnership with the LPGA and the return of women’s professional golf to New England than by investing in additional support for the incredible athletes of the LPGA Tour.”
“We are incredibly appreciative of our partners at FM for their immediate and generous support of our athletes,” said Ricki Lasky, chief tour business and operations officer for the LPGA Tour. “Since joining the LPGA family last year, the team at FM has continually asked how they can elevate this inaugural event and make it one that our athletes simply will not want to miss. Our competition will certainly be a great week for athletes and fans alike, and it will be just the beginning of a long and productive relationship between our two organizations.”
With its new brand, FM is more clearly articulating the important role it plays in providing protection and stability to its clients, helping them to protect their purpose.
The 2024 FM Championship will feature a field of 144 players competing for the largest prize fund on the LPGA Tour outside of the majors and tour championship.
The event marks the LPGA Tour’s return to New England for the first time since the 2004 U.S. Women’s Open, held at Orchards Golf Club in South Hadley, Massachusetts, and won by Meg Mallon.
Tickets are available for purchase at SeatGeek.com. Daily general admission tickets are $54, with weekly general admission passes available for $118. For an elevated viewing experience, U.S. Virgin Islands Champions Club packages, which include a parking pass, start at $385 for daily admission and $1,420 for weekly access. The U.S. Virgin Islands Champions Club at the 16th green will provide incredible views of the featured par-3 hole, along with access to shared food and beverage service, which includes light bites, afternoon snacks, water, soft drinks, beer and wine, as well as access to upgraded restroom facilities.
Additionally, a special Inside-the-Ropes experience is available for $1,500. This unique opportunity allows two guests to walk inside the ropes with a featured group during a competition round. The experience also includes access to the U.S. Virgin Islands Champions Club and general parking.
In partnership with SERVPRO, the LPGA is pleased to offer both current and former members of the U.S. Military and certain guests complimentary grounds tickets regardless of sell-out. Click here for information on military tickets.
For more information, visit www.fm.com/about-us/sponsorships/fm-championship. Media interested in covering the 2024 FM Championship should visit www.lpgamediacredentials.com to submit a credential application.
About FM
Established nearly two centuries ago, FM is a leading mutual insurance company whose capital, scientific research capability and engineering expertise are solely dedicated to property risk management and the resilience of its policyholder-owners. These owners, who share the belief that the majority of property loss is preventable, represent many of the world’s largest organizations, including one of every four Fortune 500 companies. They work with FM to better understand the hazards that can impact their business continuity to make cost-effective risk management decisions, combining property loss prevention with insurance protection.
About the LPGA
The Ladies Professional Golf Association (LPGA) is the world’s premier women’s professional golf organization. Created in 1950 by 13 pioneering female Founders, the LPGA, whose members now represent more than 60 countries, is the longest-standing professional women’s sports organization. Through the LPGA Tour, the Epson Tour, the LPGA Professionals, and a joint venture with the Ladies European Tour, the LPGA provides female professionals the opportunity to pursue their dreams in the game of golf at the highest level. In addition to its professional tours and teaching accreditation programs, the LPGA features a fully integrated Foundation, which provides best-in-class programming for female golfers through its junior golf programming, and its LPGA Amateurs division, which offers its members playing and learning opportunities around the world. LPGA aims to use its unique platform to inspire, transform and advance opportunities for girls and women, on and off the golf course.
Follow the LPGA online at www.LPGA.com and on its mobile apps. Join the social conversation on Facebook, X (formerly known as Twitter), Instagram and YouTube.
About the LPGA Tour
The LPGA Tour is the world’s leading competitive destination for the best female professional golfers in the world. The Tour hosts more than 30 annual events across 10 countries for over 200 Active Players, awarding total prize funds exceeding $125 million and reaching television audiences in more than 220 countries. Follow the LPGA Tour on its U.S. television home, Golf Channel.