Hole-in-one contests present an incredible opportunity for nonprofits to reach their golf tournament’s fundraising goals and offer more fun and excitement to golfers.
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Hole-In-One Contest Essentials
A hole-in-one contest is a revenue-boosting idea for a charity golf tournament. It gives golfers the chance to test their skills (or luck!) to win a prize if they shoot a hole-in-one on a specified par three hole or holes. Tournament organizers purchase hole-in-one insurance to cover the cost of the prize (or work with a sponsor to underwrite the cost of the prize) in the event someone gets an ace.
Hole-in-one contests can be added quickly to any tournament. Golfers get one chance per contest to ace the hole. Entry into the contest is often included in the golfers’ tournament registration fee, but can also have a separate cost to enter. Depending on the terms of the contest insurance, a witness may be required to be present on the hole to verify if a golfer gets a hole-in-one.
Hole-In-One Contest Benefits
It adds an extra dose of excitement into a golf fundraiser. It doesn’t matter if it’s an avid golfer or first-timer taking the shot—everyone gets excited about the possibility of winning a valuable prize! Golfers of all skill levels can participate, which encourages greater community involvement and support.
It provides additional fundraising potential to the tournament. Whether you sell a contest sponsorship, require folks to pay an entry fee to participate, or capitalize on the contest to help promote the event and attract additional teams, hole-in-one contests are packed with fundraising power.
It creates lasting memories. Yes, fundraising is important, but so is the overall event experience. A hole-in-one contest lets nonprofits further engage with participants and build connections. Plus, if someone does get a hole-in-one, you can be sure everyone will remember it (and your golf event)!
It doesn’t come with risk. Investing in hole-in-one insurance makes sure that your nonprofit is financially protected. And when you leverage the contest as a sponsorship opportunity, you’re not left covering the cost of the insurance.
Hole-In-One Insurance Basics
If someone gets a hole-in-one during a contest at your golf tournament, hole-in-one insurance covers the cost of the prize, such as cash, a new car, or a vacation. Like any insurance, the cost is paid upfront, and if a participant hits a hole-in-one, the insurance policy will fund the prize.
First, you’ll work with the golf facility to determine which hole or holes the contest will be held on. Contests are typically held on par three holes, with a minimum distance of 140 yards for women and 160 yards for men.
Next, you’ll purchase a hole-in-one insurance package and determine a prize. GolfStatus offers two hole-in-one contest insurance packages with valuable prizes that attract and excite golfers, including thousands of dollars in cash, a Dormie Network Stay and Play package, or a Dormie Network membership.
Why You Need Hole-In-One Insurance
While it’s relatively unlikely for someone to make a hole-in-one at your event, it’s not impossible, so hole-in-one insurance removes the financial risk to your nonprofit if someone gets an ace.
It adds a premium sponsorship option to your tournament’s sponsor lineup that covers the cost of the insurance so more money goes to your mission.
You’re able to offer top-tier prizes that get golfers of all skill levels even more excited about playing in your tournament and encourage new golfers to register.
Organizers get peace of mind, knowing they’re protected from any financial risk and can shift their focus to an all-around great tournament experience.
Selling a Hole-In-One Sponsorship
Hole-in-one contest sponsorships cover your costs to help raise thousands more dollars for your cause. Here’s how to pitch a hole-in-one contest sponsorship:
Identify businesses that you, your nonprofit, or someone on your planning team already has a relationship with, who are interested in getting in front of the golfer demographic, or who relate to your nonprofit’s mission in some way. We suggest targeting industries such as healthcare and luxury goods, to name a few.
Build sponsorship packages to list on your golf tournament website. Be sure the pricing not only covers the cost of the insurance package, but provides additional revenue. If you have more than one contest hole, you could sell one sponsorship that covers all the holes or sell individual sponsorships for each contest hole.
Add perks to the sponsorships that add additional value, such as signage on the contest hole and at registration, mentions on social media, logo inclusion on the event website, and exclusive billing as the hole-in-one contest sponsor in all promotional materials.
Create a proposal that highlights the key benefits of sponsoring a hole-in-one contest, such as premium exposure and being associated with one of the most exciting parts of the tournament. Describe how the sponsorship is a win-win—the sponsor supports an important cause while promoting their business to a captive audience of golfers. Customize it for each potential sponsor.
Helpful Hole-In-One Resources
Why You Should Choose GolfStatus for Hole-In-One Insurance
GolfStatus is the industry leader for charity golf tournaments and fundraisers, providing tech, tools, and expertise that help nonprofits maximize their golf fundraising efforts. We understand the ins and outs of golf tournaments and offer resources to help nonprofits succeed, including hole-in-one insurance. Here’s why:
Offers the best value hole-in-one products on the market, with high-dollar, high-value prizes that don’t break the bank.
Access to exclusive prizes that appeal to golf enthusiasts and more, such as Dormie Network Stay and Play packages and memberships.
Integrated, all-in-one golf tournament management software that helps you track registrations, payments, contest participants, and more.
Ideas and suggestions for sourcing hole-in-one sponsorships and access to other exclusive sponsorships and add-ons.
Get Started With GolfStatus’ Hole-in-One Insurance
Click below to get in touch with GolfStatus to learn more about hole-in-one insurance, contest options, and how golf event management technology can streamline and simplify your golf tournament. Through the Golf for Good program, nonprofits and third parties planning golf tournaments to benefit one get full access to GolfStatus’ golf event management platform—with a free event website, built-in automations and fundraising tools, exclusive sponsorships and add-ons, and best-of-the-best support team—to save time and raise more money. Click below to get in touch!