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Beneficiaries

Veritas World Junior is operated by a corporation named Alethea Project.  Application for non-profit 501(c)3 status has been made, is expected to be in place soon and will be announced on the website when accomplished.

 

It is the intended purpose of the Veritas World Junior to operate in a manner to maximize the charitable giving potential through collection of entry fees, merchandise sales, licensing fees, sponsorships, donations and other means.


As soon as possible, Veritas will apply funds to be determined to provide scholarship opportunity to selected skill qualified candidates with demonstrated financial need in order that they participate in the Veritas World Junior.

 


As soon as possible, Veritas will identify and support other worthy and effective junior golf programs in the Los Angeles County and Orange County area to meet the stated goal of 'The furtherance of junior golf through competition.'


Early on it is important to establish the financial soundness of Veritas to ensure its long term viability. To that end, an endowment will be established as soon as possible with a to be determined amount contributed each year until the endowment reaches $2,000,000.

Starting with the first year and continuing every year thereafter, Veritas will contribute 10% of the net proceeds each year to the Southern California Golf Association Youth on Course Program. YOC is a fairly new program but has already demonstrated effectiveness in helping kids from all over California play golf with subsidized green fees and range balls.

The Junior Golf Charities benefitting from the proceeds of Veritas World Junior are as follows:

  1. Southern California Golf Association Youth on Course program
  2. Other programs to be announced when selected