It's about who performs best all season long
The Charles Schwab Cup is an exciting season-long points competition launched in 2001 to determine the Champions Tour's leading player.
Loren Roberts won the 2007 Charles Schwab Cup, becoming the fifth different player and the seventh overall to hoist the gold cup, after Allen Doyle (2001), Hale Irwin (2002, 2004), Tom Watson (2003, 2005) and Jay Haas (2006).
The program rewards both consistency and top-10 finishes week-in and week-out. Points are awarded to the top-10 finishers and ties in all official tournaments and are based on the money list for each tournament, with every $1,000 earned being the equivalent of one Charles Schwab Cup point. Points are doubled at the Champions Tour's major championships and at the season-ending Charles Schwab Cup Championship in October. The winner of the Charles Schwab Cup will be the player who has accumulated the most points throughout the season.
Charitable Donations
The Champions Tour and its tournaments generate significant sums of money for charity. Since 2004, the Tour has raised an average of $10 million per year for charity. In October 2005, the three Tours of the PGA TOUR and their tournaments announced they had reached the $1-billion milestone in charitable donations dating back to the first recorded donation in 1938.
Charles Schwab also supports the communities in which our employees serve, making average annual contributions of $4 million per year to more than 2,300 nonprofit organizations. 
