| Grand Slam Development Fund |
 | | Grand Slam Development Fund |
The Grand Slam Development Fund was originally established by the International Tennis Federation in 1986. From its modest launch with an initial donation of £100,000 by the Championships at Wimbledon, the Fund has become an effective means for the International Tennis Federation, using Grand Slam contributions, to fulfil its mandate to develop competitive tennis worldwide through its affiliated National Tennis Associations. From 1986 to 1990, the four Grand Slam tournaments (Wimbledon, Roland Garros, the US Open and the Australian Open) jointly donated about $500,000 each year.
While clearly generous, it soon became obvious that this level of Grand Slam funding was still unable to cover the many worthwhile projects that were proposed. In 1990, a new opportunity for greater funding came on the horizon when the Grand Slam Committee launched the Grand Slam Cup, a year-end competition that allowed the Grand Slams to contribute $2,000,000 annually to the Grand Slam Development Fund.
In 2000, the Grand Slam Cup merged with the ATP's year-end competition to become the Tennis Masters Cup which is co-owned by the ITF, Grand Slams and the ATP. This year’s event will take place in Shanghai, China from 9 – 16 November 2008 and like the Grand Slam Cup, will help continue the Grand Slams' financial commitment to the Fund.
In total, since the inception, the Grand Slams have been able to donate more than $26 million to the Grand Slam Development Fund.
Specifically, the Fund is designed to encourage the establishment of both junior and professional tournament circuits which in turn, provide opportunities for a greater number of players to compete and to assist players directly, either through teams or travel grants, to gain international competitive experience so that more nations will be represented in the mainstream of international competition. Other projects which offer a unique opportunity to develop the game in member nations, such as facility grants, are also considered for GSDF financial assistance.
The Grand Slam Development Fund Committee, which determines how the Funds are distributed, is administered by the ITF and meets at least four times in each calendar year. An annual report, including all grants made to National Associations during the previous calendar year, as well as current and projected budgets, is submitted to the Grand Slam Committee and the ITF Board of Directors.
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