The Charles Schwab Challenge is a professional golf tournament on the PGA Tour, played annually in May in Fort Worth, Texas at Colonial Country Club, which organizes the event. It is one of five invitational tournaments on the PGA Tour; the inaugural event was held 73 years ago in 1946.

The tournament was founded 73 years ago in 1946,^[2] and honors the history of golf by using an official Scottish tartan plaid jacket for its champions and top committee chairmen. Another tradition feeding Colonial history is the Wall of Champions on the first tee, engraved with the name and score of each champion dating back to 1946, plus the 1975 Tournament Players Championship, 1941 U.S. Open, and 1991 U.S. Women's Open.

The tournament is unofficially associated with Ben Hogan (1912–1997), the long-time Fort Worth resident who won the tournament five times,^[3] the most of any player. One of the top players in golf history, he won nine major titles, six after a near-fatal automobile collision in 1949 that kept him hospitalized for two months. Hogan's final three major wins were consecutive in 1953; a statue of him at swing completion is near the clubhouse.^[4]

Annika Sörenstam played in the 2003 tournament and became the first woman to play in a PGA Tour event in 58 years, since Babe Zaharias made three cuts as an amateur in 1945.^[5][6] Sörenstam's participation drew high media attention, but she shot 71 and 74 and missed the cut by four strokes.^[7]

The Charles Schwab Corporation will become the title sponsor of the event for a four-year deal starting in 2019.^[8]

Previous sponsors were Dean & Deluca (2016–2017), Crowne Plaza (2007–2015), Bank of America (2003–2006), MasterCard (1996–2002), and Southwestern Bell (1989–1994). There was no title sponsor in 1995 or 2018.^[9]

The event name had "Colonial" in its title through 2015, when the "Crowne Plaza Invitational at Colonial" was renamed the "Dean & DeLuca Invitational". Even the unsponsored 2018 event used the name "Fort Worth Invitational", as opposed to "Colonial Invitational" which was used the last time the event was without a sponsor back in 1995.

The 2018 tournament, renamed the Fort Worth Invitational, was held through the support of four local corporate supporters that had stepped-in to provide financial support after Dean & DeLuca suddenly pulled-out of a six-year sponsorship agreement. American Airlines, AT&T, XTO Energy Inc. and Burlington Northern Santa Fe Railway agreed to fund the 2018 tournament to allow time for the PGA Tour and Colonial Country Club to find a new sponsor.

The Charles Schwab Challenge is one of only five tournaments given "invitational" status by the PGA Tour, and consequently it has a reduced field of approximately 125 players (as opposed to most full-field open tournaments with a field of 156 players). The other four tournaments with invitational status are the Genesis Open (to be converted in 2020), Arnold Palmer Invitational, the RBC Heritage, and the Memorial Tournament.

Invitational tournaments have smaller fields (between 120 and 132 players), and have more freedom than full-field open tournaments in determining which players are eligible to participate in their event, as invitational tournaments are not required to fill their fields using the PGA Tour Priority Ranking System. Furthermore, unlike full-field open tournaments, invitational tournaments do not offer open qualifying (aka Monday qualifying).

The field consists of at least 120 players invited using the following criteria:^[10][11]

Colonial winners prior to 2000 that are not otherwise eligible are in addition to a field of 120.

Colonial has a unique PGA Tour tradition known as the Champion's Choice invitation. Each year, former Colonial champions select two deserving young players, who otherwise would be ineligible, to compete in the tournament.

Pros who made their first appearance at Colonial as a Champion's Choice include Al Geiberger, Tom Weiskopf, Craig Stadler, Curtis Strange, Mark O'Meara, Paul Azinger and Davis Love III. Five Champion's Choices have eventually won the Colonial; Dave Stockton is the only Champion's Choice to win the tournament in the year selected (1967).

Source:^[1]

^ Indicates weather-shortened to 54 holes Note: Green highlight indicates scoring records. Source:^{[23][24][25][26]}

Eleven men have won this tournament more than once through 2018.

5 wins

2 wins