Augusta National, the home of the Masters, now has green jackets for women.
In a historic change at one of the world's most exclusive golf clubs, Augusta National invited former Secretary of State Condoleezza Rice and South Carolina financier Darla Moore to become the first female members since the club was founded in 1932.
They will be presented green jackets when the golf course opens for a new season in October. They can attend the members-only parties, including the Jamboree each spring. Members are discouraged from playing too much at the home of the Masters, though they can bring guests and stay in the white cabins along the 10th fairway.
"This is a joyous occasion," Augusta National chairman Billy Payne said in a statement issued through the club.
"These accomplished women share our passion for the game of golf and both are well known and respected by our membership," he continued. "It will be a proud moment when we present Condoleezza and Darla their green jackets when the club opens this fall.
"This is a significant and positive time in our club's history."
Tiger Woods, who knows Rice through a mutual connection to Stanford, applauded the move.
"I think the decision by the Augusta National membership is important to golf," Woods said. "The Club continues to demonstrate its commitment to impacting the game in positive ways. I would like to congratulate both new members, especially my friend Condi Rice."
Jack Nicklaus, a six-time Masters champion and Augusta member, extended his welcome to the two women.
"Everyone at Augusta National shares a similar passion for the game of golf, and I know they will be great additions to the club," Nicklaus said.
Moore, 58, first rose to prominence in the 1980s with Chemical Bank, where she became the highest-paid woman in the banking industry. She is vice president of Rainwater, Inc., a private investment company founded by her husband, Richard Rainwater, and she was the first woman to be profiled on the cover of Fortune Magazine.
"Augusta National has always captured my imagination, and is one of the most magically beautiful places anywhere in the world, as everyone gets to see during the Masters each April," Moore said. "I am fortunate to have many friends who are members at Augusta National, so to be asked to join them as a member represents a very happy and important occasion in my life.
"Above all, Augusta National and the Masters Tournaments have always stood for excellence, and that is what is so important to me."
Rice, 57, was the national security adviser under former President George W. Bush and became secretary of state in his second term. The first black woman to be a Stanford provost in 1993, she now is a professor of political economy at Stanford's Graduate School of Business.
"I have visited Augusta National on several occasions and look forward to playing golf, renewing friendships and forming new ones through this very special opportunity," Rice said in a statement released by the club. "I have long admired the important role Augusta National has played in the traditions and history of golf. I also have an immense respect for the Masters Tournament and its commitment to grow the game of golf, particularly with youth, here in the United States and throughout the world."