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Closely associated with Jack Nicklaus, the Memorial Tournament is a PGA Tour event which is played at Muirfield Village Golf Club in Dublin, Ohio. Muirfield is not only a Nicklaus-designed golf course in a suburb of Nicklaus' home town of Columbus, Ohio, but the course actually passes through the neighborhood of Muirfield Village, where along Muirfield Drive there is a statue of teaching a young child how to golf.

As one of the restricted field events on the PGA Tour, only the first 75 players on the previous year's money-list are guaranteed invites to the Memorial Tournament. Additionally, one of the main features of the Memorial is the annual induction ceremony honoring past golfers; a plaque for each honoree can be found on display near the clubhouse at Muirfield, with Nicklaus himself an honoree in 2000.

Being that Columbus is where Nicklaus was born and raised, where he started his own family, and where he learned the game of golf, it was his dream to create a golf club which incorporated his personal and professional life, and an event that would long represent his passion for tournament golf, while giving back to the very community which has embraced him and the game of golf his entire life. His dream was fulfilled in May 1976, with the first playing of the Memorial Tournament; two years to the day after the doors opened and the first shots were played at Muirfield Village.

Nicklaus conveyed the intention of hosting his own tournament during Masters Week in 1966, when he spoke of his desire to create a tournament that had world wide interest, like The Masters, and was inspired by the history and many traditions of golf. The Golden Bear also wanted the tournament to give back to the community in the form of charitable contributions which would benefit needy adults and children throughout Columbus and Ohio, and the primary charitable organization of the Memorial Tournament is Nationwide Children's Hospital.