"The Augusta National Women's Amateur Championship embodies that principle, and we believe this event will have a significant and lasting impact on the future of the women's game".
Video of Augusta National Chairman Fred Ridley making the announcement during his Wednesday press conference can be found here.
It will be the first time since the club opened in 1933 that a women's tournament has been held at the venue, with Augusta previously coming under heavy criticism for its lack of inclusiveness.
"I just felt that there was an opportunity and a platform to make a statement as to how we feel about this part of the game".
The former LSU golfer who has played in nearly 20 USGA events has watched her husband play several practice rounds at ANGC but has never played the course.
As an amateur playing in the venerated Masters Tournament, you're completing a lifelong dream just being there.
The world's best women amateurs will play the final round of the Augusta National Women's Amateur on the Saturday before the 2019 Masters, one day before the Drive, Chip and Putt Finals.
An entire Masters round has not been cancelled since 1983, when the tournament finished on a Monday.
He said any involvement by Augusta National in issues that affect the game would be done in concert with the world's governing bodies, such as the USGA and the Royal and Ancient - for example, the question of how much golf's power brokers should do to limit how far golfers at the highest levels hit the ball.
In April 2003, women's rights activist Martha Burke had been publicly campaigning for nearly a year in an attempt to get the golf club to change its antiquated male-only members rule. What did I think about it? "I'm not going to fall foul". The PGA will play through rain but lightning in the area will call for a delay in the action. He never turned professional and was the last U.S. Amateur champion to not take that option.
"I got 18 quick holes in". "But I don't know how it could hurt. Either way, I think Fred will do an outstanding job".