On CNNSI.com, they say: "Had he been a pro, the finish would have been worth about $56,000."
Any suggestions on where the money goes?
That's incorrect. Per the USGA: http://www.usga.org/Rule-Books/Rules-of-Amateur-Status/Rule-03/
An amateur golfer must not accept a prize (other than a symbolic prize) or prize voucher of retail value in excess of $750 or the equivalent, or such a lesser figure as may be decided by the USGA. This limit applies to the total prizes or prize vouchers received by an amateur golfer in any one competition or series of competitions.
Exception: A prize, including a cash prize, for a hole-in-one made while playing golf may exceed the above prize limit.
To answer your question, the first place prize money goes to the highest placing professional so in the case of today on the Nationwide Tour Kyle Reifers collected first-place money of $144,000.
You can go pro easy, the way back is not as easy.
Ones you go pro, you can't compete in amateur matches,
there is no support from the country golf federation or what so ever,
so basicly it's hard for the guy he didn't get the money, for him it's
just good experience that he can compete with these guys, it will not take
long before he goes pro, but than he well have every thing sorted out with
sponsors and other kind off support.