This is a special order PING red, white and blue USA carry-bag.  The bag was designed for the 2014 American Junior Golf Association HP Boys Championship at Carlton Woods Country Club outside Houston, TX in February.  The bags were donated to Tee It Up for the Troops following the tournament.

This model weighs four pounds, is lightweight, and has six pockets, including those for a water bottle, golf balls and apparel, plus velour-lined valuables pocket.