"For a guy who makes $200 a day, a $5,000 week is a really big week," he told Golf.com on Wednesday in comments he says now make him "cringe."
"This week, I made comments that were out of touch and insensitive, making a bad situation worse," Kuchar, who has won more than $46 million over the course of his career according to ESPN, said in a statement on Friday.
"They made it seem like I was marginalising David Ortiz and his financial situation, which was not my intention," he said.
"I let myself, my family, my partners and those close to me down, but I also let David down.
"I plan to call to call David tonight, something that is long overdue, to apologise for the situation he has been put in, and I have made sure he has received the full total he has requested."
Ortiz had reportedly sought $50,000 for helping the 40-year-old earn his first PGA Tour victory in four years.
Kuchar added that he planned to make a donation to the Mayakoba Classic to be distributed to philanthropic causes in the Mexican cities of Playa del Carmen and Cancun.
(Reporting by Rory Carroll; Editing by Peter Rutherford)
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