USA’s delegation sail in a boat along the river Seine during the opening ceremony of the Paris 2024 Olympic Games in Paris on July 26, 2024.
Zhao Dingzhe | Afp | Getty Images
The United States Olympic and Paralympic Committee on Wednesday announced a $100 million grant to provide long-term financial support for future Olympic athletes.
The gift, the largest donation in the organization’s history, comes from Ross Stevens, founder and CEO of asset manager Stone Ridge Holdings Group. It comes as awareness grows of the financial burden that many Olympic athletes face: Rigid training schedules often come at the expense of traditional career paths with financial savings.
As part of the gift, every Olympic and Paralympic athlete who participates in the 2026 games in Milan and future games through at least 2032 will receive $200,000 in financial benefits. The six-figure award is paid out per Olympic games that the athlete competes in, and there…
