Team USA gets massive donation!
So the US is one of the few countries in the World that doesn't actually fund our Olympic Team. The Team is completely funded by donations and corporate sponsorships. This leads to many of our Olympic Athletes living near the poverty line.
Well...things are about to change!
Meet Ross Stevens, the founder and CEO of Stone Ridge Holdings Group, a finance firm that focuses on “nontraditional” investment options such as crypto and fine art, who just donated $100 MILLION dollars to TEAM USA!
Starting with the Olympic and Paralympic Games Milan-Cortina 2026, and going at least through the 2032 Games, every U.S. Olympian and Paralympian will receive $200,000 in financial benefits for each Games in which they compete:
- $100,000 to Live: eligible athletes will be able to access this award 20 years after their qualifying Games or at 45 years of age, whichever is later. The grant will be paid over the course of four years and can be used for any purpose, such as starting a business or supporting their families.
- $100,000 to Protect: eligible athletes will receive a guaranteed benefit for their families or chosen beneficiaries upon their death.
- Multiplier effect: eligible athletes will receive $200,000 in benefits for each Games in which they compete. For instance, an athlete competing in three Olympic or Paralympic Games would receive $600,000 in benefits.
"Team USA athletes, extraordinary individuals, have proven they can achieve greatness and represent our incredible country with pride," Stevens said in a statement. "The Stevens Awards honor the sacrifices they have made on behalf of all Americans while inspiring the development of their dreams in the post-Games chapter of their lives."
More on this story here: https://apnews.com/article/olympics-donation-fundraising-millions-76ff339c39c41d7437c8f1bbd08baf19?utm_source=copy&utm_medium=share
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