USOPC FOUNDATION RAISES OVER $1.4 MILLION FOR COVID ATHLETE ASSISTANCE FUND
The U.S. Olympic & Paralympic Foundation has raised over $1.4 million USD for its COVID Athlete Assistance Fund which in total means financial aid has been extended to more than 1,200 Team USA athletes.
The Foundation has worked in partnership with the Athletes’ Advisory Council and National Governing Bodies to raise the funds which mean that 1,220 U.S. athletes receive a supplemental one-time stipend of $1,163. The fund was established in July to assist athletes who have incurred financial hardship as a result of the COVID-19 pandemic and the postponement of the Olympic and Paralympic Games Tokyo 2020.
“The COVID-19 pandemic, and the postponement of the Tokyo Games and other events, acutely impacted Team USA athletes at a critical time in their preparations,” said USOPC CEO Sarah Hirshland. “We heard directly from so many athletes and, with our incredible donors, recognized the opportunity to step in to help alleviate the financial burdens many Olympic and Paralympic athletes are facing.”
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