Team USA Athletes to Receive $200K Post-Retirement Benefits from Historic $100M Donation
The U.S. Olympic and Paralympic Committee announces a transformative program funded by Ross Stevens to support athletes' financial security after their careers.
- Ross Stevens, CEO of Stone Ridge Holdings Group, donated $100 million to the U.S. Olympic and Paralympic Foundation, marking the largest gift in its history.
- Eligible Team USA athletes will receive $200,000 for each Olympic or Paralympic Games they compete in, distributed as $100,000 over four years post-retirement and $100,000 to their beneficiaries upon death.
- The program aims to address financial insecurity among athletes, many of whom face limited income opportunities during and after their sports careers.
- Only athletes earning less than $1 million annually will qualify for the program, ensuring funds are directed to those in need.
- The donation guarantees funding through at least 2032, with the potential for further expansion, providing a financial safety net for future generations of U.S. Olympians and Paralympians.