United States Olympic Endowment
The United States Olympic Endowment, headquartered in Colorado Springs, Colorado, is an independent nonprofit corporation created as an endowment for sports in the Olympic Movement in the United States.
The Endowment was established in 1984 by the U.S. Olympic & Paralympic Committee, through the tireless efforts of F. Don Miller and William E. Simon, then the USOPC’s executive director and president, respectively, to administer and invest the surplus funds generated from the Games of the XXIII Olympiad in Los Angeles.
Income generated from the initial permanent endowment of $111.4 million was used to grow the corpus of the fund and make grants to the USOPC and its member organizations. Under the leadership of the endowments’s initial chairman, Simon, and his immediate successor, George M. Steinbrenner III, the USOE has succeeded in achieving this goal. In the past 34 years, the endowment's net assets have grown to approximately $209 million, while awarding grants to the USOPC and its member organizations totalling more than $330 million*.
Endowment Trustees, through their leadership and guidance, help build a strong and secure financial base to ensure the USOPC can meet its most pressing needs, particularly the well-being of its athletes.
For more information, visit USOlympicEndowment.org.
*Assets and distributions as of June 30, 2019