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U.S. Olympic Foundation
The United States Olympic Foundation, headquartered in Colorado Springs, Colo., is a separate non-profit corporation established in 1984 as an endowment for sports in the Olympic Movement in the United States.
The foundation was created from the revenue generated by the 1984 Olympic Coin Program and a portion of the surplus from the Olympic Games of the XXIII Olympiad in Los Angeles. The two funding sources enabled the United States Olympic Committee to establish the foundation with an initial endowment of $111 million. This amount, in accordance with the foundation's articles of incorporation, must remain intact.
The returns from the endowment are used to make an annual grant of 5 percent of the foundation's net assets to the USOC. The grant is used to promote Olympic-related sports in the United States. Since its inception, the foundation has awarded more than $262.2 million in grants and has grown to a value of $168.8 million as of Dec. 31, 2011. The foundation's board of trustees meets several times each year under the rules of its bylaws.
U.S. Olympic Foundation
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2012 Olympic Games TEAM USA MEDIA GUIDE