{"id":635954,"date":"2026-01-27T21:28:53","date_gmt":"2026-01-28T04:28:53","guid":{"rendered":"https:\/\/www.swimmingworldmagazine.com\/news\/?p=635954"},"modified":"2026-01-27T21:28:53","modified_gmt":"2026-01-28T04:28:53","slug":"ross-stevens-planning-to-pay-200000-to-each-u-s-olympian-and-paralympian","status":"publish","type":"post","link":"https:\/\/www.swimmingworldmagazine.com\/news\/ross-stevens-planning-to-pay-200000-to-each-u-s-olympian-and-paralympian\/","title":{"rendered":"Ross Stevens Planning to Pay $200,000 to each U.S. Olympian and Paralympian"},"content":{"rendered":"

Ross Stevens Planning to Pay $200,000 to each U.S. Olympian and Paralympian<\/strong><\/p>\n

Billionaire financier Ross Stevens<\/strong> has committed to paying awards of $200,000 to each Olympic and Paralympic athlete, beginning with this year\u2019s Winter Olympics in Milan Cortina.<\/p>\n

The gifts will be known as Stevens Financial Security Awards or the Stevens Awards. Funding for the plan was announced in March 2025<\/a>, with Stevens announcing a $100 million anchor funding gift to the U.S. Olympic and Paralympic Foundation from which these prizes will be paid out. The institution of the prize for this year\u2019s Olympics was first reported Tuesday<\/a> by the Wall Street Journal.<\/em><\/p>\n

The amounts will be paid in two increments, with the first $100,000 coming 20 years after their first Olympic appearance that is eligible for compensation and the second $100,000 will come as a guaranteed benefit payable to family upon the athlete\u2019s death. The figure of $200,000 is payable for each participation, so athletes can win the compensation multiple times.<\/p>\n