The Olympics were due to begin in Japan on
Friday but the Games have instead been delayed until July 2021
because of the coronavirus pandemic that has globally infected
more than 15 million people and claimed more than 600,000 lives.
"We have heard loud and clear there is a heightened need to help
alleviate the financial burdens many are facing," USOPC CEO
Sarah Hirshland said.
USOPC said the fund was set up with an anonymous $500,000
donation and its fundraising arm was working with donors to
increase the fund.
The fund will provide a "one-time stipend" to qualifying
athletes who are either in training for - or in contention to
compete at - either the Tokyo Olympics or the 2022 Beijing
Winter Games.
"The final grant amount will be determined following the
completion of fundraising efforts ... at the end of September
2020, and in conjunction with an assessment of the total number
of applicants in October 2020," USOPC said on its website.
(Reporting By Amy Tennery, editing by Pritha Sarkar)
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