In a groundbreaking move that could revolutionize the financial support system for elite U.S. athletes, Ross Stevens, a prominent financier, has made a remarkable pledge of $100 million to a nonprofit organization dedicated to Team U.S.A. This substantial donation is set to provide much-needed financial assistance to American athletes, guaranteeing them a minimum of $200,000 in post-retirement benefits through the newly established Stevens Financial Security Awards.

As the founder and CEO of Stone Ridge Holdings Group, Stevens firmly believes that financial instability should not stand in the way of athletes striving for excellence on the global stage. His unwavering commitment will come into effect for athletes competing in the upcoming 2026 Olympic and Paralympic Games in Milan, continuing through to at least the 2032 Games in Brisbane.

The Stevens Awards will grant $100,000 to athletes 20 years after their initial Games qualification or when they reach the age of 45—whichever comes later. These funds will be dispersed over a span of four years and can be utilized for any purpose. Furthermore, $100,000 will be designated to the families or chosen beneficiaries of athletes upon their passing.

For every Olympic or Paralympic Games an athlete partakes in, the $200,000 benefit will be magnified. This unique “multiplier effect” is designed to motivate athletes to continue their participation, as statistics have shown that 60 percent of U.S. medals are earned by athletes with prior Games experience.

Stevens’ philanthropic efforts extend beyond this momentous donation, with previous contributions of $100 million towards educational programs and the establishment of centers of excellence. In support of the Stevens Award, Stone Ridge will match any donations made by its employees dollar for dollar.

The eligibility requirements for the Stevens Award may include a “morality clause” that could potentially impact certain high-earning athletes. While some U.S. Olympians and Paralympians receive substantial incomes from salaries and endorsements, many rely on additional jobs to sustain their athletic pursuits. The financial hurdles faced by these athletes underscore the significance of initiatives like the Stevens Awards in ensuring security for their post-athletic lives.

With the sporting community eagerly awaiting the effects of Stevens’ generous pledge, it is evident that his dedication to supporting Olympic and Paralympic athletes demonstrates a profound understanding of their distinct financial needs and a commitment to safeguarding their well-being outside of the competitive realm.