TORONTO (February 13, 2025) – The Canadian Olympic Foundation announced Thursday that the 50 Team Canada Olympic medallists from the Paris 2024 Olympic Games have been awarded a total of $1.75 million through donor support and the Canadian Olympic Committee’s Athlete Excellence Fund.
The medallists received a combined $935,500 through donor support in recognition of their podium performances at the Paris 2024 Olympic Games, marking the highest amount ever granted through donor support to celebrate medallists’ achievements. This funding is made possible through the Team Canada Podium Awards, funded by the Malaviya Foundation, and the Tania Esakin Fund.
Each Team Canada medallist from Paris 2024 has received $5,000 per medal earned through the Team Canada Podium Awards, and $13,210 each from the Tania Esakin Fund.
The Team Canada Podium Awards follow the Malaviya Foundation’s $1.2 million donation to the Canadian Olympic Foundation and the Paralympic Foundation of Canada in 2022, which celebrated Team Canada medallists at the Tokyo 2020 and Beijing 2022 Olympic and Paralympic Games.
Additionally, the Malaviya Foundation donated $200,000 in 2024 to Olympic and Paralympic Next Generation Initiatives in support of up-and-coming Canadian athletes.
The Team Canada Podium Awards will also be granted to Team Canada’s medallists from the Milano Cortina 2026 Olympic Winter Games.
“As we reflect on Paris 2024 and look ahead to Milano Cortina 2026, we are immensely grateful for the Malaviya Foundation’s continued leadership, in celebration of the excellence that Canadian athletes continue to demonstrate on the world stage.” said Jacqueline Ryan, Chief Executive Officer of the Canadian Olympic Foundation and Chief Brand and Commercial Officer of the Canadian Olympic Committee.
“Canadian sport has the power to strengthen and bring communities together. It’s a privilege to celebrate the successes at Paris 2024, and to support the athletes who have made the country proud,” said Sanjay Malaviya, Canadian healthcare tech entrepreneur and founder of the Malaviya Foundation.
The distributed grants also came from the Tania Esakin Fund, established through an estate gift to the Canadian Olympic Foundation from Cecile Esakin. At his wishes, the fund was divided equally among Canadian medallists from Beijing 2022 and Paris 2024.
In addition to donor funding, $815,000 was also granted to Team Canada’s Paris 2024 medallists from the Canadian Olympic Committee’s Athlete Excellence Fund, a support and reward program that provides Canadian athletes with performance awards of $20,000, $15,000 and $10,000 for winning Olympic gold, silver, or bronze medals respectively.
The Athlete Excellence Fund also provides funding of $5,000 for performances at World Championships (or equivalent) during non-Olympic years, to support living, training, and competition expenses.
Looking ahead to Milano Cortina 2026 and Los Angeles 2028, the Canadian Olympic Foundation looks to build on the increased momentum of donor support in helping Team Canada athletes reach their Olympic potential and in celebrating their achievements at the Olympic Games.
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MEDIA CONTACTS:
Peter Saltsman, Interim Director, Communications & Media Relations
Canadian Olympic Committee
C: 647-382-6986
E: psaltsman@olympic.ca