The William E. Simon Olympic Endowment for the Support of Athletes was established in 1998 by Mr. William E. Simon, Sr., former U.S. Olympic Committee President and U.S. Secretary of the Treasury. For over two decades, these grants have supported high performing Team USA athletes who demonstrate financial need to help offset travel and training expenses. By creating this fund, Mr. Simon recognized the importance and many personal benefits of participating in sports.
Who is eligible?
- Athletes who are U.S. citizens and eligible/intend to compete for the United States
- Athletes who are currently training and competing with performance achievements that indicate they are in contention to compete in Tokyo, Beijing, Paris or Milan-Cortina
- Athletes must not be under a suspension or period of ineligibility—temporarily or otherwise—from USADA, the U.S. Center for SafeSport, the USOPC, an NGB, an HPMO or International Federation
- Athletes who demonstrate financial need
Athletes from both the Olympic and Paralympic delegations are eligible to apply for/receive a grant
What is the timeline?
- Application Opens: 8:00 a.m. MT on April 15, 2021
- Application Deadline: 11:59 p.m. MT on May 10, 2021
- Award Notifications and Payments: June-July 2021
What should athletes have readily accessible before applying?
The application is divided into the following four sections and should take approximately one hour to complete.
- Athletic Achievements
- Income and Earnings – you will be asked to share information about your earnings in 2019 and 2020. Please have your 2019 and 2020 Tax returns, 1099-Misc, 1099-NEC, and other income documentation readily available to complete this section
- Expenses – You will be asked to report your 2019 and 2020 athletic and living expenses. Please have your budget, expense receipts, 2019 and 2020 Schedule C, and any other expense documentation readily available
- Short Answers – two 500-word responses
What can the grant be used for?
Are the grants sufficient to pay all training and competition costs?
Can grants be received more than once?
While this is possible, multiple grants to a single individual would be rare.
What are the chances of receiving a grant?
The chances of receiving a grant depend on the number and quality of applications; however, the Trustees have discretion in approving final grant recipients and award amounts.
During the review process, information included in each application may be verified by a variety of different sources if necessary. If information is found to be missing, misleading or inaccurate, the application will be rejected and will jeopardize future consideration.
If a grant is awarded, how much can an athlete expect to receive?
The endowment does not have a set grant amount. The endowment funds are invested, and a portion of the earnings is used for awards. Amounts will vary depending on available funds each year, the number of qualified applicants, and the meritorious circumstances of an applicant. Note: There have been years where the grant was not awarded due to declines in the value of the endowment.
This year, we anticipate grant amounts to range from $5,000-$10,000.
How is the endowment administered?
The USOPC’s Athlete Services team handles the distribution and processing of the application information, as well as the program implementation and management. Funds are invested by the U.S. Olympic Endowment. General responsibility for management of the endowment, including final award decisions, resides with a Board of Trustees. Awards are made once a year.
If you have general questions about the Simon Grant, contact Athlete Services at email@example.com.