IOC donates its share of surplus from Salt Lake City Olympic Winter Games to Utah Athletic Foundation
LAUSANNE, Switzerland (24 April 2002) - The President of the International Olympic Committee (IOC), Dr Jacques Rogge, has announced today that the IOC will donate its share of the surplus from the XIX Olympic Winter Games in Salt Lake City to the Utah Athletic Foundation, as a gesture of gratitude to all the people of Utah, and as an encouragement to the youth of the State of Utah. The Utah Athletic Foundation's mission is, "in order to preserve the commitment the citizens of Utah have made to sport and the 2002 Olympic Winter Games, to endeavour to manage the legacy facilities and provide opportunity for young and old alike to participate, excel, and revel in the lifestyle of sport". Its primary charter is "to own, maintain, and operate the Olympic Park and assist in the operations of the Olympic Oval".
"We have just been informed that SLOC will declare a surplus from the Salt Lake City Olympic Winter Games", said Dr Rogge. "The IOC is contractually entitled to a 10% share of this surplus. However, in order to express our gratitude to the wonderful people of Utah, to contribute to the legacy of the Salt Lake City Games and thus to encourage the development of sport and further promote Olympism in the state of Utah, the IOC has decided to donate its entire share of the surplus to the Utah Athletic Foundation."