Special Olympics receives $7.8 million commitment
July 16, 2013
Every two years, many individuals across the globe watch either the Winter or Summer Olympic Games and the subsequent Special Olympics. This is an opportunity for athletes from all backgrounds to show off their skills and compete for their country. While these events are sure to be an advertising gold mine, they also need initial funding to get off the ground.
With this in mind, the Lion's Club recently pledged $7.8 million to the Special Olympics as part of a multi-year commitment. The money will be put toward providing health services, connecting with young athletes and promoting family support for the sporting events.
"With this remarkable commitment, they're putting the funding and strength of their global grassroots organization in direct service for one of the world's most marginalized populations," explained professional basketball player and Special Olympics Board Member Yao Ming. "There's no greater service organization than Lions, and the athletes, families, volunteers and fans of Special Olympics worldwide are proud to stand with their members."
This has not been the only group to focus on funding the Special Olympics in the recent past. According to the Union Leader, in Portsmouth, N.H., local law enforcement agents raised $1,500 in the "Cop on Top" event. Police officers spent five hours on the roof of McKinnon's Market in the city, waving at shoppers and encouraging them to make donations at entrances and exits.
Nonprofit organizations that hope to benefit from large grant-giving opportunities can improve their chances of being selected for awards when they use nonprofit financial management programs. These solutions can generate data-driven reports for various stakeholders.