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Malaviya Foundation felicitates Canadian Olympic medalists
Sanjay Malaviya, a Canadian healthcare tech entrepreneur of Indian descent, set up the foundation to amplify people’s stories and successes.
Representative Image. / Malaviya Foundation
The Malaviya Foundation, an organization led by Sanjay Malaviya, a Canadian healthcare tech entrepreneur of Indian descent, has donated C$5,000 to each of the 50 Canadian athletes who won medals at the 2024 Paris Olympic Games.
The Canadian Olympic Foundation announced that all Team Canada Olympic medallists from the Paris 2024 Olympic Games have been awarded C$1.75 million through donor support and the Canadian Olympic Committee’s Athlete Excellence Fund.
In May last year, the Canadian Olympic Foundation and the Paralympic Foundation of Canada announced the Team Canada Podium Awards to support Canadian medallists at Paris 2024 and Milano-Cortina 2026. The Malaviya Foundation contributed upwards of $1.4 million.
It was announced that under the Team Canada Podium Awards, the Canadian Olympic Foundation and the Paralympic Foundation would award the Paris 2024 and Milano-Cortina 2026 medallists a $5,000 grant per medal earned. Additionally, $100,000 will go to Olympic and Paralympic Next Generation Initiatives, helping to fund the highest priority needs of the Canadian Olympic Foundation and the Paralympic Foundation of Canada.
Jacqueline Ryan, chief executive officer of the Canadian Olympic Foundation and chief brand and commercial officer of the Canadian Olympic Committee acknowledged the gesture, saying, “The Malaviya Foundation’s generous commitment to Team Canada athletes is invaluable. Despite our very best efforts, athletes still don’t have all the resources to compete at the highest levels. We are so grateful for the Malaviya Foundation’s continued leadership ahead of Paris 2024 and Milano-Cortina 2026, at a time when athletes need it the most. We hope this gift inspires Canadians to support Team Canada this summer and beyond.”
“The funding support that the Malaviya Foundation has granted the Paralympic Foundation of Canada over the years has been instrumental in creating opportunities and achieving greater equity for Paralympic athletes to fulfil their full potential,” Dean Brokop, executive director of the Paralympic Foundation of Canada and chief philanthropic officer of the Canadian Paralympic Committee, had also welcomed the donation. “We are truly thankful.”
This gift follows the Malaviya Foundation’s C$1.2 million donation to the Canadian Olympic Foundation and the Paralympic Foundation of Canada in 2022, which celebrated Team Canada's medallists at the Tokyo 2020 and Beijing 2022 Olympic and Paralympic Games.
“Canadian sport catalyzes uniting the nation and bringing communities together,” Sanjay Malaviya said in a statement while announcing the donation. “Team Canada athletes are inspirational in many ways and it’s an honour to be able to support and celebrate them as they represent our country at the highest level of competition.”
Malaviya Foundation has been regularly funding the Canadian Olympic Foundation since 2022 as earlier donations were used to celebrate 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.
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