Phelps to start foundation
2008-09-03 07:34
Washington - Michael Phelps will use the $1m bonus he earned for winning eight Olympic gold medals in Beijing to start a foundation, the American swimmer said on Tuesday.
The first initiative by the Michael Phelps Foundation will
be an eight-city tour across the United States during which
Phelps will discuss his Olympic experiences with children.
"Thanks to a lot of hard work, some good fortune, the
inspiration I drew from so many supporters around the world,
and incredible teammates, I was able to achieve that dream by
winning eight gold medals in Beijing," Phelps said in a
statement.
"Now, my goals reach beyond the pool, to helping others
realize their dreams, and continuing to grow the sport I love
so much."
Swimwear manufacturer Speedo pledged to give Phelps $1m for at least tying the record seven gold medals his compatriot Mark Spitz won at the 1972 Olympics in Munich.
Phelps claimed eight gold medals in Beijing, however, to
set a new Olympic standard for a single Games. The Baltimore
native has won 14 Olympic gold medals in his career.