Malaviya Foundation Awards C$620,000 to Canadian Olympic and Paralympic Medalists 

Canadian Olympic and Paralympic athletes who reached the podium at the 2026 Milano Cortina Winter Games will receive a total of C$620,000 in cash incentives through the Malaviya Foundation.

A total of 105 Team Canada athletes will benefit from the initiative, with each Olympic and Paralympic medalist eligible to receive a cash award of C$5,000.

The Team Canada Podium Awards were established by the Malaviya Foundation following its C$1.225 million donation in 2021 to the Canadian Olympic Foundation and the Paralympic Foundation of Canada. The contribution was made to recognize Team Canada medalists from the Tokyo 2020 and Beijing 2022 Olympic and Paralympic Games. The Foundation subsequently committed more than C$1.29 million to support Canadian athletes competing at the Paris 2024 and Milano Cortina 2026 Games.

“When I watch Team Canada, I see the years of dedication, resilience, and sacrifice behind every performance. To be able to support these remarkable Olympic and Paralympic athletes – especially as they reach the podium – is deeply meaningful to me. Canadian athletes are so inspiring, and it’s a privilege to stand behind them and celebrate their incredible achievements,” said Sanjay Malaviya of the Malaviya Foundation.

In addition to the Team Canada Podium Awards, Olympic and Paralympic medalists receive support through the Canadian Olympic Committee’s Athlete Excellence Fund and the Paralympic Foundation of Canada’s Paralympic Performance Recognition Program. The latter was established in part through a C$4 million gift from the Malaviya Foundation in January 2024.

“Thank you to the Malaviya Foundation for its continued leadership and generosity, and for its ongoing commitment to championing Canadian athletes and Canadian sport. The Team Canada Podium Awards mean so much to the athletes whose performances in Milano Cortina captivated, united, and inspired the entire country. We hope this gift continues to inspire Canadians to support Team Canada in the years ahead,” said Jacquie Ryan, Chief Executive Officer of the Canadian Olympic Foundation and Chief Brand and Commercial Officer of the Canadian Olympic Committee.

“Through their continued support, the Malaviya Foundation has played a critical role in broadening access and advancing equity for Paralympic athletes to reach their full potential. This commitment meaningfully strengthens the pathway for Paralympic athletes to pursue excellence at the highest level. We are deeply appreciative of the Malaviya Foundation’s leadership and the lasting impact of their generosity,” said Scott Sandison, Executive Director of the Paralympic Foundation of Canada.

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