Toyota creates $5 million fund to sponsor US Paralympic athletes

Toyota is allocating $5 million worth of stipends and sponsorship opportunities for U.S. Paralympic athletes hoping to compete in the Paralympic Games this year in Tokyo or the 2022 Winter Games in Beijing.

The Japanese car manufacturer will partner with the U.S. Olympic & Paralympic Foundation, which would provide a one-time stipend of $3,000 to all eligible Team USA Paralympic athletes who are in training to compete in the games.

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“As a TOP partner of the International Olympic Committee and International Paralympic Committee, and in alignment with the values of Toyota, we’re proud to have the opportunity to support all eligible Team USA Paralympic athletes who will represent our country on the world’s largest stage,” said Lisa Materazzo, group vice president for Toyota Marketing and Toyota Motor North America, in a statement.

Toyota will also offer sponsorship opportunities for athletes who are named to the U.S. Paralympic Team.

Toyota will also lend its engineering expertise to Paralympic athletes who require specialized equipment or human guides while competing.

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In 2015, Toyota became the worldwide mobility partner of the Olympic and Paralympic Committees for the 2017-2024 period, according to a company press release.

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