The Legacy and Sustainability plan for the Paris 2024 Olympic and Paralympic Games — 107 In order to break down Paris 2024’s social and environmental ambitions operationally, on 24 January 2019 the Board of Directors of the organising committee approved the methods of funding and steering the Legacy and Sustainability strategy, as well as the creation of a special tool. After careful consideration, the Board of Directors decided to allocate a budget of €50 million exclusively for legacy-related projects and create an endowment fund. This decision helps to ringfence the resources by opening up opportunities for Paris 2024’s partner marketing companies to sponsor projects as part of the Legacy and Sustainability strategy, as well as formalise a collective governance that closely binds the members of the Paris 2024 Board of Directors. The budget allocated to legacy and sustainability projects can therefore come from three sources: • the budget of the organising committee, which contributes up to €50 million (some of which is transferred to the Paris 2024 endowment fund); • instruments and funding from stakeholders, which Paris 2024 can promote; • additional funding from Paris 2024’s partner marketing companies. In order to leverage these resources and break down the Legacy and Sustainability strategy operationally, the Paris 2024 endowment fund was officially created on 27 June 2019. It is a platform for social innovation through sport that sets out to support projects that harness sport to make a social impact. This tool and the methodological approach it takes are designed to be passed on as a legacy after 2024. The future of the endowment fund will be outlined in 2022. SOCIAL INNOVATION THROUGH SPORT IN FRANCE THE PARIS 2024 ENDOWMENT FUND A TOOL TO RINGFENCE THE RESOURCES INVESTED IN LEGACY-RELATED PROJECTS