> Half will come 20 years after their first qualifying Olympic appearance or at age 45, whichever comes later. Another $100,000 will be in the form of a guaranteed benefit for their families after they pass away.

The terms are atrocious. imo dude will move money into a his own charity which will hold onto it since no athlete qualify for the next 20 years. After a few years, he will quietly cancel the grant and use it elsewhere.