International Olympic Committee (IOC)

Reference work entry
Part of the The Statesman's Yearbook book series (SYBK)

Founded in 1894 by French educator Baron Pierre de Coubertin, the International Olympic Committee is an international non-governmental, non-profit organization whose members act as the IOC’s representatives in their respective countries, not as delegates of their countries within the IOC. The Committee’s main responsibility is to supervise the organization of the summer and winter Olympic Games. It owns all rights to the Olympic symbols, flag, motto, anthem and Olympic Games.

Aims. ‘To contribute to building a peaceful and better world by educating youth through sport, practised without discrimination of any kind and in the Olympic Spirit, which requires mutual understanding with a spirit of friendship, solidarity and fair play.’

Finances. The IOC receives no public funding. Its only source of funding is from private sectors, with the substantial part of these revenues coming from television broadcasters and sponsors.

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