The LA84 Foundation (known until June 2007 as the Amateur Athletic Foundation of
Los Angeles) is a private, nonprofit institution created by the Los Angeles Olympic Organizing Committee to manage Southern California's endowment from the
1984 Olympic Games. Under an agreement made in 1979, 40 percent of any surplus was to stay in Southern California, with the other 60 percent going to the
United States Olympic Committee. The total surplus was $232.5 million. Southern California's share was approximately $93 million.
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