Alex Ohanian's $776K Gift to UVA Basketball

Alexis Ohanian, co-founder of Reddit and an alumnus of the University of Virginia, has made a historic donation of $776,000 to the UVA Women's Basketball team, marking the largest gift in the program's history. This donation, spread over four years, aims to attract championship-level talent and elevate the team to national prominence. Ohanian, a known advocate for women's sports, expressed his commitment to supporting UVA, emphasizing the need for investment in women's athletics beyond charity towards excellence and business returns. UVA's Athletic Director, Carla Williams, praised Ohanian's foresight and dedication, which she believes will significantly impact the program's future. The donation is also part of Ohanian's broader effort to address the under-investment in women's sports, inspired by past disparities such as those highlighted during the 2021 NCAA women's basketball tournament.