Michael Phelps is putting his Olympic money where his mouth is. He is using his $1 million dollar bonus (who pays that stuff, anyway) to fund a swimming foundation. The Michael Phelps Foundation will benefit kids.
More pictures after the lap…
Actually, Speedo paid the million dollar bonus to Phelps after he won 8 gold medals this year. He begins the educational part of his foundation with an 8 city trip, where he will speak with kids and share his experiences with the Olympics according to the Wall Street Journal. He will provide a message of encouragement and tell kids to reach for their dreams.
![altFP_946597_FP_SCREAM2007_79_1019071[1]](http://anythinghollywood.com/wp-content/2010/03/FP_946597_FP_SCREAM2007_79_10190711.jpg "FP_946597_FP_SCREAM2007_79_1019071[1]")
