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.