Robert Morris graduate Russ Olsen (Class of 1982) has made a seven-figure gift — called “transformative” by university officials — to boost several elements of the RMU men’s and women’s basketball programs.

The Olsen Basketball Excellence Fund will enhance special projects, nutrition initiatives, recovery tools, equipment and technology, facilities, travel and recruiting efforts.

The Robert Morris athletics program is challenging donors to match Olsen’s contribution by donating to the fund.

“We are profoundly thankful to Russ Olsen for his incredible generosity and vision,” Robert Morris athletic director Chris King said in a statement. “His commitment sets a precedent for others to follow. This matching challenge not only amplifies the impact of each contribution, but also empowers our administration and coaches to make strategic decisions that enhance our student-athletes’ experiences and the future of our athletics department. The support we receive today is pivotal for sustaining competitive excellence and will continue to benefit RMU for many years.”

Robert Morris University is thrilled to announce a transformative seven-figure gift from alumnus Russ Olsen ‘82, establishing the Olsen Basketball Excellence Fund. ????????

Read more ➡️ https://t.co/E24fv4f9sn pic.twitter.com/VuI7BOsBYC

— Robert Morris University (@RMU) May 1, 2024

Men’s basketball coach Andy Toole, added, “Russ Olsen’s support is nothing short of transformative for our program. His continued support allows us to invest in critical areas that directly benefit our athletes and enhances our ability to compete at the highest levels. We are incredibly grateful for Russ’ support and are excited about the future of RMU basketball.”

Olsen earned a degree in management and has more than 41 years of experience in executive management, sales and marketing. He has held senior positions in marketing, business development and sales for Fortune 500 companies.

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