The Croatian Olympic Committee, Croatian Olympians Club and Sportske Novosti daily sports newspaper signed the agreement on the establishment of the Croatian Athletes Foundation in December 2006 to provide financial support for those top Croatian athletes, who hadn't managed to secure a bare subsistence during their sports careers.
The Foundation is run by the Management Board, the members of which are Stojko Vrankovic, Gordan Kozulj, Danijela Grgic, Tamara Boros, Goran Sukno, Tomislav Smoljanovic, Igor Boraska and Vlado Sola, Blanka Vlasic, Vedran Corluka and Zvonimir Boban, who was appointed its Chairman by the Management Board. Temporary administrator of the Foundation is Biserka Vrbek, Assistant Secretary General of the Croatian Olympic Committee.
The funds to support athletes will come from donations by the Foundation's founding and other members, through the activities of the Foundation and contributions by Croatian and foreign natural and juristic persons. By signing the agreement, the founding members obliged themselves to donate seed money: the Croatian Olympic Committee donated 300,000 kunas and the Croatian Olympians Club and Sportske Novosti 40,000 kunas each.