The planned memorial in Munich for the 11 Israeli athletes and officials killed by Palestinian terrorists at the 1972 Olympics in the Bavarian capital will receive a $250,000 donation from the International Olympic Committee, German newspaper Suddeutsche Zeitung reported.

The donation was authorized by new IOC President Thomas Bach and will be added to the total $2.3 million budget for the memorial, which is due to be built between the Olympic Village and the Olympic Stadium in Munich.

In 2012, the IOC was slammed for refusing to hold a minute's silence at the London 2012 Olympics to mark the 40th anniversary of the Munich massacre. At the time, IOC President Jacques Rogge rejected calls for an official commemoration during the opening ceremony.

According to a report in Inside the Games, the Federal German Government has pledged $476,000 of the projected total cost, with further donations from Bavaria, Munich and the German Olympic Sports Confederation.