The article analyses the history of creation of the International Olympic Academy, its structure, characteristics and prospects for functioning. The special attention is given to the activities of true enthusiasts of the Olympic Movement, whose efforts contributed to the creation of the IOA and realization of its mission as an international cultural center, established to preserve and disseminate the spirit of Olympism, to study and implement the educational and social principles of the Olympic Games, to consolidate the various forces around the Olympic idea.