As part of its 100th anniversary, L.L. Bean is preparing to make a $1 million gift to a nonprofit to support healthy lifestyles for Maine children.

Chris McCormick, CEO and president, will publicly announce the beneficiary of L.L. Bean's gift on Tuesday, according to a report from Bloomberg. Olympic gold medalists Seth Wescott and Joan Benoit Samuelson will be participating in the event.


The company is also donating up to $1 million to the National Park Foundation with a goal of increasing family outdoor recreation and getting children to visit national parks.