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The Brazilian Olympic Committee or BOC (Portuguese: Comitê Olímpico Brasileiro – COB) is the highest authority in Brazilian sport and the governing body of Brazilian Olympic sport. It was officially founded on June 8, 1914 but World War I caused its official activities to begin only in 1935. It was founded at the headquarters of the Brazilian Federation of Rowing Societies (Federação Brasileira das Sociedades de Remo) as an initiative from the Metropolitan League of Athletic Sports (Liga Metropolitana de Esportes Atléticos). The BOC has multiple sources of income, but its principal means of funding is its 2% share of all the profits from the Brazilian National Lottery and other games of chance.