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March of Dimes was originally just the name for the charity walk sponsored by the foundation. An original radio ad asked listeners to donate just a dime to help the cause. The organization soon began to be known by its event, and its name was eventually officially changed.
The tournament was created in 1939 by the National Association of Basketball Coaches, and was the idea of Ohio State University coach Harold Olsen. Played mostly during March, it is known informally as March Madness or the Big Dance, and has become one of the most famous annual sporting events in the United States.