LOS ANGELES (CBSLA.com) — Olympic gold medalist and 10-time world champion boxer Oscar De La Hoya will present new boxing equipment to five different youth gyms across Los Angeles.

The equipment is worth thousands of dollars, and De La Hoya will be on hand to present the equipment to dozens of members of the youth gyms.

READ MORE: Racehorse Dies At Santa Anita Park, 20th Such Incident This Year

This will be De La Hoya’s third annual boxing equipment giveaway, which is organized by the Oscar De La Hoya Foundation.

In 1995,  De La Hoya started his Foundation to help improve the quality of life for those living in disadvantaged communities.

READ MORE: Flyers Containing Hate Speech Related To Jewish People Distributed To Beverly Hills Homes

The Foundation is donating new, state-of-the-art boxing equipment to five gyms in Southern California that serve youth in economically disadvantaged communities plagued by gang and drug violence.

The equipment will help these local gyms to provide youth in their communities with an opportunity to engage in boxing as an after-school program alternative to gang activities.

The gyms receiving equipment from De La Hoya are Grampa’s Boxing Gym in Orange County, the Azusa Boxing Gym in Azusa, the Westside Boxing Club in Los Angeles, the Azteca Boxing Club in Bell and the Lugo Fitness Center in Cudahy.

MORE NEWS: Hollywood Christmas Parade Returns Sunday After Year Off Due To COVID-19

(©2015 CBS Local Media, a division of CBS Radio Inc. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed. Wire services contributed to this report.)