Simplify the following text for a Grade 12 native English-speaking person.
Original: The 2020 Summer Olympics , officially known as the Games of the XXXII Olympiad , are a major international sports and cultural festival , which will be celebrated in the tradition of the Olympic Games .
Simplified: The 2020 Summer Olympics , which will be officially known as the Games of the XXXII Olympiad is a sporting event that the International Olympic Committee ( IOC ) has yet to organize .