Thursday, July 25, 2013

Livestrong Tanking

by Gary Snyder


Livestrong, the cancer support charity that in November ended its relationship with founder Lance Armstrong because of his use of performance-enhancing drugs, had donations drop 8.1 percent to $22.7 million last year from 2011, according to an Internal Revenue Service filing. 
      
      The U.S. Anti-Doping Agency banned seven-time Tour de France winner Armstrong from cycling in August, and he resigned as Livestrong’s chairman in October. Armstrong said in January that he cheated in all of his tour victories from 1999-2005. 
    
      Support dropped 25 percent from 2010 levels and 45 percent from its $40.1 million in 2009 donations.

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