What does livestrong do with money




















With about half as many full-time employees as five years ago, the charity served , people in , including online assistance. Wristband distribution also plummeted to about , last year. To shelter itself from the fallout surrounding its founder, the foundation tried to make a clean break — removing his framed Tour de France jerseys from an office wall and returning the artwork he had provided for decoration at its headquarters. Yet many Livestrong constituents still hail him as a hero, separating his sins in cycling from the lives that are touched by charity.

The list includes navigating the health insurance maze, financial aid, preserving fertility and getting counseling for children. Kinney went to Livestrong to help him get counseling for his year-old son and 8-year-old daughter. I see it as two distinct things. Livestrong partners with Dell Medical School at University of Texas at Austin to establish the Livestrong Cancer Institutes , an innovative enterprise that places people affected by cancer at the center of designing and delivering cancer care, education and research.

Livestrong successfully pilots a post-treatment fertility preservation program. Livestrong at the YMCA grows to serve over 35, cancer survivors in more than locations in 40 states. The Foundation hosts the inaugural Livestrong Summit. Livestrong Leader program starts.

The Lance Armstrong Foundation changes its name to Livestrong. The newly designed and built Livestrong HQ is opened at E. Sixth St. Livestrong Global Cancer Campaign launches and travels around the world, from Australia to Mexico to Italy throughout the year. The Livestrong Global Cancer Summit brings together more than world leaders, corporations, non-governmental organizations and advocates who are all working to reduce the burden of cancer in their own communities.

Now, Livestrong needs to find an identity, and a path forward -- as a cancer charity that doesn't fund cancer research -- and without its founder, who is no longer affiliated with the organization. But earlier this year, then-executive vice president Andy Miller spoke at Livestrong's first annual meeting without Lance Armstrong.

Lance Armstrong resigns from Livestrong board. We have to reintroduce ourselves to donors, to survivors, and to patients to reassure them that we're not hunkering down, we're doubling down on our commitment to them. McLane says the charity's mission is to help cancer survivors, with programs that have improved the lives of 2. At the charity's Austin headquarters, there's a brand new transportation program for patients.

McLane says Livestrong developed a pilot recently that recruits volunteers to help patients without access to a car get to their chemo appointments. The charity also gives out grants -- to help fund conferences and a nationwide network of summer camps, supporting the children of cancer patients. Critics were already accusing Armstrong of using his charity as a so-called "cancer shield" to deflect persistent doping allegations. Birdsong also felt there were frivolous expenses that did more to promote Armstrong -- at events like the Tour de France -- than fight cancer.

Our programs, awareness events and advocacy work are the heart of what we do and our leaders and donors provide both the vision and the support for us to carry out our mission. Since , we've been working to improve the lives of people affected by cancer. We started as a small group trying to raise money to fight this disease.

As cancer has quietly become the world's leading cause of death, our work has expanded and now reaches every corner of the globe.

We empower the cancer community to address the unmet needs of cancer survivors. To do so, we encourage collaboration, knowledge-sharing and partnership. Livestrong Foundation is a c 3 organization, with an IRS ruling year of , and donations are tax-deductible. Is this your nonprofit? Access your Star Rating Portal to submit data and edit your profile.

We also track accountability and transparency policies to ensure the good governance and integrity of the organization. This charity's score is Donors can "Give with Confidence" to this charity. This score is calculated from two sub-scores: Finance: Back to Top. This beta feature is currently viewable only on desktop or tablet screens. Check back later for updates. This measure reflects the percent of its total expenses a charity spends on the programs and services it exists to deliver. Dividing a charity's average program expenses by its average total functional expenses yields this percentage.

We calculate the charity's average expenses over its three most recent fiscal years. As reported by charities on their IRS Form , this measure reflects what percent of its total budget a charity spends on overhead, administrative staff and associated costs, and organizational meetings.

Dividing a charity's average administrative expenses by its average total functional expenses yields this percentage. This measure reflects what a charity spends to raise money. Fundraising expenses can include campaign printing, publicity, mailing, and staffing and costs incurred in soliciting donations, memberships, and grants.

Dividing a charity's average fundraising expenses by its average total functional expenses yields this percentage. Part of our goal in rating the financial performance of charities is to help donors assess the financial capacity and sustainability of a charity.

As do organizations in other sectors, charities must be mindful of their management of total liabilites in relation to their total assets.

Dividing a charity's total liabilities by its total assets yields this percentage. To calculate a charity's fundraising efficiency, we divide its average fundraising expenses by the average total contributions it receives. We calculate the charity's average expenses and average contributions over its three most recent fiscal years.

Determines how long a charity could sustain its level of spending using its net available assets, or working capital, as reported on its most recently filed Form We include in a charity's working capital unrestricted and temporarily restricted net assets, and exclude permanently restricted net assets.

Dividing these net available assets in the most recent year by a charity's average total expenses, yields the working capital ratio. We calculate the charity's average total expenses over its three most recent fiscal years. Charity Navigator looks to confirm on the Form that the organization has these governance practices in place. A diversion of assets — any unauthorized conversion or use of the organization's assets other than for the organization's authorized purposes, including but not limited to embezzlement or theft — can seriously call into question a charity's financial integrity.

We check the charity's last two Forms to see if the charity has reported any diversion of assets. If the charity does report a diversion, then we check to see if it complied with the Form instructions by describing what happened and its corrective action. This metric will be assigned to one of the following categories:. Audited financial statements provide important information about financial accountability and accuracy. They should be prepared by an independent accountant with oversight from an audit committee.

It is not necessary that the audit committee be a separate committee. Often at smaller charities, it falls within the responsibilities of the finance committee or the executive committee. The committee provides an important oversight layer between the management of the organization, which is responsible for the financial information reported, and the independent accountant, who reviews the financials and issues an opinion based on its findings.

We check the charity's Form reporting to see if it meets this criteria. Full Credit: The charity's audited financials were prepared by an independent accountant with an audit oversight committee.

Charity Navigator looks to confirm on the Form , or for some metrics on the charity's website, that the organization has these policies in place. Donors have expressed extreme concern about the use of their personal information by charities and the desire to have this information kept confidential. The exchanging and sale of lists for telemarketing and the mass distribution of "junk mail," among other things, can be minimized if the charity assures the privacy of its donors.

Privacy policies are assigned to one of the following categories:. Yes: This charity has a written donor privacy policy published on its website, which states unambiguously that 1 it will not share or sell a donor's personal information with anyone else, nor send donor mailings on behalf of other organizations or 2 it will only share or sell personal information once the donor has given the charity specific permission to do so.

The privacy policy must be specific to donor information. A general website policy which references "visitor" or "user" personal information will not suffice.



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