BBB Wise Giving Report for
Lance Armstrong Foundation

BBB Wise Giving Report issued May 2010
BBB Wise Giving Report expires May 2012


This BBB Accredited charity meets all 20 Standards for Charity Accountability and is a Seal Holder. Find out more...


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Charity Contact Information

Name: Lance Armstrong Foundation
Address: 2201 East Sixth Street
  Austin, TX 78702
Phone: 512-279-8380
512-836-8820
Web Address: www.livestrong.org
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BBB Wise Giving Alliance Comments

Year, State Incorporated: 1997, Texas
Affiliates: Lance Armstrong Foundation Endowment, Lance Armstrong Foundation Events, Lance Armstrong Foundation Merchandise
Stated Purpose: "to enhance the quality of life for those living with, through and beyond cancer and to promote the optimal physical, psychological and social recovery and care of cancer survivors and their loved ones."

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Evaluation Conclusions

              

Lance Armstrong Foundation (LAF) meets the 20 Standards for Charity Accountability.
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Programs

              

LAF provides grants for cancer survivorship research; grants to community organizations; delivery of cancer survivorship education and support services; and grants to survivorship centers at academic medical institutions. In addition, LAF focuses on building partnerships with other national organizations and individuals to enlist them in the fight to establish high quality services and policies benefiting those affected by cancer. LIVESTRONG® Young Adult Alliance works to improve the survival rates and quality of life for young adults living with cancer. LIVESTRONG® Survivorship Center of Excellence Network is an initiative to create and maintain a network of survivorship centers that fosters collaboration to increase the impact in cancer survivorship. LAF funds programs initiated at community-centered non-profit organizations and agencies that cover topics such as general cancer survivorship education and support, physical activity, exercise and nutrition for cancer survivors, and pain, palliative and end-of-life care. LIVESTRONG® SurvivorCare provides cancer survivors with information, referrals, case management and patient navigation, allowing them to identify and address critical cancer-related issues and communicate with their health care team. The program assists cancer survivors in managing the physical, emotional and practical aspects of their cancer experience, including psychosocial support, patient navigation services, and matching to cancer clinical trials.

For the year ended December 31, 2008, LAF's program expenses were:

  
Grants and programs 13,485,452
Education and program development 7,268,168
Grassroots advocacy 3,800,251
Programs and policy 1,962,285
Government relations 997,955
Total Program Expenses: $27,514,111
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Governance

              

Chief Executive : Doug Ulman, President and CEO
Compensation*:
$257,774

Chair of the Board: Lance Armstrong
Chair's Profession / Business Affiliation: Sports Athelete

Board Size: 16

Paid Staff Size: 79

*2008 compensation includes annual salary and, if applicable, benefit plans, expense accounts, and other allowances.
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Fund Raising

              

Method(s) Used:

Radio, Internet appeals, and cause-related marketing.
Fund raising costs were 12% of related contributions. (Related contributions, which totaled $35,816,669, are donations received as a result of fund raising activities.)
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Tax Status

              

This organization is tax-exempt under section 501(c)(3) of the Internal Revenue Code. It is eligible to receive contributions deductible as charitable donations for federal income tax purposes.
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Financial

              

The following information is based on LAF's audited financial statements - consolidated for the fiscal year ended December 31, 2008.

Source of Funds  
Royalties 12,987,846
Contributions 12,164,736
Special event revenue (net) 9,550,250
Program merchandise and services (net) 3,129,460
Grant Revenue 1,113,837
Other expense -41,059
Invesment Income -8,873,485
Total Income $30,031,585


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Uses of Funds as a % of Total Expenses

Programs: 81%  Fund Raising: 12%  Administrative: 7% 

Total income   $30,031,585
  Program expenses $27,514,111
  Fund raising expenses 4,190,835
  Administrative expenses 2,379,503
 
Total expenses   $34,084,449
Expenses in Excess of Income   (4,052,864)
Beginning net assets   57,060,687
Ending net assets   53,007,823
Total liabilities   12,615,163
Total assets   $65,622,986


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An organization may change its practices at any time without notice. A copy of this report has been shared with the organization prior to publication. It is not intended to recommend or deprecate, and is furnished solely to assist you in exercising your own judgment. If the report is about a charity and states the charity meets or does not meet the BBB Standards for Charity Accountability, it reflects the results of an evaluation of information and materials provided voluntarily by the charity. The name Better Business Bureau is a registered service mark of the Council of Better Business Bureaus, Inc.

This report is not to be used for fund raising or promotional purposes.

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