Livestrong foundation sees big decline in donations

Lance Armstrong’s legacy seems to have hurt the cyclist’s former charity, Livestrong.

According to recently released tax documents, the organization has seen a significant drop in donations, particularly in the last two years since the disgraced cyclist admitted to doping.

Between 2012 and 2013, the foundation’s donations plummeted by 34 per cent. Their overall income dropped 38 per cent, or $23 million, during that same period.

Most shockingly, the foundation has seen a 63 per cent decrease in donations since 2009, when Armstrong came out of retirement in a failed attempt to win an eighth Tour de France. In 2012, he was banned for life from the sport and stripped of all seven of his Tour titles.

The organization was initially heavily tied to the iconic athlete, and was even called the Lance Armstrong Foundation until 2013, when it was forced to distance itself from Armstrong after the scandal broke.