DONATION DIP AF TER DRUG SCANDAL
The Livestrong cancer charity saw fundraising and contributions nosedive in 2015 for a third straight year after a performance- enhancing drug scandal involving founder Lance Armstrong, pictured. Livestrong’s most recent federal financial disclosures show sharp declines in contributions, revenue and assets in 2015. Contributions fell to $3.7 million from $ 11.9 million the previous year. Total revenue fell to $ 6.2 million from $ 16.6 million and the charity was forced to spend cash reserves to cover operations. President Greg Lee says donations are rising again and patient services have expanded as the charity settles into its new normal of a smaller, leaner organization.