Must Read: Lance Armstrong steps down from Livestrong board

Supporters fear a decline in donations to the charity Armstrong founded

Lance Armstrong cuts Livestrong ties to save donations — Bloomberg

Lance Armstrong, the seven-time Tour de France cycling winner stripped of his titles on charges he cheated, has resigned from the board of the Livestrong Foundation, the charity he began 15 years ago after testicular cancer nearly ended his career.

The move, coming 18 days after he stepped down as the group’s chairman, is designed to further distance him from the Austin, Texas-based foundation as a way to help it survive the fall from grace of one of the world’s best-known athletes, officials said yesterday in announcing the move.

Armstrong’s last day as a board member was Nov. 4, said Katherine McLane, a foundation spokeswoman. While the group’s officials said they have sufficient reserves to overcome a contribution downturn, supporters said they were concerned the move may not be enough to overcome the damage already done.

“It’ll take years until people think of it as something other than being” Armstrong’s charity, said Steve Schooner, 52, a testicular cancer survivor whose fundraising won him a bike ride with Armstrong in 2009 and brought in $50,000 for the foundation. “He is the engine behind most of the high-profile fundraising and events. Even a tour of the headquarters, with his jerseys and bike art, makes clear he’s the focal point.”

The foundation’s mission is to connect cancer patients with resources to help with their care, and to inspire them to live active lives, a goal Schooner, a law professor at George Washington University in Washington, said he still supports.

 Full story >>