AUSTIN, TX--(Marketwire -03/05/12)- The Lance Armstrong Foundation today announced it has received Charity Navigator's top rating of four out of four stars for its excellent financial heath, accountability and transparency. The foundation, also known by its powerful brand, LIVESTRONG®, has a distinguished 15-year history of serving people and families affected by cancer and empowering communities to take action against the world's leading cause of death.
"For 15 years, the Lance Armstrong Foundation has worked to improve the lives of people affected by cancer," said Greg Lee, Chief Financial Officer of the Foundation. "Today we celebrate an honor that recognizes not only the important work we do, but the open and transparent way in which we do it. We couldn't be more proud of our four star rating by Charity Navigator."
"Receiving four out of a possible four stars indicates that the Foundation adheres to good governance and consistently executes its mission in a fiscally responsible way," said Ken Berger, President and CEO of Charity Navigator. "This 'exceptional' designation from Charity Navigator differentiates the Lance Armstrong Foundation from its peers and demonstrates to the public it is worthy of their trust."
As America's leading independent charity evaluator, Charity Navigator works to advance a more efficient and responsive philanthropic marketplace by evaluating the financial health and accountability and transparency of America's largest charities. Charity Navigator guides intelligent giving by helping people give to charity with confidence.
The Lance Armstrong Foundation specializes in free, bilingual patient navigation services that help cancer survivors and their families overcome the insurance, financial, emotional and practical challenges that accompany a cancer diagnosis. The Foundation offers no-cost referrals in English and Spanish to free cancer screening resources throughout the U.S. through its website, LIVESTRONG.org, and toll-free number, (855) 220-7777.
The Foundation also has a successful history of advocating for cancer survivors by supporting policies and funding that enhance cancer prevention, aid access to care and diminish the effects of tobacco. Lance Armstrong and the Foundation led the campaign for Proposition 15 in Texas in 2007, a measure that created a $3 billion fund for cancer research and prevention in that state. Currently, the Foundation is supporting California's Proposition 29, a life-saving initiative that will raise millions for cancer research through a $1 per pack tobacco tax increase. Prop 29 is on the June primary ballot.
About LIVESTRONG/Lance Armstrong Foundation
LIVESTRONG serves people affected by cancer and empowers them to take action against the world's leading cause of death. Created as the Lance Armstrong Foundation in 1997 by cancer survivor and champion cyclist Lance Armstrong, the organization is now known publicly by its powerful brand -- LIVESTRONG -- and is a leader in the global movement on behalf of 28 million people around the world living with cancer today. Originating with the iconic yellow wristband, LIVESTRONG has become a symbol of hope and inspiration to people affected by cancer around the world. Since its inception, the organization has raised $450 million for the fight against cancer. For more information, visit LIVESTRONG.org.
About Charity Navigator (www.charitynavigator.org)
Charity Navigator is the largest charity evaluator in America and its website attracts more visitors than all other charity rating groups combined. The organization helps guide intelligent giving by evaluating the Financial Health and Accountability & Transparency of over 5,000 charities. Charity Navigator accepts no advertising or donations from the organizations it evaluates, ensuring unbiased evaluations, nor does it charge the public for this trusted data. As a result, Charity Navigator, a non-profit 501 (c) (3) organization itself, depends on support from individuals, corporations and foundations that believe it provides a much-needed service to America's charitable givers. Charity Navigator, can be reached directly by telephone at (201) 818-1288, or by mail at 139 Harristown Road, Suite 201, Glen Rock, N.J., 07452.