Endowment

The Lance Armstrong Foundation (LAF) established in December 2003, the Lance Armstrong Foundation Endowment (LAFE) as a separate 501(c)(3) known as a 'Supporting Organization.' The specific purpose of the LAFE is to help maintain long-term financial security for LAF's programmatic goals.

The LAFE provides donors with the opportunity to make gifts to the Lance Armstrong Foundation (LAF) that are more permanent in nature and at the same time to create a personal Named Fund in the LAFE in Honor or Memory of a loved one, a friend, or for any purpose that is aligned with the Mission of the LAF. The Named Fund has perpetual recognition in our Annual Report and giving societies. A minimum gift amount of $25,000, which may be funded over five (5) years, is required to establish a Named Fund in the Endowment and additional funds may be added by anyone to the Named Fund at anytime, and in any amount. A Named Fund may also be accepted by the LAFE with bequest and IRA funding. In that case the Named Fund is not recognized until the bequest or IRA funds.

Earnings from the Named Funds are annually distributed by the LAFE to the LAF by a Spending Policy established under the governance of the LAFE Board of Trustees. The Named Fund and other LAFE Endowment funds are invested and managed by an independent third party investment advisor with the fiscal oversight by the LAFE Board of Trustees.

Please contact Ron Kolenic at 512-279-8413, or e-mail at ron.kolenic@livestrong.org, for more information.