bracelet which replaced the "LIVESTRONG" text with "CHEAT TO WIN." Finances Figures provided by the foundation to ESPN in October 2012 revealed that, despite Armstrong's acknowledgement that he doped, revenues were up 2.1 percent, to US$33.8 million, through September 30, 2012—according to ESPN, this total represented a 5.4 percent increase from 2011, with a 5.7 percent increase in the average dollar amount of those donations (from US$74.88 in 2011 to US$79.15 in 2012). Over the duration of its existence, the foundation has generated more than US$500 million worth of funds. Since Armstrong's departure, the foundation's income has continued to drop. The foundation revealed that its 2013 budget was 10.9 percent less than its 2012 budget, and annual reports from the foundation show a continuous drop in revenue with annual contributions falling from $15.8 million in 2011 to $10.7 million in 2012, $7.9 million in 2013, $3.8 million in 2014, $6.7 million in 2015, $4.2 million in 2016, $3.5 million in 2017, and $3.2 million in 2018, Income from licensing and royalties also declined dramatically, from a high of $7.2 million in 2007 to a low of $13,875 in 2017. References External links Official website Charity Navigator's rating of Lance Armstrong Foundation Cancer charities in the United States Charities based in Texas Organizations based in Austin, Texas Foundation Organizations established in 1997 1997 establishments in Texas Medical and health organizations based in Texas