Livestrong Gives $50 Million to UT-Austin Med School

August 19, 2014 12:31 PM

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After a period of soul-searching, the Livestrong Foundation announced Tuesday that it is making a major strategic move — giving a $50 million gift to the University of Texas at Austin's new Dell Medical School to create the Livestrong Cancer Institutes.

Originally called the Lance Armstrong Foundation, the cancer-fighting organization changed its name in 2012 following the infamous doping scandal involving its founder and namesake, who was ultimately pushed out as the organization’s chairman.

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