Lance Armstrong has decided to leave the charity he founded, essentially determining he's too much of a distraction to Live Strong.
It's difficult to deny that big name founders don't matter to donors, especially in the start-up years of a nonprofit. But the successful founder is one who creates a charity with so much added value that their creation has merit beyond their name.
There's reason to believe that Mr. Armstrong has done a good job of making sure his charity has value beyond him and maybe separation now is actually helpful beyond just disassociating with a negative situation. Bottom line, donors and beneficiaries will determine how much the founder's departure matters. Of course if I were a planner of the charity in question, before Lance resigned I would be out asking donors why they give to the charity and asking beneficiaries how much the name matters. Then the next path would be clear.