LeBron James may make millions but his nonprofit organization isn't so lucky. The LeBron James Family Foundation launched by the Cleveland Cavaliers star is
cutting its staff and some of its charitable work. The foundation will still do their annual June bikeathon but will use consultants instead of staff. James has said that the foundation is being streamlined to make better use of money. The foundation may end up only having a board of directors. Charities all over are cutting back. The major draw for sports star charities is of course the name of the player. Over the past few years having a foundation has become pretty much mandatory for players of note in a variety of sports but these charities also depend on community and corporate support which may be lacking in the current economic climate.
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