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LAF Endowment Board of TrusteesThe 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. Michael Sherwin, Chairman Mr. Sherwin is a resident of Cleveland, Ohio and has been involved in the private equity capital investment business for many years. In addition to serving on many corporate boards, both public and private, Mr. Sherwin has had active roles with several non-profit organizations. From 1992 to 1997, he served as president of The Cleveland Museum of Art, an organization with an annual budget of approximately $35 million and an endowment of nearly $800 million. He is the founding chairman of the LAFE Board of Trustees.
Mr. Cavner is a principal of Waxman Cavner Lawson, a financial services firm serving high net worth individuals, and SALI Fund Services, L.P., a fund administration company based in Austin and New York. He has been actively involved with the LAF since 1999 and currently serves as Chairman of the LAF Board of Directors. Cavner holds both business and law degrees from The University of Texas at Austin and has served on the UT Gift Planning Advisory Council. He lives with his wife Chris in Austin, Texas.
Jeffery C. Garvey Mr. Garvey is co-founder and general partner of Austin Ventures, the largest venture capital firm in the Southwest with more than $3.5 billion under management and the third largest early-stage investment firm in the United States. Mr. Garvey has been actively involved with the LAF since its inception in 1997. He is the founding chairman of the LAF Board of Directors.
Ms. Cook has more than 30 years of experience in the investment industry starting as an equity trader at Goldman Sachs and continuing into hedge fund management. She is CIO of Steinhardt Mgt. Co. and general partner of Nepeta Partners, LP. She is involved with a number of philanthropic endeavors, most notably with Memorial Sloan-Kettering Cancer Center. She is a trustee of Milestone Funds (money market mutual funds) and serves on the board of Fifth Avenue Alternative Investments (Bessemer Trust). Ms. Cook received a BA from Wheaton College where she is a trustee. She received her MBA from NYU.
Mr. O'Reilly has a lifelong career in the automotive parts industry. He received a business administration degree from Drury College, and in 1993 was appointed co-chairman of the board and co-president of O'Reilly Automotive Inc. as well as chief operating officer of O'Reilly Auto Parts. He is a prominent civic leader through his involvement in St. John's Regional Health Center, Big Brothers/Big Sisters, Co-Chairman of the Victims Center Capital Campaign, Drury University, Springfield Catholic Schools Development Board, the Community Foundation, Springfield Sports Commission, Springfield Hall of Fame and chairman of the Missouri Sports Hall of Fame. In 1992, the O'Reilly family received the prestigious National Entrepreneur of the Year Award in addition to the Outstanding Philanthropist of the Year. In 2003, Mr. O'Reilly retired from O'Reilly Auto Parts, but remains active on the board as co-chairman and continues to oversee the O'Reilly Family Foundation.
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