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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 Mike 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, Mike 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.
Larry 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, and 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, Larry retired from O'Reilly Auto Parts, but remains active on the board as vice-chairman and continues to oversee the O'Reilly Family Foundation.
Dennis Cavner is a principal of Waxman Cavner Lawson, a financial services firm serving high net worth individuals. He has been actively involved with the Lance Armstrong Foundation since 1999, is a past Chairman of the Board and is a Trustee of the Lance Armstrong Foundation Endowment. Dennis holds both business and law degrees from the University of Texas at Austin and serves on the Advisory Board of the RGK Center for Philanthropy and Community Service of the LBJ School of Public Affairs at UT. He lives with his wife, Chris, in Austin, Texas.
Jeff Garvey is one of the founders of Austin Ventures. AV has over $3 billion under management and is the most active venture and growth equity firm in Texas and among the most established in the nation. Jeff has been actively involved with the Lance Armstrong Foundation since its inception in 1997. He is the founding chairman of the LAF Board of Directors.
Karen 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 serves on the board of Fifth Avenue Alternative Investments (Bessemer Trust) and is on the Board of Overseers and co-chairs the investment committee of the International Rescue Committee. Karen received a BA from Wheaton College and received her MBA from NYU.
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