Our Story & Team

From Texas Vision
to National Impact

Texas leaders understood something fundamental: economic prosperity flows from strategic investments in education and research. They built a $2 trillion economy — home to more than 50 Fortune 500 companies and the 8th largest in the world — by investing in universities and research institutions that produce the brainpower driving innovation in technology, energy, healthcare, aerospace, and advanced manufacturing.

The Alternatives Foundation was born from this insight. Founded in Texas and now serving institutions nationwide, we turn illiquid assets into philanthropic capital that strengthens the universities and research organizations powering America's innovation economy.

We specialize in converting stakes in limited partnerships, general partnerships, and privately held businesses into support for transformative education and research. We are building a billion-dollar fund of closely-held shares in America's most prized ventures and partnerships. By contributing illiquid assets through TAF, donors join a network of the nation's most successful investors, founders, owners, and operators.

Leadership

Founded and led by operators and investors

Jarett Rodriguez
Founding CEO & Executive Director

Jarett Rodriguez

25+ years launching and building privately funded companies and public organizations. Developed LSU's self-sustaining Stephenson Entrepreneurship Institute, served as instructor of LSU's first course on Innovation & Creativity, built collaborations with NFL and MLB, co-created the LSU100, taught innovation and entrepreneurship through executive education, and built businesses in multiple states and on 2 continents as a serial entrepreneur. Recognized by the White House as a "catalyst for change."

Philip Sanger, M.D.
Co-Founder & Managing Partner

Philip Sanger, M.D.

Physician-entrepreneur with 25+ years as a pulmonary and critical care specialist. Founded a Medicare Advantage health plan (taken public), built a PPO to 50K+ subscribers, and grew Intercede Health from 3 people into a medical management company serving 1M+ patients. Helped launch HealthSpring through its 2006 IPO. Board member of Intercede Health, Televero Health, and Wenzel Spine; advisor to Santé Ventures.

Rudy Garza
Co-Founder & Managing General Partner

Rudy Garza

Investor and board member across 20+ companies, with several sold to publicly traded firms including SAP, ADP, Prudential, and Cisco Systems. Longtime NVCA and Texas Venture Capital Association member. Former Chairman of the UT Alumni Association (Texas Exes); lifetime honorary trustee of the Dell Children's Medical Center Foundation. St. Edward's University and UT Austin.

Scott Holstead
Managing Director

Scott Holstead

Named FT 400 Top Financial Adviser in 2014–15 and ranked among Barron's America's Top 1000 Financial Advisors. Former U.S. Treasury Office of Tax Policy and George H.W. Bush White House. Washington & Lee and University of Michigan.

Kerry Hall
Retired Banking Executive

Kerry Hall

Second employee and later President of Texas Capital Bank's Austin Region. Built TCB's Private Wealth Advisors division. Former chair, Austin Chapter of the American Heart Association. Appointed by Gov. Rick Perry to Texas One, the Texas Economic Development Corporation Board (2005–2011).

Brent Iverson, Ph.D.
Distinguished Teaching Professor

Brent Iverson, Ph.D.

Distinguished Teaching Professor in the College of Natural Sciences at UT Austin. Stanford and Caltech trained. Raised in Silicon Valley, Brent brings a deep belief in how supportive environments unlock innovation—focusing on student success and new approaches to education inside and outside the classroom.

Jeff Nash
President & COO

Jeff Nash

30+ year career in finance, banking, consulting, and database management. UT Austin BBA & MBA. Active civic leader—board service includes the UT Alumni Association, Texas Bankers Association, Rodeo Austin, and the American Heart Association, which honored him with a research grant in his name.

John T. Rippel
Managing Partner

John T. Rippel

40+ years and 100,000+ multifamily units. Founding Partner of Alliance Residential; former President/COO of Gables Residential following its 1994 IPO. Earlier led south Texas for Trammell Crow Residential and was a CPA at Ernst & Young. UT Austin BBA.

Joe Milam
Founder

Joe Milam

30+ years in investment and fintech. Pioneered angel investing infrastructure including cap-table management and investor relations tools. Featured in Barron's and Forbes. Dedicated to improving funding experiences for entrepreneurs and investors.

Raleigh Dewan
Partner

Raleigh Dewan

Entrepreneur and investor who has founded and exited three companies across CPG, SaaS, and MedTech. Manages the venture portfolio at Greenwood & Cavalier and advises family offices on private-market strategy. Creator of SteadiSpoon, a patented assistive device featured on Fox News, NBC, and The Dallas Morning News. National Academy of Engineering Grand Challenges Scholar, Coca-Cola Scholar, and Texas Business Hall of Fame Future Business Legend.

50+ Members

Our Advisory Board

Our advisory board brings together investors, operators, attorneys, bankers, and academics from across the country — united by a shared commitment to the advancement of education and research.

Dick Benkendorf
Managing Partner • Technology Impact Partners • University of Notre Dame
Locke Braly
President • Integral Properties Inc. • University of Texas
Christy Cardenas
Founder • Iris Invest • University of Texas
Gus Cardenas
President / CEO / Co-Founder • Austin Healthcare Council • University of Texas
Melford Carter
Principal, Private Equity • GCM Grosvenor • University of Texas
Quan Cosby
VP Risk Management • Marsh & McLennan • University of Texas
Art DelVesco
Art DelVesco
DelVesco Family Investments GP, LLC
Sonia Desai
Partner • Weaver • University of Toronto
Stephen Dyer, JD
Partner, Section Chair – Private Clients • Baker Botts • University of Texas / UT School of Law
Alan D. Feld
Partner • Akin Gump Strauss Hauer & Feld • SMU / Columbia Law School
Lynne Fowler
Founder • Astera Group • University of Texas
Jeffrey Hamilton, JD
Partner • The Blum Firm • University of Texas / SMU Dedman School of Law
Mike Harder
Consultant • Consulting Harder • Baylor University
Boyd Heath
Co-Founder and CFO • Rockcliff Energy • University of Texas
Craig Hester
Principal, VP, Portfolio Manager • Luther King Capital Management • University of Texas
Wayne Hollingsworth
Member • Ambrust & Brown • Baylor University / Baylor Law School
Gregg Honigblum
Chief Investment Officer • SINTX Technologies • University of Texas
Mitch Jacobson
TOWER Fellow • University of Texas at Austin • University of Florida
Steven Knebel
Partner • Maxwell Locke & Ritter LLP • University of Texas
Richard Leshin
Partner • Welder Leshin LLP • University of Texas / UT School of Law
Emily Macey
Counsel • Hunton Andrews Kurth • University of Texas / University of Houston Law
Hall Martin
Founder & CEO • TEN Capital Network • Baylor University
Greg Matthews
Founder and Principal • HealthQuant • Lake Forest College
Will Matthews
Vice President Commercial Banking • Truist • University of Texas
Jim McBride
Founder and Managing Member • Blue Sage Capital • University of Texas
Cale McDowell, JD
Partner • Jackson Walker LLP • University of Texas at Austin / University of Texas School of Law
Bill McLellan
Community Activist & Entrepreneur • University of St. Thomas
Mark McMeans
CEO & Co-Founder • Brasada Capital Management • University of Texas at Austin / Rice University
Mark Metcalfe
EVP, Commercial Banking • Susser Bank • University of Texas / UT Arlington
Eric Moreland
Owner • Eric Moreland Group – Moreland Properties • University of Texas / Texas Tech
Seth Morton, PhD
President • Healthcare Velocity Center • Michigan State / University of Freiburg / Rice University
Damon Rawie
Managing Director • Advantage Capital • Wesleyan University / University of Chicago
Gabriel Reyna
Managing Partner • Bandera Capital • Texas State University
Daron K. Roberts, JD
Chief Dive Instructor • Deep End Ventures • University of Texas / Harvard Kennedy School / Harvard Law
Maile Roberts-Loring
Maile Roberts-Loring
Founder • Salt Lick Cellars • University of Texas
Michael Rogala
Private Client Advisor, Senior Vice President • Bank of America Private Bank • Texas A&M University
Meredith Sanger
Senior Vice President & COO • Sanger Investments • University of Texas / NYU
David Sawyer
CEO & Co-Founder • Unlimited.ai • University of Texas / University of Houston Law
Sam L. Susser
Chairman & CEO • Susser Bank • University of Texas
Jimmy Treybig
Founder and CEO • Tandem Computers • Rice University / Stanford University
Paul Walker
Partner • Zone Read Ventures • University of Texas
Lucas Walters
Principal • Bridgepoint Consulting • Concordia University / University of Texas
Pete Winstead, JD
Pete Winstead, JD (in memoriam)
Founder • Winstead PC • Stanford University / University of Texas Law School
Darrell Windham
Managing Partner • Dickinson Wright PLLC • University of Texas
Greg Yokum
Executive Director – Senior Investment Advisor • Texas Capital Bank • Harding University / Université de Genève / Carnegie Mellon
Candice Young
Sr. Director of Strategic Partnerships • Harris County • University of Texas / Vanderbilt University