Water
Vision
The Thornburg Foundation envisions a resilient water future in which people have universal access to clean, reliable water; watersheds, rivers, streams, springs, and aquifers are healthy or recovering; cities, agriculture, tribes, rural communities, and industry thrive; water is allocated equitably to historically disadvantaged communities; and water governance is well-informed, democratic, transparent, and fair.
The Foundation will promote collaborative, evidence-based solutions to build the resilience and health of the river and aquifer systems that provide a foundation for strong, vibrant communities. The transformation that we seek must be rooted in the needs and values of New Mexico’s people and driven by partnerships with the region’s tribes, nations, pueblos, acequias, and nonprofit organizations.
Goals
Goal 1: Improvements in New Mexico water governance
State water policy promotes water conservation and sharing, protects environmental values, and supports disadvantaged communities. Communities have the tools they need to tackle aridification and water scarcity and build water security and equity for people and nature.
Goal 2: Advances in water resilience in the state’s most populous and vulnerable river basins
Communities have developed integrated water resources management plans and invested in strategies that reduce pressure on existing water supplies and strengthen economic resilience. Local projects have produced information about the applicability, scalability, and co-benefits of these strategies.
Goal 3. Greater capacity and alignment among the state’s water management organizations
State, tribal, and local governments have secured and mobilized federal, state, and private funds for critically needed water projects. Community leaders have developed a shared vision for water resilience and are working together to achieve this vision.
Goal 4: Sound and comprehensive science to support planning and management
Development of robust water research, data, monitoring, and decision-support systems, including full implementation of the New Mexico Water Data Initiative. Integration of traditional water management knowledge into policy, planning, and management.

Patrick McCarthy
Senior Policy Officer Water
Patrick McCarthy is the Senior Water Policy Officer at the Thornburg Foundation. Trained as a scientist, he has worked for the last twenty years at the intersection of ecological science, water governance, and community capacity-building. Before joining the Thornburg Foundation, Patrick worked with water managers and community leaders across the U.S. Southwest and in southern Africa on evidence-based solutions for water resources policy, planning, and management. In his work with grantees and partners, Patrick aspires to help create a New Mexico in which healthy watersheds provide clean, abundant, and equitable water to communities and ecosystems. Patrick holds a master’s degree in ecology and a bachelor’s degree in anthropology/zoology and has been awarded fellowships by the Switzer Foundation and the American Association for the Advancement of Science. He lives in Santa Fe with his wife and two children.
Garrett Thornburg
Chairman of the Board
Garrett Thornburg is a recognized leader in innovative, actively managed, disciplined investment strategies and is chairman of Thornburg Investment Management, Inc., which he founded in 1982. Headquartered in Santa Fe, New Mexico, Thornburg Investment Management is an employee-owned investment firm that manages eight equity mutual funds, one alternate mutual fund, and eleven fixed-income funds for individual and institutional clients.
Before forming Thornburg Investment Management, Mr. Thornburg was a limited partner of Bear, Stearns & Co. and a founding member of that firm’s public finance department. He was also chief financial officer of New York State’s Urban Development Corporation, and served as financial advisor to the State of New Mexico’s Board of Finance.
He is a member of the Board of Governors of the Investment Company Institute and serves on the Board of Directors of the New Mexico School for the Arts – Art Institute. He is also chairman of the Thornburg Foundation and personally leads the company’s philanthropic efforts. Active in New Mexico philanthropy, in 2010 he received the Philanthropist of the Year award from the Journal Santa Fe, and in 2013 he was awarded the New Mexico Distinguished Public Service Lifetime Achievement Award. He is a former board member of the National Dance Institute of New Mexico, the Santa Fe Institute, and the Santa Fe Community Foundation. Mr. Thornburg received his BA from Williams College and his MBA from Harvard University.
Blair C. Naylor
Vice Chair
Blair Naylor is the founder and Managing Member of Palace Capital Management LLC, a registered investment advisor and family office based in Santa Fe, New Mexico. Prior to forming Palace Capital in 2002, Blair was a financial advisor with both Merrill Lynch and Smith Barney.
She began her career in investments at Bear Stearns & Co. in 1987. Blair has been an active community volunteer since moving to Santa Fe in 1988, serving on the boards and/or the investment committees of several local non-profit organizations. Since 1987 she has also served as a trustee of her family’s charitable foundation. Blair has been an active member of the Institute for Private Investors (a New York-based network of global family offices), New Mexico Association of Grantmakers, and Leadership New Mexico. Blair currently serves as a Director of Century Bank, a community bank based in Santa Fe.
A native of Louisiana, Blair earned her Bachelor of Arts from Tulane University in 1987. She lives in Santa Fe with her husband, Trey, and their two children.
Alon Kasha
Director
Alon Kasha brings his diverse background to the Thornburg Foundation. Alon’s personal relationship with Garrett Thornburg began over thirty years ago where they met in New Mexico while working jointly on a municipal bond deal.
Alon is a co-Founding Partner of A+B Kasha, a real estate, development, and design company based in Paris, France since 2004. Previous to this, Alon worked in various capacities in investment and private banking at several firms including Lazard Frères and Bessemer Trust. Alon is also a founding member of the Association François-Xavier Bagnoud, a foundation dedicated in great part to breaking the cycle of extreme poverty worldwide. The Foundation was created in 1989. Alon received his Bachelor of Arts in Economics and French from the University of Michigan, Ann Arbor.
Lloyd Thornburg
Director
Lloyd Thornburg is the founder of Team Phaedo, a yacht racing team that competes internationally with both a 66 ft. Gunboat catamaran and a MOD 70 trimaran. In 2015 the team set four sailing world records, three in one week. The team has also set numerous race records, often breaking existing records by several hours. In August 2001 he earned his Bachelors of Art with honors from the Art Center College of Design in Pasedena, California. He received his Masters degree in Liberal Arts from St. Johns College in Annapolis, Maryland in 2005.
Fred Nathan
Secretary
Fred Nathan is the Founder and Executive Director of Think New Mexico, the state’s independent, statewide, results oriented think tank.
Think New Mexico is best known for its successful campaigns to make full-day kindergarten accessible to every child and to repeal the state’s antiquated and regressive tax on food. Think New Mexico has also led successful initiatives to create a Strategic River Reserve to protect and restore New Mexico’s rivers, and to redirect millions of dollars a year out of the state lottery’s excessive operating costs and into full tuition scholarships.
Prior to founding Think New Mexico, Fred served as Special Counsel to New Mexico Attorney General Tom Udall from 1991-1998. In that capacity, he was in charge of New Mexico's successful $1.25 billion lawsuit against the tobacco industry. As Special Counsel, Fred also worked on several successful legislative initiatives.
Fred is a former trustee of Williams College in Williamstown, Massachusetts and is a Phi Beta Kappa and Cum Laude graduate of Williams as well as a Coro Foundation Fellow. Fred lives in Santa Fe with his wife, Arlyn, and their three children.
Brian Boyd
Director
Brian Boyd is an experienced and active private equity investor, board member, business founder and retired CEO, family asset manager, family trust management, owner and manager of diverse ranching operations, and private foundation Trustee.
Headquartered in Aspen, CO, Brian is Co-Trustee of a private family directed foundation focused on environmental stewardship incorporating ranch and farmland conservation, preservation and sustainability of wild life corridors and advancement of social equity and educational access with priority to land-based communities.
Elliott Thornburg
Director
Elliott Thornburg formerly worked as a mergers & acquisitions consultant at Deloitte where he advised clients on complex business transformations. He graduated cum laude from Claremont McKenna College with a degree in Philosophy, Politics, & Economics (PPE) and a sequence in Leadership Studies.
Kathy Keith
Director
Kathy has more than 25 years of experience in the public arena including working as a Legislative Director to a United States Congressman, as staff to the Secretary of the U.S. Department of Energy, as the Director of Economic Development Division for the New Mexico Economic Development Department and leading a nonprofit organization to further economic development in Northern New Mexico.
Kathy serves on the Boards of Groundworks New Mexico, and NM EPSCoR (National Science Foundation affiliate) Board of Directors. She formerly served as an elected member of the Governing Board of the Santa Fe Community College and currently serves as the Chair of the New Mexico Finance Authority Board.
Kathy is a lifelong New Mexican and first-generation college student who holds a Bachelor’s Degree in Journalism and Political Science from Texas Tech University and a Master’s Degree in Public Administration from the University of Southern California.
Officers
Garrett Thornburg, Chair
Blair C. Naylor, Vice Chair
Fred Nathan, Secretary
Jim Minich, Treasurer
Allan Oliver, President
Garrett Thornburg
Chairman of the Board
Garrett Thornburg is a recognized leader in innovative, actively managed, disciplined investment strategies and is chairman of Thornburg Investment Management, Inc., which he founded in 1982. Headquartered in Santa Fe, New Mexico, Thornburg Investment Management is an employee-owned investment firm that manages eight equity mutual funds, one alternate mutual fund, and eleven fixed-income funds for individual and institutional clients.
Before forming Thornburg Investment Management, Mr. Thornburg was a limited partner of Bear, Stearns & Co. and a founding member of that firm’s public finance department. He was also chief financial officer of New York State’s Urban Development Corporation, and served as financial advisor to the State of New Mexico’s Board of Finance.
He is a member of the Board of Governors of the Investment Company Institute and serves on the Board of Directors of the New Mexico School for the Arts – Art Institute. He is also chairman of the Thornburg Foundation and personally leads the company’s philanthropic efforts. Active in New Mexico philanthropy, in 2010 he received the Philanthropist of the Year award from the Journal Santa Fe, and in 2013 he was awarded the New Mexico Distinguished Public Service Lifetime Achievement Award. He is a former board member of the National Dance Institute of New Mexico, the Santa Fe Institute, and the Santa Fe Community Foundation. Mr. Thornburg received his BA from Williams College and his MBA from Harvard University.
Blair C. Naylor
Vice Chair
Blair Naylor is the founder and Managing Member of Palace Capital Management LLC, a registered investment advisor and family office based in Santa Fe, New Mexico. Prior to forming Palace Capital in 2002, Blair was a financial advisor with both Merrill Lynch and Smith Barney.
She began her career in investments at Bear Stearns & Co. in 1987. Blair has been an active community volunteer since moving to Santa Fe in 1988, serving on the boards and/or the investment committees of several local non-profit organizations. Since 1987 she has also served as a trustee of her family’s charitable foundation. Blair has been an active member of the Institute for Private Investors (a New York-based network of global family offices), New Mexico Association of Grantmakers, and Leadership New Mexico. Blair currently serves as a Director of Century Bank, a community bank based in Santa Fe.
A native of Louisiana, Blair earned her Bachelor of Arts from Tulane University in 1987. She lives in Santa Fe with her husband, Trey, and their two children.
Alon Kasha
Director
Alon Kasha brings his diverse background to the Thornburg Foundation. Alon’s personal relationship with Garrett Thornburg began over thirty years ago where they met in New Mexico while working jointly on a municipal bond deal.
Alon is a co-Founding Partner of A+B Kasha, a real estate, development, and design company based in Paris, France since 2004. Previous to this, Alon worked in various capacities in investment and private banking at several firms including Lazard Frères and Bessemer Trust. Alon is also a founding member of the Association François-Xavier Bagnoud, a foundation dedicated in great part to breaking the cycle of extreme poverty worldwide. The Foundation was created in 1989. Alon received his Bachelor of Arts in Economics and French from the University of Michigan, Ann Arbor.
Lloyd Thornburg
Director
Lloyd Thornburg is the founder of Team Phaedo, a yacht racing team that competes internationally with both a 66 ft. Gunboat catamaran and a MOD 70 trimaran. In 2015 the team set four sailing world records, three in one week. The team has also set numerous race records, often breaking existing records by several hours. In August 2001 he earned his Bachelors of Art with honors from the Art Center College of Design in Pasedena, California. He received his Masters degree in Liberal Arts from St. Johns College in Annapolis, Maryland in 2005.
Fred Nathan
Secretary
Fred Nathan is the Founder and Executive Director of Think New Mexico, the state’s independent, statewide, results oriented think tank.
Think New Mexico is best known for its successful campaigns to make full-day kindergarten accessible to every child and to repeal the state’s antiquated and regressive tax on food. Think New Mexico has also led successful initiatives to create a Strategic River Reserve to protect and restore New Mexico’s rivers, and to redirect millions of dollars a year out of the state lottery’s excessive operating costs and into full tuition scholarships.
Prior to founding Think New Mexico, Fred served as Special Counsel to New Mexico Attorney General Tom Udall from 1991-1998. In that capacity, he was in charge of New Mexico's successful $1.25 billion lawsuit against the tobacco industry. As Special Counsel, Fred also worked on several successful legislative initiatives.
Fred is a former trustee of Williams College in Williamstown, Massachusetts and is a Phi Beta Kappa and Cum Laude graduate of Williams as well as a Coro Foundation Fellow. Fred lives in Santa Fe with his wife, Arlyn, and their three children.
Brian Boyd
Director
Brian Boyd is an experienced and active private equity investor, board member, business founder and retired CEO, family asset manager, family trust management, owner and manager of diverse ranching operations, and private foundation Trustee.
Headquartered in Aspen, CO, Brian is Co-Trustee of a private family directed foundation focused on environmental stewardship incorporating ranch and farmland conservation, preservation and sustainability of wild life corridors and advancement of social equity and educational access with priority to land-based communities.
Elliott Thornburg
Director
Elliott Thornburg formerly worked as a mergers & acquisitions consultant at Deloitte where he advised clients on complex business transformations. He graduated cum laude from Claremont McKenna College with a degree in Philosophy, Politics, & Economics (PPE) and a sequence in Leadership Studies.
Kathy Keith
Director
Kathy has more than 25 years of experience in the public arena including working as a Legislative Director to a United States Congressman, as staff to the Secretary of the U.S. Department of Energy, as the Director of Economic Development Division for the New Mexico Economic Development Department and leading a nonprofit organization to further economic development in Northern New Mexico.
Kathy serves on the Boards of Groundworks New Mexico, and NM EPSCoR (National Science Foundation affiliate) Board of Directors. She formerly served as an elected member of the Governing Board of the Santa Fe Community College and currently serves as the Chair of the New Mexico Finance Authority Board.
Kathy is a lifelong New Mexican and first-generation college student who holds a Bachelor’s Degree in Journalism and Political Science from Texas Tech University and a Master’s Degree in Public Administration from the University of Southern California.
Officers
Garrett Thornburg, Chair
Blair C. Naylor, Vice Chair
Fred Nathan, Secretary
Jim Minich, Treasurer
Allan Oliver, President
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