Q&A: Jeff Raikes Jeff Raikes takes over the Gates Foundation at a turbulent time when philanthropic resources are down and social needs are up Jeff Raikes grew up on his family's 3,000-acre farm near Ashland, Neb. He learned to drive a tractor at age 7, and by age 9 he was working evenings and weekends in the cornfields. He left Nebraska for Stanford University, planning to pursue a career in agricultural policy. Bitten by the high-tech bug, Raikes stayed in Silicon Valley after graduation and joined Apple Computer. After a two-year stint working for Steve Jobs, Raikes ventured north to join Bill Gates at Microsoft. Over the next 28 years Raikes led many important tasks, eventually becoming one of the software giant's top executives. Last fall, Raikes was named CEO of the Bill & Melinda Gates Foundation. Raikes didn't have much experience in philanthropy, but he did have Bill Gates' trust. And when you are in charge of spending several billion dollars of the Gateses' money each year, it is essential to have that trust. In this interview with Stanford Social Innovation Review Managing Editor Eric Nee, Raikes discusses the reasons that Bill and Melinda Gates selected him to lead their foundation. He goes on to explain how managing a foundation and managing a business are similar, particularly when it comes to taking risks and investing for the long term. Raikes also talks about why the Gates Foundation increased its grantmaking by close to 10 percent in 2009, even as the foundation's endowment fell. >>Continue reading this interview New Social Innovation Conversation Tomás Recart: Social Enterprise in Chile's Educational System Social enterprise crosses borders in the area of education with Enseña Chile, a project without precedent in Latin America that seeks to transform young professionals from different areas into teachers of excellence for the pupils of the country's most vulnerable schools. In this audio interview with Stanford Center for Social Innovation correspondent Sheela Sethuraman, Executive Director Tomás Recart talks about what the organization is doing to create educational change in Chile using the Teach For America model. He discusses how Enseña Chile recruits teachers and evaluates its impact on students, as well as how it is sharing its knowledge with efforts in other Latin American countries. He considers challenges to the program's acceptance in Chile, and offers advice to entrepreneurs interested in starting a social enterprise. >>Click here to listen The Latest From the SSIR Blog Marcia Stepanek: Three Social Entrepreneurs Sell Shares in Selves to Scale Three young social entrepreneurs—setting a radical precedent in the social innovation sector—have just announced they will offer up a portion of their future income in exchange for immediate resources to scale their social enterprises. The trio has created a Web site and a name for their request—the Thrust Fund. They announced their bold move Tuesday on the Social Edge Web site in a post entitled, "Invest in Me, Take My Equity." The three entrepreneurs are: Saul Garlick, 26, founder of ThinkImpact, a startup nonprofit that connects American students to rural villages in Africa to alleviate poverty; Kjerstin Erickson, 26, the founder of FORGE, and Jon Gosier, 28, the founder of AppAfrica, a social venture investing in African software entrepreneurs to create jobs and build their own companies. >>Continue reading this post | Subscribe to social change! We're offering new and renewing subscribers the Stanford Social Innovation Review magazine for 23% off! Act now and pay only $39.95 for one year. FROM OUR PARTNERS Help Us Defeat Child Mortality! The GAVI Alliance invested $3.4 billion to vaccinate 256 million children and is now combating pneumonia and diarrhea, the top killers of kids. The GAVI Fund Board seeks directors with senior executive experience to scale-up resources. Send nominations to dsellers@gavialliance.org by January 31, 2010. More Opportunity Collaboration Become a delegate at a four-day strategic and problem-solving retreat. Nonprofit leaders, for-profit social entrepreneurs, funders and social investors will come together this year in Ixtapa Mexico. Join us as we break down the silos of unproductive competition and go beyond the boundaries of conventional poverty alleviation. www.opportunitycollaboration.net Collaboration for the Greater Good: Social and Environmental Responsibility in the Global Supply Chain April 29, Stanford University This conference will explore how innovative collaborations between businesses, nonprofits, and governments can solve social and environmental problems in the global supply chain while maintaining or even enhancing profits. Registration discount through March 5th. www.gsb.stanford.edu/ser SSIR EVENTS SSIR Live! Webinar Series Join us for "Catalytic Philanthropy: A New Approach in Uncertain Times," the next installment in our new webinar series, SSIR Live! On January 26 at 2pm EST, Mark Kramer, Managing Director of FSG Social Impact Advisors, will be in conversation with featured catalytic philanthropist Tom Siebel and Independent Sector's Diana Aviv. For more information and to register, click here. |
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