Postcards
Power Point: Focus your philanthropic giving
September 25, 2008: 4:01 PM ET"I think every foundation would probably be better off if they took on a narrower set of things and they took them on in a deeper way and a longer-term way. What you're providing is not just money. You're providing a voice. You're providing expertise. You're creating jobs. And when you first get into an area, you're naïve. You make mistakes."
--Bill Gates, co-chair of the Bill & Melinda Gates Foundation, said this in a conversation with Bill Clinton at the Clinton Global Initiative conference in New York City yesterday. The Microsoft (MSFT) founder's point about focus parallels Jennifer Buffett's big idea in her guest post on Postcards. For more on the Gates' philanthropic endeavors, see today's other post, The Gates Foundation's new boss.
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Fortune senior editor at large Pattie Sellers has written some of Fortune's most talked-about cover stories, including "Marissa Mayer: Ready to Rumble at Yahoo," "Oprah's Next Act," "Can Meg Whitman Save California?" "The $100 Billion Woman" (Melinda Gates), and "Remodeling Martha" (Martha Stewart). She has helped oversee Fortune's "Most Powerful Women in Business" package every year since its launch in 1998. Pattie is Executive Director of the Fortune Most Powerful Women Summit, the preeminent gathering of women leaders in business and beyond. She oversees MPW programs that enable women leaders to extend their influence and empower the next generation—such as Fortune MPW Entrepreneurs and the Fortune-U.S. State Department Global Women Leaders Mentoring Partnership. Beyond her Fortune duties, she is also developing Live Content across Time Inc. Pattie grew up in Allentown, PA, graduated from the University of Virginia, and started at Fortune in 1984. Her blog, Postcards, is about how power players lead, manage others, and navigate their careers.
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