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Patty Stonesifer stepping down at Gates Foundation

By Gary Jacobson

February 7, 2008 at 12:07am

The head of the Bill & Melinda Gates Foundation, Patty Stonesifer, told The New York Times that she would step down as head of the world’s largest philanthropic organization by the end of the year.

“It’s the right time,” Stonesifer, 51, told the Times. “We have a lot of momentum now, our strategies are in place, and it’s time to take the organization to the next level where we deliver on those strategies.”

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The former senior executive at Microsoft helped start the foundation seven years ago. She is married to columnist Michael Kinsley.

The Gates foundation has $37 billion in assets and gives away $3 billion a year. Bill Gates was a founder of Microsoft.

In 2006, billionaire investor Warren Buffett pledged most of his fortune to the foundation. “Holy cow!” Stonesifer said upon learning the news.

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