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How to Start a Charity Like Bill Gates

Contributor
By eHow Contributing Writer
(2 Ratings)

Bill Gates started a sizable charity just a few years ago and, with the help of friend and fellow billionaire Warren Buffet, grew it to the largest charity in the world. Starting something on the scale of the Bill and Melinda Gates Foundation is difficult, but using their approach to charity is not.

Difficulty: Challenging
Instructions
  1. Step 1

    Identify global and local problems that a charity could help to improve with the right management and resource, as Bill Gates did as early as 1994 when he endowed the William H. Gates Foundation with $94 million and decided to focus on global health and community building in the Pacific Northwest of America.

  2. Step 2

    Broaden the fields of interest of your charity to make a specific aim into a general and more powerful one, like Gates did when he broadened the Gates Library Foundation into the Gates Learning Foundation. At the same time, consolidate your other efforts into one parent charity such as the Bill and Melinda Gates Foundation, which was created in 1999.

  3. Step 3

    Endow your charity with a good chunk of money, following Gates' lead when he gave the Bill and Melinda Gates Foundation $16 billion dollars and a new headquarters in Seattle. While you won't be able to make an endowment as large as Gates', the important thing is to give as much as you possibly can.

  4. Step 4

    Focus your charity on international poverty and problems but, like the Bill and Melinda Gates Foundation, keep your center of operations in the U.S. Divide the charity into functional sections, such as the Gates Foundation's Global Health and Global Development section. Like the Gates, you should also include a U.S. program in your charity.

  5. Step 5

    Hire the most talented managers and foundation executives, such as Gates Foundation CEO Patty Stonesifer, who held consulting positions at Dreamworks SKG and management roles at Microsoft.

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