Stonesifer, 56, who oversaw the Gates Foundation endowment of $39 billion and a staff of more than 500 for nine years, will manage the D.C. charity’s $6 million budget, 81 paid employees, three vans and thrift shop.
Martha’s Table plans an official announcement Wednesday. But as word of Stonesifer’s unexpected career move began to circulate in recent days, it inspired twin reactions: “Wow!” and “Why?”
Overachievers usually work their way from small to big. Having Stonesifer come run a small local charity is like General Electric business titan Jack Welch showing up to manage the corner appliance store, or one of the Super Bowl-bound Harbaugh brothers deciding to coach high school football.
“If you just look at my résumé, I find that I have to explain this,” Stonesifer said last week at the temporary office she’d established at a Busboys and Poets table across the street from her new home base. In between a series of briefings from Martha’s Table managers, she tried to explain how a top-of-the-charts philanthropy pro came to match fates with an ambitious local charity.
“But if you know me, I don’t have to explain it at all,” she said. “I absolutely think I can help Martha’s Table, but this is going to be wonderful for me.”
A shift in scale
Cathy Sulzberger, the head of the Martha’s Table board of directors, was in a taxicab last fall when she got a call from the headhunter leading the board’s search for a new leader: A surprising — and exciting — candidate had applied.
“Honestly, my first response was, ‘Is Patty Stonesifer sure she wants this kind of job?’ ” recalled Sulzberger.
Running the 33-year-old nonprofit group will certainly be a shift in scale. Under Stonesifer, the Gates Foundation became the largest philanthropic institution in the world. It has set colossal, planet-shifting goals for itself: eradicating polio and malaria, transforming American high schools, and more.
Before that, Stonesifer was a senior vice president at Microsoft responsible for developing MSNBC, Encarta and Slate magazine (now owned by The Washington Post Co.).
More recently, President Obama asked her to chair his White House Council for Community Solutions, and she has just wrapped up a stint as chairman of the Smithsonian Institution’s Board of Regents. Stonesifer has appeared on Time magazine’s annual list of the 25 Most Influential People. She is married to journalist and founding Slate editor Michael Kinsley. She is a boldface name.
“There is no phone call that Patty would make that wouldn’t be returned, none at all,” said Diana Aviv, president of Independent Sector, a Washington-based coalition of nonprofit groups and foundations.