[1] He serves on the boards of Giving Tech Labs,[2] Hudl,[3] Costco Wholesale,[4] the Jeffrey S. Raikes School of Computer Science and Management at the University of Nebraska-Lincoln,[5] and the Microsoft Alumni Network.
Raikes was promoted to vice president of Office Systems, where he was responsible for development and marketing of word processing, workgroup applications and pen computing.
On May 12, 2008, it was announced that Raikes would replace Patty Stonesifer as the CEO of the Bill & Melinda Gates Foundation;[10] he stepped down in favor of Susan Desmond-Hellmann on May 1, 2014.
Raikes joined with other local business leaders to purchase the team, keeping them "safe at home" for the enjoyment of Northwest baseball fans.
In 2006–2007, he co-chaired the annual campaign of United Way of King County with his wife, setting a national record for funds raised.
Raikes is a major donor to the Center for Comparative Studies in Race and Ethnicity at Stanford University where he also established the Jeff and Tricia Raikes Undergraduate Scholarship Fund to ensure that students admitted to Stanford from rural and inner-city schools have an opportunity to attend the university.