Hi Pine,
This our current Investment Policy https://wikimediafoundation.org/wiki/Wikimedia_Foundation_Investment_Policy. It was approved on April 25, 2014.
Our current policy is that all gifts of stock and bonds are sold and then held as cash or reinvested in the Short Term fund as appropriate. We do not hold gifts of stocks or bonds.
Regards,
Garfield
On Mon, Aug 10, 2015 at 1:57 PM, Pine W wiki.pine@gmail.com wrote:
Garfield,
Thanks for providing this.
Brief question: I thought that the WMF investment policy was that it would hold CDs and treasuries only. Did that change? I'm particularly interested in the stock reserves, because I thought that WMF previously said that always rapidly it divests itself of stocks and corporate bonds that it receives as donations and converts them to CDs and treasuries. Did that statement apply only to individual stocks and not to indices, ETFs, mutual funds, etc?
My very brief review of the Investment Report is pretty reassuring in the sense that the IR shows WMF holding a generally conservative mix of funds that seems to be primarily aimed at preserving capital.
Thanks,
Pine
Pine
On Mon, Aug 10, 2015 at 10:03 AM, Garfield Byrd gbyrd@wikimedia.org wrote:
The Investment Report https://wikimediafoundation.org/wiki/File:US_Trust_Short_Term_and_Long_Term_WMF_Investments_Performance_June_2015.pdf for the Wikimedia Foundation, as of June 30, 2015 is posted. Please contact me with any questions.
Regards,
Garfield
-- Garfield Byrd Chief of Finance and Administration Wikimedia Foundation 415.839.6885 ext 6787 415.882.0495 (fax) www.wikimediafoundation.org
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