Lisa
Thanks anyway. Perhaps one of the members of the Board will comment, in the interests of transparency.
Ronald
On Tue, Aug 22, 2017 at 8:57 PM, Lisa Gruwell lgruwell@wikimedia.org wrote:
Sorry, I wasn't at the meeting, so I can't speak to that.
On Tue, Aug 22, 2017 at 12:09 PM, Rogol Domedonfors <domedonfors@gmail.com
wrote:
Lisa
Thanks for that explanation. If it had already been decided to
contribute
the $5M to the Endowment before the offer of matching funds, then there would be no appearance of the offer influencing the Board's decision.
Can
you confirm that was the case? But the main point of my question to the Board is to ask why they decided that placing this large sum into the Endowment was more important than using it to support the work of the volunteer community (whether or not the offer of matching funds was part
of
that decision) directly. Can you throw any light on their reasons?
Rudyard
On Tue, Aug 22, 2017 at 6:38 PM, Lisa Gruwell lgruwell@wikimedia.org wrote:
Just jumping in with a few points of information regarding the
Endowment:
- I met with Lukas at Wikimania regarding SRI and the endowment. As
James
indicated, the endowment is invested through the Tides Foundation and
this
is one of the areas of expertise. We have been looking at
environmental,
social, and governance (ESG) ratings as well as how funds perform
against
the benchmarks financially. We are going to be publishing more
information
about this soon.
- Regarding the matching grant, this funder has made large grants to
the
Wikimedia Foundation for general support for our annual work for
almost a
decade. They have also now provided major support to the endowment.
They
have provided generous support for our present work and our future
work.
It is positive thing that this grant was positioned as a matching
grant.
It doubles the impact of a portion of the contributions that our online donors made this year. It is a great story that we are sharing with
other
potential endowment donors. We are hoping to find another major donor
(or
donors) that will match the $5 million for the endowment that is in the
FY
2017-18 annual plan as well.
Best, Lisa
On Tue, Aug 22, 2017 at 9:15 AM, James Heilman jmh649@gmail.com
wrote:
I have been send further details. As expected Tides (who runs our endowment) has a strong philosophy around social justice.
James
On Tue, Aug 22, 2017 at 11:01 AM, Cristian Consonni <
cristian@balist.es>
wrote:
On 22/08/2017 17:03, James Heilman wrote:
Andrea I agree completely that movement monies should be invested
inline
with our values. We should not be invested in stuff that promotes
war
or
surveillance for example. I would image this is currently the
case
but
would have to verify.
I wholeheartedly agree with Andrea.
C
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