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The board passed a resolution redefining the committee system in 2009: http://wikimediafoundation.org/wiki/Resolution:Wikimedia_Committees. That resolution defined all of the committees in operation at that time, and disbanded those that were no longer needed or inactive. The fundraising committee isn't mentioned specifically, but I'm sure it was no longer operational by that point.
--Michael Snow
Indeed, the fundraising committee is mentioned in the "staff committees"
section:
"Past committees include the Technical Committee and Fundraising Committee, which are not currently active."
This shows that the fundraising was not only disbanded in practice, it was disbanded officially too.
-Liam