I will second that recommendation.
Peter
-----Original Message-----
From: Wikimedia-l [mailto:wikimedia-l-bounces@lists.wikimedia.org] On Behalf Of Pine W
Sent: Wednesday, 02 December 2015 8:14 AM
To: Wikimedia Mailing List
Subject: Re: [Wikimedia-l] Endowment Discussion
As good as having an endowment might be, I would like to see substantial improvements to
WMF's budget transparency and annual plan process before the fundraising for an
endowment starts.
Pine
On Dec 1, 2015 15:25, "Risker" <risker.wp(a)gmail.com> wrote:
Heh. $100 million USD is just a little more than is
raised (and
spent) on an annual basis throughout all the Wiki-chapters and WMF,
including grants that are separate from direct fundraising. It
*might* last 5-7 years of bare-bones "keeping the lights on only"
functions, but that would mean no software upgrades (except what
volunteers do in accord with their own desire as opposed to actual
need), no community support, no funds to chapters, no Wikimania or
hackathons or other conferences, no support for free-as-in-libre work,
and very little assurance that if there were major changes in the most
commonly used platforms, the WMF would be able to keep up-to-date with this.
This is going to take a fair amount of thinking through, and needs to
include our thinking about what we would consider the minimal
operating functions of the project, and how long it would need to be
able to proceed.
Risker/Anne
On 1 December 2015 at 18:09, Mardetanha <mardetanha.wiki(a)gmail.com> wrote:
do we have any definite number that if reach then
we would not any
fundraiser again in the future (I really would like to to see WMF in
the position in which, it would not need yearly fundraiser to stand
up and
keep
running ) , like 100 M mentioned in the meta page
?
Mardetanha
On Tue, Dec 1, 2015 at 4:22 PM, phoebe ayers <phoebe.wiki(a)gmail.com>
wrote:
On Mon, Nov 30, 2015 at 12:09 PM, Lisa Gruwell
<lgruwell(a)wikimedia.org
> wrote:
> > Hi all-
> >
> > For several years, the Wikimedia movement has been having
> > discussions <https://meta.wikimedia.org/wiki/Endowment> about
> > whether and when
to
> begin
> > building an endowment. I put an essay up on meta recently in an
attempt
to
> rekindle this conversation with the community. We included
> launching
an
endowment
in the FY 2015-16 annual plan.
Fantastic, this is exciting news. I am very happy to see this
moving forward, and will comment on the talk page of the endowment essay.
On Mon, Nov 30, 2015 at 1:01 PM, Brion Vibber
<bvibber(a)wikimedia.org>
wrote:
Thinking about our social responsibility as an
investor is
probably worthwhile.
I agree, and this is a good point to bring up.
The endowment, if it's of a scale that will be effective, will
have an investment manager and perhaps even an investment
committee. I think directing that group to look at investment
vehicles (i.e. mutual
funds) with certain value guidelines in mind would be appropriate,
much as we would direct them to have certain financial goals and
levels of risk in mind. Figuring out what those values should be
might not be so easy, but we could look at the investment policies
of other large socially-minded organizations for ideas.
best,
Phoebe
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