Yes, thanks, those are relevant policies. It appears that we don't have a
policy that aligns WMF's investment choices with organizational values. For
short-term investments where the goals are liquidity and preservation of
capital, I think that this alignment should be relatively easy to achieve.
For longer term funds that have the goal of accumulating returns, aligning
organizational values with ROI may be a little more challenging but
probably not impossible. Hopefully Garfield and/or Stu will comment on the
possibility of creating a policy about aligning investment choices with
organizational values. I think WMF's donors would appreciate having a
policy that they could look at, especially when considering a possible WMF
endowment.
Pine
On Mon, Oct 13, 2014 at 3:23 PM, James Alexander <jalexander(a)wikimedia.org>
wrote:
On Mon, Oct 13, 2014 at 12:14 PM, Pine W
<wiki.pine(a)gmail.com> wrote:
Hi Garfield,
Thanks for the update.
Is there public documentation somewhere about WMF investment policy? Who
manages the investments, how was that firm or people chosen, and how
often
is the performance and risk of the portfolio and
the investment manager
reviewed by the Board? I am particularly interested in making sure that
the
investments chosen are in alignment with the
values of the Foundation and
have suitable risk levels, and I hope that the Board reviews these issues
periodically.
Hey Pine, it looks like you may be looking for
https://wikimediafoundation.org/wiki/Wikimedia_Foundation_Investment_Policy
and
https://wikimediafoundation.org/wiki/Investment_Guidance.
I will say that as someone on the internal 401k committee ( employee
retirement program) mission and values driven decisions are incredibly
difficult to balance well with our legal fiduciary responsibility and so
always ended up having to be a secondary (though not ignored) issue. That
is, however, a bit of a different case then the greater WMF investments
since our main job is to make sure good 'options' are available for the
staff to choose from rather then actually controlling their money.
James Alexander
Legal and Community Advocacy
Wikimedia Foundation
(415) 839-6885 x6716 @jamesofur
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