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Today's Topics:

   1. Re: WMF transfers $8.7 million to "Wikimedia Knowledge Equity
      Fund" (Christophe Henner)


----------------------------------------------------------------------

Message: 1
Date: Sun, 13 Dec 2020 12:39:31 +0100
From: Christophe Henner <christophe.henner@gmail.com>
To: Wikimedia Mailing List <wikimedia-l@lists.wikimedia.org>
Subject: Re: [Wikimedia-l] WMF transfers $8.7 million to "Wikimedia
        Knowledge Equity Fund"
Message-ID:
        <CAFaJbjehxW5Rq5gaqzN=_wMS=_e_=AJPmoXMx2n9=rUQTB6=Ww@mail.gmail.com>
Content-Type: text/plain; charset="utf-8"

It is the endowment.

Le dim. 13 déc. 2020 à 10:37 AM, Yair Rand <yyairrand@gmail.com> a écrit :

> No, the Wikimedia Endowment is a separate thing.
>
> -- Yair Rand
>
> ‫בתאריך יום א׳, 13 בדצמ׳ 2020 ב-4:18 מאת ‪Michael Peel‬‏ <‪
> email@mikepeel.net‬‏>:‬
>
>> https://meta.wikimedia.org/wiki/Wikimedia_Endowment ?
>>
>> On 13 Dec 2020, at 08:33, Yair Rand <yyairrand@gmail.com> wrote:
>>
>> According to the recent Independent Auditors' Report of the WMF [1], at
>> some point prior to the end of June 2020, an entity called the "Wikimedia
>> Knowledge Equity Fund" was established, and $8.723 million was transferred
>> to it by the WMF, in the form of an unconditional grant. The Fund is
>> "managed and controlled by Tides Advocacy" (a 501(c)(4) advocacy nonprofit
>> previously led by the WMF's current General Counsel/Board Secretary, who
>> served as CEO, Board Secretary, and Treasurer there). Given that a Google
>> search for "Wikimedia Knowledge Equity Fund" yields zero results prior to
>> the release of the report, it is clear that the WMF kept this significant
>> move completely secret for over five months, perhaps over a year. The
>> Report FAQ additionally emphasizes that the WMF "has no right of return to
>> the grant funds provided, with the exception of unexpended funds."
>>
>> The WMF unilaterally and secretly transferred nearly $9 million of
>> movement funds to an outside organization not recognized by the
>> Affiliations Committee. No mention of the grant was made in any Board
>> resolutions or minutes from the relevant time period. The amount was not
>> mentioned in the public annual plan, which set out rather less than this
>> amount for the entire grantmaking budget for the year. No application was
>> made through any of the various Wikimedia grants processes. No further
>> information has been provided on the administration of this new Fund, or on
>> the text of the grant agreement.
>>
>> I am appalled.
>>
>> -- Yair Rand
>>
>> [1]
>> https://upload.wikimedia.org/wikipedia/foundation/f/f7/Wikimedia_Foundation_FY2019-2020_Audit_Report.pdf
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