Dear Caitlin,

Thank you for the clarification. Is there any chance we might see audited financial statements covering the Endowment's past seven years, in a format comparable to the annually published, audited financial statements detailing the revenue and expenses of the Foundation,[1] and delivering the same level of transparency?

If not, why not?

Best,
Andreas

[1] https://wikimediafoundation.org/about/financial-reports/

On Fri, Jan 27, 2023 at 9:19 PM Caitlin Virtue <cvirtue@wikimedia.org> wrote:

Hi Christophe,


This thread has circled around the main question of will any decisions around the endowment be transparent. The answer is yes.


The question of transparency has also become conflated with the mechanism of how the money is held. The answer here is that we are working to transition endowment funds out of Tides to the separate 501(c)(3) entity that is already registered and the transition process will soon be underway. 


Finally, to answer some questions that came up directly: 

Is the Endowment an independent 501(c)(3) entity? Yes.

Is the money currently managed by Tides? Yes.

Will the money transition out of Tides to the new 501(c)(3)? Yes.


You can also find a similar reply that we gave earlier, on meta. 


Regards,

Caitlin Virtue

Senior Director of Development

Wikimedia Foundation


_______________________________________________
Wikimedia-l mailing list -- wikimedia-l@lists.wikimedia.org, guidelines at: https://meta.wikimedia.org/wiki/Mailing_lists/Guidelines and https://meta.wikimedia.org/wiki/Wikimedia-l
Public archives at https://lists.wikimedia.org/hyperkitty/list/wikimedia-l@lists.wikimedia.org/message/3AMQSLJN2B76KSDVL2VBDD33E4MQE7PG/
To unsubscribe send an email to wikimedia-l-leave@lists.wikimedia.org