[Foundation-l] Report to the Board April 2009

[Veronique Kessler]

Your comment is very timely.  We are, and have been, thinking about the 
best solution regarding extra money.  First, we want to consider an 
appropriate "reserve" amount, i.e. this can range from 3 months of 
expenses for some organizations to 2 years for others.  So, we are 
discussing this; there are lots of theories of the perfect amount.   
Beyond that, we are considering things like investment strategy, the 
creation of an endowment, etc.-things that can help towards ongoing 
financial sustainability.

Veronique

Thomas Dalton wrote:
> 2009/8/11 Sue Gardner <sgardner at wikimedia.org>:
>   
>> FUNDRAISING, GRANTS, & PARTNERSHIPS
>>
>> During April, the Wikimedia Foundation received 922 donations, with a
>> combined total value of USD 78,453.   Year-to-date, the Wikimedia
>> Foundation has raised USD 5,491415 in donations from individuals, 37%
>> above the full-year target of USD 4,000,000.
>>     
>
> As always, thanks for these reports. I'm curious - 37% is a lot of
> extra money, is there a plan for how to spend it? Has this year's
> spending been increased or will the extra just be carried over to next
> year or just kept as reserves?
>
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