[Foundation-l] Report to the Board April 2009

[Thomas Dalton]

2009/8/12 Veronique Kessler <vkessler at wikimedia.org>:
> 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.

Thank you both for your replies. I drafted a Reserve Policy for
Wikimedia UK so I have some idea of the challenge facing you there!
I'm really glad you are giving the subject of an endowment serious
thought, I think it would be really good to have that kind of
sustainability in the future.