[Foundation-l] Report to the Board April 2009

[Dan Rosenthal]

I want to echo Thomas's remarks. It is certainly a fine line to  
balance, and I am glad that the donor's concerns are on your mind. I  
also want to reiterate my support for an endowment. I'm not going to  
preach at anyone here (least of all you and Veronique) the benefits of  
having one, but I'm glad that it is actively on the WMF staff's mind.

-Dan
On Aug 11, 2009, at 8:29 PM, Thomas Dalton wrote:

> 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.
>
> _______________________________________________
> foundation-l mailing list
> foundation-l at lists.wikimedia.org
> Unsubscribe: https://lists.wikimedia.org/mailman/listinfo/foundation-l