[Wikimedia-l] Wikimedia (Foundation) endowment

[Garfield Byrd]

SJ:

I have been asked by the Audit Committee to do a report on the Endowment
Issue and present the report at their next meeting, which will take place
in this summer.

Regards,

Garfield


On Mon, Mar 18, 2013 at 10:12 AM, Samuel Klein <meta.sj at gmail.com> wrote:

> On Mon, Mar 18, 2013 at 12:53 PM, MZMcBride <z at mzmcbride.com> wrote:
> > Nathan wrote:
> >>To return to the endowment again as the main topic, I think there are
> >>some risks we need to consider in an endowment. In general I think
> >>having an endowment is a good idea for a charitable institution,
>
> Yes and yes.
>
> > I suggested quite recently that the Board pass a resolution creating a
> > committee to examine the points you raise and additional questions
> > outlined here: <https://meta.wikimedia.org/wiki/Endowment/Questions>.
> >
> > I continue to think that we (as a community) are still not at a place
> > where we can make good judgments about whether to set up an endowment.
> > There simply isn't enough information available to make a sound decision,
> > in my opinion. That said, the idea of creating an endowment does seem
> like
> > an idea that has broad support for further consideration and exploration,
> > which is why I think an investigative or exploratory committee would make
> > a lot of sense here and now. Thoughts?
>
> More information is certainly needed.  It is bound up in other
> strategic thinking, as others have noted.
>
> I think we should set up a strategy committee, with a subgroup focused
> on an endowment and long-term investment options.
>
> SJ
>
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-- 
Garfield Byrd
Chief of Finance and Administration
Wikimedia Foundation
415.839.6885 ext 6787
415.882.0495 (fax)
www.wikimediafoundation.org

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