Lisa
Thanks for that explanation. If it had already been decided to contribute
the $5M to the Endowment before the offer of matching funds, then there
would be no appearance of the offer influencing the Board's decision. Can
you confirm that was the case? But the main point of my question to the
Board is to ask why they decided that placing this large sum into the
Endowment was more important than using it to support the work of the
volunteer community (whether or not the offer of matching funds was part of
that decision) directly. Can you throw any light on their reasons?
Rudyard
On Tue, Aug 22, 2017 at 6:38 PM, Lisa Gruwell <lgruwell(a)wikimedia.org>
wrote:
Just jumping in with a few points of information
regarding the Endowment:
1) I met with Lukas at Wikimania regarding SRI and the endowment. As James
indicated, the endowment is invested through the Tides Foundation and this
is one of the areas of expertise. We have been looking at environmental,
social, and governance (ESG) ratings as well as how funds perform against
the benchmarks financially. We are going to be publishing more information
about this soon.
2) Regarding the matching grant, this funder has made large grants to the
Wikimedia Foundation for general support for our annual work for almost a
decade. They have also now provided major support to the endowment. They
have provided generous support for our present work and our future work.
It is positive thing that this grant was positioned as a matching grant.
It doubles the impact of a portion of the contributions that our online
donors made this year. It is a great story that we are sharing with other
potential endowment donors. We are hoping to find another major donor (or
donors) that will match the $5 million for the endowment that is in the FY
2017-18 annual plan as well.
Best,
Lisa
On Tue, Aug 22, 2017 at 9:15 AM, James Heilman <jmh649(a)gmail.com> wrote:
I have been send further details. As expected
Tides (who runs our
endowment) has a strong philosophy around social justice.
https://www.tides.org/
James
On Tue, Aug 22, 2017 at 11:01 AM, Cristian Consonni <cristian(a)balist.es>
wrote:
On 22/08/2017 17:03, James Heilman wrote:
> Andrea I agree completely that movement monies should be invested
inline
> with our values. We should not be invested
in stuff that promotes war
or
> > surveillance for example. I would image this is currently the case
but
would have to verify.
I wholeheartedly agree with Andrea.
C
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