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 <[email protected]>: > >> 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? > > _______________________________________________ > foundation-l mailing list > [email protected] > Unsubscribe: https://lists.wikimedia.org/mailman/listinfo/foundation-l > _______________________________________________ foundation-l mailing list [email protected] Unsubscribe: https://lists.wikimedia.org/mailman/listinfo/foundation-l
