[Wikimedia-l] Re: WMF financial statements for 2021-2022 published

2022-11-10 Thread Hubertl
Dear Alan, I am far more surprised that you appear to be disparaging Andreas Kolbe's very constructive questions and contributions. You yourself seem to contribute nothing to the facts of the case, but others who contribute very appropriately you would like to see blocked. What kind of attitude

[Wikimedia-l] Re: WMF financial statements for 2021-2022 published

2022-11-10 Thread Alan Smith
Thanks Ad, I am concerned about Andreas Kolbe's overall behavior on this mailing list and why the mailing list administrators tolerate this sort of behavior for so long. If something about the WMF's finances is not clear to you, you should email the finance team at the WMF to seek

[Wikimedia-l] Re: WMF financial statements for 2021-2022 published

2022-11-09 Thread Andreas Kolbe
Ad, According to the WMF's FAQ:[1] "During this audit period, some of the Foundation's cash was invested in mortgage backed securities, U.S. Treasury securities, corporate bonds, and stocks (Note 3)."[1] So it appears your information is outdated. See also page 11 of the financial statements

[Wikimedia-l] Re: WMF financial statements for 2021-2022 published

2022-11-09 Thread The Cunctator
Did WMF sell bonds at a loss? On Wed, Nov 9, 2022, 4:08 PM Ad Huikeshoven wrote: > The WMF does not invest in stocks, only in bonds. > > Op wo 9 nov. 2022 21:51 schreef Andreas Kolbe : > >> Dear Steven, >> >> Thank you for your explanation. I had naively assumed the investment >> income in the

[Wikimedia-l] Re: WMF financial statements for 2021-2022 published

2022-11-09 Thread The Cunctator
That's negative investment value, not investment income. On Wed, Nov 9, 2022, 2:36 PM Steven Walling wrote: > > > On Wed, Nov 9, 2022 at 10:37 AM Andreas Kolbe wrote: > >> Dear WMF Finance staff, >> >> I inquired over a week ago on Meta-Wiki why the WMF is reporting a >> negative investment

[Wikimedia-l] Re: WMF financial statements for 2021-2022 published

2022-11-09 Thread Ad Huikeshoven
The WMF does not invest in stocks, only in bonds. Op wo 9 nov. 2022 21:51 schreef Andreas Kolbe : > Dear Steven, > > Thank you for your explanation. I had naively assumed the investment > income in the "Support and revenue" section of the financial statements was > only for income *from*

[Wikimedia-l] Re: WMF financial statements for 2021-2022 published

2022-11-09 Thread Andreas Kolbe
Dear Steven, Thank you for your explanation. I had naively assumed the investment income in the "Support and revenue" section of the financial statements was only for income *from* investments (i.e. dividend payments etc.), without tracking changes in the value *of* investments as well. So what

[Wikimedia-l] Re: WMF financial statements for 2021-2022 published

2022-11-09 Thread Ad Huikeshoven
The WMF has an investment policy to invest in assets which are globally seen as low risk. Over the fiscal year investment in US Treasury securities dropped from 73M$ to 15M$. Most likely the WMF has sold US Treasury securities with a big loss. Interest rates have gone up in the past, which results

[Wikimedia-l] Re: WMF financial statements for 2021-2022 published

2022-11-09 Thread Steven Walling
On Wed, Nov 9, 2022 at 10:37 AM Andreas Kolbe wrote: > Dear WMF Finance staff, > > I inquired over a week ago on Meta-Wiki why the WMF is reporting a > negative investment income (–$12 million). There has been no answer to > date.[1] > > I am a layperson, but how can an investment income be

[Wikimedia-l] Re: WMF financial statements for 2021-2022 published

2022-11-09 Thread Andreas Kolbe
Dear WMF Finance staff, I inquired over a week ago on Meta-Wiki why the WMF is reporting a negative investment income (–$12 million). There has been no answer to date.[1] I am a layperson, but how can an investment income be negative? Would you mind sharing what this is about? I was also