Re: [Wikimedia-l] Endowment Discussion

2015-12-02 Thread WereSpielChequers
people can edit Wikipedia in 2050 without there being a fundraising banner? > Message: 3 > Date: Wed, 2 Dec 2015 02:39:59 +0330 > From: Mardetanha <mardetanha.w...@gmail.com> > To: Wikimedia Mailing List <wikimedia-l@lists.wikimedia.org> > Subject: Re: [Wikimedia-l] Endowment Discussion > Message-ID: >

Re: [Wikimedia-l] Endowment Discussion

2015-12-02 Thread Andrea Zanni
2050 without there > being a fundraising banner? > > > > > > Message: 3 > > Date: Wed, 2 Dec 2015 02:39:59 +0330 > > From: Mardetanha <mardetanha.w...@gmail.com> > > To: Wikimedia Mailing List <wikimedia-l@lists.wikimedia.org> > > Subject: Re: [Wikimedia-l] Endowment Discussion > > Message-ID: > >

Re: [Wikimedia-l] Endowment Discussion

2015-12-02 Thread Gerard Meijssen
ify. Why should this > > generation pay so that people can edit Wikipedia in 2050 without there > > being a fundraising banner? > > > > > > > > > > > Message: 3 > > > Date: Wed, 2 Dec 2015 02:39:59 +0330 > > > From: Mardetanha <mardetanha.w...@gmail.com> > > > To: Wikimedia Mailing List <wikimedia-l@lists.wikimedia.org> > > > Subject: Re: [Wikimedia-l] Endowment Discussion > > > Message-ID: > > >

Re: [Wikimedia-l] Endowment Discussion

2015-12-02 Thread Gerard Meijssen
Hoi, A much more fundamental question is do we actually want to do less or do we want to do more. I am not of the opinion that the WMF is bloated and ineffective. Yes it could do better in places but there is so much that we could do and fail to do because of lack of funding. No we should not go

Re: [Wikimedia-l] Endowment Discussion

2015-12-02 Thread Peter Southwood
I will second that recommendation. Peter -Original Message- From: Wikimedia-l [mailto:wikimedia-l-boun...@lists.wikimedia.org] On Behalf Of Pine W Sent: Wednesday, 02 December 2015 8:14 AM To: Wikimedia Mailing List Subject: Re: [Wikimedia-l] Endowment Discussion As good as having

Re: [Wikimedia-l] Endowment Discussion

2015-12-02 Thread
Hi Lila, There are some governance red flags that need your attention before signing up to a N * $100,000,000 endowment plan than will last for a thousand years... 1. The board is not fully elected. It is unlikely in the current environment for a board for an endowment trust to have a majority

Re: [Wikimedia-l] Endowment Discussion

2015-12-01 Thread Risker
Heh. $100 million USD is just a little more than is raised (and spent) on an annual basis throughout all the Wiki-chapters and WMF, including grants that are separate from direct fundraising. It *might* last 5-7 years of bare-bones "keeping the lights on only" functions, but that would mean no

Re: [Wikimedia-l] Endowment Discussion

2015-12-01 Thread Mardetanha
do we have any definite number that if reach then we would not any fundraiser again in the future (I really would like to to see WMF in the position in which, it would not need yearly fundraiser to stand up and keep running ) , like 100 M mentioned in the meta page ? Mardetanha On Tue, Dec 1,

Re: [Wikimedia-l] Endowment Discussion

2015-12-01 Thread Pine W
As good as having an endowment might be, I would like to see substantial improvements to WMF's budget transparency and annual plan process before the fundraising for an endowment starts. Pine On Dec 1, 2015 15:25, "Risker" wrote: > Heh. $100 million USD is just a little

Re: [Wikimedia-l] Endowment Discussion

2015-12-01 Thread phoebe ayers
On Mon, Nov 30, 2015 at 12:09 PM, Lisa Gruwell wrote: > Hi all- > > For several years, the Wikimedia movement has been having discussions > about whether and when to begin > building an endowment. I put an essay up on meta

Re: [Wikimedia-l] Endowment Discussion

2015-11-30 Thread Brion Vibber
Thanks! I added a section to the talk page asking about how we would actually go about investing... the purpose of an endowment is to let it grow and just spend some of the interest, but that growth doesn't happen in a vacuum. Investment happens by putting money into other peoples' businesses and

Re: [Wikimedia-l] Endowment Discussion

2015-11-30 Thread Lila Tretikov
Lisa, Thank you for sharing these exciting news and all the work the team has completed so far. I know I have spoken with many of our community members in the past about this important milestone in protecting our community's work long-term. I am looking forward to hearing more from everyone as

Re: [Wikimedia-l] Endowment Discussion

2015-11-30 Thread Pine W
That's a good question. Alternatives to private sector equity investments include public-sector bonds, as well as commodities and currencies. While I wouldn't recommend that WMF do either of the latter two, there might be some reasonable choices for WMF in the public sector bond market. In the