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 <[email protected]> wrote: > On Mon, Mar 18, 2013 at 12:53 PM, MZMcBride <[email protected]> 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 > > _______________________________________________ > Wikimedia-l mailing list > [email protected] > Unsubscribe: https://lists.wikimedia.org/mailman/listinfo/wikimedia-l > -- Garfield Byrd Chief of Finance and Administration Wikimedia Foundation 415.839.6885 ext 6787 415.882.0495 (fax) www.wikimediafoundation.org Imagine a world in which every single human being can freely share in the sum of all knowledge. Help us make it a reality! *https://donate.wikimedia.org* _______________________________________________ Wikimedia-l mailing list [email protected] Unsubscribe: https://lists.wikimedia.org/mailman/listinfo/wikimedia-l
