Yes, thanks, those are relevant policies. It appears that we don't have a policy that aligns WMF's investment choices with organizational values. For short-term investments where the goals are liquidity and preservation of capital, I think that this alignment should be relatively easy to achieve. For longer term funds that have the goal of accumulating returns, aligning organizational values with ROI may be a little more challenging but probably not impossible. Hopefully Garfield and/or Stu will comment on the possibility of creating a policy about aligning investment choices with organizational values. I think WMF's donors would appreciate having a policy that they could look at, especially when considering a possible WMF endowment.
Pine On Mon, Oct 13, 2014 at 3:23 PM, James Alexander <jalexan...@wikimedia.org> wrote: > On Mon, Oct 13, 2014 at 12:14 PM, Pine W <wiki.p...@gmail.com> wrote: > > > Hi Garfield, > > > > Thanks for the update. > > > > Is there public documentation somewhere about WMF investment policy? Who > > manages the investments, how was that firm or people chosen, and how > often > > is the performance and risk of the portfolio and the investment manager > > reviewed by the Board? I am particularly interested in making sure that > the > > investments chosen are in alignment with the values of the Foundation and > > have suitable risk levels, and I hope that the Board reviews these issues > > periodically. > > > Hey Pine, it looks like you may be looking for > https://wikimediafoundation.org/wiki/Wikimedia_Foundation_Investment_Policy > and https://wikimediafoundation.org/wiki/Investment_Guidance. > > I will say that as someone on the internal 401k committee ( employee > retirement program) mission and values driven decisions are incredibly > difficult to balance well with our legal fiduciary responsibility and so > always ended up having to be a secondary (though not ignored) issue. That > is, however, a bit of a different case then the greater WMF investments > since our main job is to make sure good 'options' are available for the > staff to choose from rather then actually controlling their money. > > > James Alexander > Legal and Community Advocacy > Wikimedia Foundation > (415) 839-6885 x6716 @jamesofur > _______________________________________________ > Wikimedia-l mailing list, guidelines at: > https://meta.wikimedia.org/wiki/Mailing_lists/Guidelines > Wikimedia-l@lists.wikimedia.org > <https://meta.wikimedia.org/wiki/Mailing_lists/guidelineswikimedi...@lists.wikimedia.org> > Unsubscribe: https://lists.wikimedia.org/mailman/listinfo/wikimedia-l, > <mailto:wikimedia-l-requ...@lists.wikimedia.org?subject=unsubscribe> > _______________________________________________ Wikimedia-l mailing list, guidelines at: https://meta.wikimedia.org/wiki/Mailing_lists/Guidelines Wikimedia-l@lists.wikimedia.org Unsubscribe: https://lists.wikimedia.org/mailman/listinfo/wikimedia-l, <mailto:wikimedia-l-requ...@lists.wikimedia.org?subject=unsubscribe>
