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 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" <risker...@gmail.com> wrote:

> 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 software upgrades (except what 
> volunteers do in accord with their own desire as opposed to actual 
> need), no community support, no funds to chapters, no Wikimania or 
> hackathons or other conferences, no support for free-as-in-libre work, 
> and very little assurance that if there were major changes in the most 
> commonly used platforms, the WMF would be able to keep up-to-date with this.
>
> This is going to take a fair amount of thinking through, and needs to 
> include our thinking about what we would consider the minimal 
> operating functions of the project, and how long it would need to be 
> able to proceed.
>
> Risker/Anne
>
> On 1 December 2015 at 18:09, Mardetanha <mardetanha.w...@gmail.com> wrote:
>
> > 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, 2015 at 4:22 PM, phoebe ayers <phoebe.w...@gmail.com>
> > wrote:
> >
> > > On Mon, Nov 30, 2015 at 12:09 PM, Lisa Gruwell 
> > > <lgruw...@wikimedia.org
> >
> > > wrote:
> > > > Hi all-
> > > >
> > > > For several years, the Wikimedia movement has been having 
> > > > discussions <https://meta.wikimedia.org/wiki/Endowment> about 
> > > > whether and when
> to
> > > begin
> > > > building an endowment. I put an essay up on meta recently in an
> attempt
> > > to
> > > > rekindle this conversation with the community.  We included 
> > > > launching
> > an
> > > > endowment in the FY 2015-16 annual plan.
> > >
> > > Fantastic, this is exciting news. I am very happy to see this 
> > > moving forward, and will comment on the talk page of the endowment essay.
> > >
> > > On Mon, Nov 30, 2015 at 1:01 PM, Brion Vibber 
> > > <bvib...@wikimedia.org>
> > > wrote:
> > > > Thinking about our social responsibility as an investor is 
> > > > probably worthwhile.
> > >
> > > I agree, and this is a good point to bring up.
> > >
> > > The endowment, if it's of a scale that will be effective, will 
> > > have an investment manager and perhaps even an investment 
> > > committee. I think directing that group to look at investment 
> > > vehicles (i.e. mutual
> > > funds) with certain value guidelines in mind would be appropriate, 
> > > much as we would direct them to have certain financial goals and 
> > > levels of risk in mind. Figuring out what those values should be 
> > > might not be so easy, but we could look at the investment policies 
> > > of other large socially-minded organizations for ideas.
> > >
> > > best,
> > > Phoebe
> > >
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