Thanks, Zack.

Does anyone know what interest rates the $56 million short-term and $6
million long-term investments earn?

Are the CFO and the Endowment benchmarking their performance against
commercial institutional endowment-grade mutual funds? I recently wrote the
below to regulators; I hope it helps explain this question:

--- excerpt ---

...Regarding the extent to which index funds may be siphoning wealth
very sharply upward because of questionable inefficient practices in
capital services, you know index funds comprise a huge portion of
consumer savings and investment. I noticed that they have reliably
been underperforming mutual funds such as institutional endowment
funds which aren't required to rebalance, but follow the same general
investment strategy....

On Fri, Jan 19, 2018 at 12:35 AM, Zachary McCune <>

> Hello all-
> Last year, the Wikimedia Foundation received more than 6 million donations
> to support free knowledge. Today, we would like to share the Foundation’s
> 2016 - 2017 Annual Report which helps document how those donations were put
> to use. [1]
> This Report is meant mostly for donors, but it may be of use to any
> audience looking to learn more about the Wikimedia Foundation, our
> activities, and our community support.
> In (very) brief, last year:
> * We worked on building safer communities with new tools like Abuse Filter
> and Mute to reduce harassment on Wikipedia.
> * We improved our services for mobile devices: making images smaller and
> articles load faster, streamlining our apps to assist users.
> * We partnered with international organizations to add missing languages
> and knowledge to our sites.
> Over 2017, our grants team disbursed 392 grants totaling more than 7
> million dollars. More than half of these grants went to emerging
> communities. [2]
> We also began to plan the future of our movement, holding months of
> discussions with thousands of volunteers. We were guided by a recurring
> phrase that has become the theme of this year’s Annual Report: Knowledge
> belongs to all of us.
> Everything listed and linked above is possible because of you, the
> Wikimedia movement. Y’all are great.
> So please take a look at the 2016-2017 Wikimedia Foundation Annual Report,
> and if you are moved- share it with a friend.
> Thank you,
> - Zack McCune, Danny Kaufman, Lena Traer, Heather Walls, María Cruz, Ravi
> Ayyakkannu, Caitlin Cogdill (the 2017 Annual Report team)
> [1]
> [2]
> --
> Zachary McCune
> Global Audiences
> Wikimedia Foundation
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