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.... https://sites.hks.harvard.edu/fs/rzeckhau/EndowmentsPaperPartII.pdf https://institutional.vanguard.com/iam/pdf/EndowmentPerformanceResearch.pdf https://personal.vanguard.com/pdf/s342.pdf On Fri, Jan 19, 2018 at 12:35 AM, Zachary McCune <[email protected]> wrote: > 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] https://annual.wikimedia.org/2017/ > > [2] https://annual.wikimedia.org/2017/community.html > > -- > Zachary McCune > Global Audiences > Wikimedia Foundation > > [email protected] > _______________________________________________ > Wikimedia-l mailing list, guidelines at: https://meta.wikimedia.org/ > wiki/Mailing_lists/Guidelines and https://meta.wikimedia.org/ > wiki/Wikimedia-l > New messages to: [email protected] > Unsubscribe: https://lists.wikimedia.org/mailman/listinfo/wikimedia-l, > <mailto:[email protected]?subject=unsubscribe> _______________________________________________ Wikimedia-l mailing list, guidelines at: https://meta.wikimedia.org/wiki/Mailing_lists/Guidelines and https://meta.wikimedia.org/wiki/Wikimedia-l New messages to: [email protected] Unsubscribe: https://lists.wikimedia.org/mailman/listinfo/wikimedia-l, <mailto:[email protected]?subject=unsubscribe>
