Is not only about "fulfilling wishes". Is about solving the enormous lag of 
tech problems we have. We may be the only top-10 site in the world with links 
to features in all the pages that are not working (as the book creator). We may 
have 100 million USD to mantain our legacy forever. It will be a nice museum of 
how Internet looked in the 1990s. We may have lots of money, but we lack any 
strategy to invest this money in making our platform better.

thanks

Galder
________________________________
From: phoebe ayers <phoebe.w...@gmail.com>
Sent: Friday, September 24, 2021 1:16 AM
To: Wikimedia Mailing List <wikimedia-l@lists.wikimedia.org>
Subject: [Wikimedia-l] Re: Wikimedia Endowment reaches initial $100 million 
goal and welcomes new board members

Thanks Christophe, SJ and all! Lisa, agreed - it's taken a lot of work over the 
years from many people to get here. A big thanks to all of the endowment staff 
past and present and especially to you Lisa, who has been there as an advocate 
from the very beginning "what if we made an endowment?!" days. Also thanks to 
my fellow current and former trustees on the WMF & Endowment boards who have 
supported this effort. I'm honored and excited to be a part of the next chapter 
of the endowment, and I hope to hear community members' thoughts on the best 
way an endowment could support the very long term future of the Wikimedia 
projects and free knowledge too.

Galder -- though the endowment may only ever indirectly support this, yes to a 
wishlist system that fulfills more wishes. I want to see this too.
Cunctator -- this seems like a different topic for a different thread?
Vito -- Good meme usage. I can't find the perfect meme to answer so I'll just 
say that (as I expect you know) the endowment is meant to support the projects 
in perpetuity, which means it isn't there to replace daily operation funding or 
annual fundraising. The 100M is meant to generate investment income (which best 
case scenario will still only be a fraction of the current WMF budget.) 
Changing fundraising strategies really means changing the size and scope of the 
WMF annual plan, including affiliate grants; the need for fundraising follows 
from the budget. While that's a good conversation to have, I don't think the 
existence of the endowment will direct it (or our larger movement strategy 
conversations).

cheers,
Phoebe


On Thu, Sep 23, 2021 at 1:21 PM Lisa Gruwell 
<lgruw...@wikimedia.org<mailto:lgruw...@wikimedia.org>> wrote:
Thank you, Christophe and SJ.  You both were great supporters of this effort 
when you were on the WMF board and it wouldn't have gotten off the ground 
without you.  It takes a lot of vision and trust to do something long-term like 
an endowment.  Thanks for giving that to us!

Best,
Lisa

On Thu, Sep 23, 2021 at 1:52 AM Christophe Henner 
<christophe.hen...@gmail.com<mailto:christophe.hen...@gmail.com>> wrote:
Congratulations Lisa and team, I know how much energy you pour into it! That is 
an amazing step. And great to see the endowment becoming its own organization.

And "welcome" to the "new" endowment board members! :)

Few people might know Doron, but he is not a stranger. He has been supporting 
the movement for a very very long time and knows us very well. I remember back 
in 2016, he understood very very fast why it was critical to invest in Wikidata 
and that lead to the Structured Data grant: 
https://commons.wikimedia.org/wiki/Commons:Structured_data/Sloan_Grant.

Phoebe, Doron and Patricio are great additions to the endowment board!

All good news, thank you again Lisa!


--
Christophe


On Wed, 22 Sept 2021 at 16:58, Lisa Gruwell 
<lgruw...@wikimedia.org<mailto:lgruw...@wikimedia.org>> wrote:

Dear all,


Today I am very happy to announce the Wikimedia Endowment [1] has reached its 
initial $100 million goal. The Endowment was started in 2016 as a permanent 
fund to support the Wikimedia projects in perpetuity [2].


My deep gratitude goes out to our generous donors, the Endowment board, 
Foundation staff, and volunteers who made this possible. I am grateful to the 
future-focused community members who began considering the idea of an endowment 
years ago, to those who participated in community conversations on Meta [3] to 
help us think through initial decisions regarding its launch, and to all 
contributors whose work creating Wikimedia content has brought free knowledge 
to the world.


As part of this milestone, the Wikimedia Endowment Board has also welcomed 
three new members: Phoebe Ayers, Patricio Lorente, and Doron Weber, bringing in 
important expertise of the Wikimedia movement and priorities as well as in 
nonprofit management.


You can read more about this milestone, what it means for the movement, and 
what comes next for the Endowment on Diff [4] and the Endowment Meta page [5]. 
We invite you to share any questions or feedback on the Endowment talk page [6].


Thank you to everyone who has made this incredible achievement possible.


Best regards,

Lisa


[1] https://wikimediaendowment.org/

[2] https://wikimediafoundation.org/about/mission/ 
<https://wikimediafoundation.org/about/mission/>

[3] https://meta.wikimedia.org/wiki/Endowment_Essay

[4]https://diff.wikimedia.org/2021/09/22/the-wikimedia-endowment-reaches-100-million-milestone-and-welcomes-three-new-members-to-its-board-more-on-what-these-developments-mean-for-the-projects-and-movement/
 
<https://diff.wikimedia.org/2021/09/22/the-wikimedia-endowment-reaches-100-million-milestone-and-welcomes-three-new-members-to-its-board-more-on-what-these-developments-mean-for-the-projects-and-movement/>

[5] https://meta.wikimedia.org/wiki/Wikimedia_Endowment 
<https://meta.wikimedia.org/wiki/Wikimedia_Endowment>

[6] https://meta.wikimedia.org/wiki/Talk:Wikimedia_Endowment

--


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Lisa Seitz Gruwell

Chief Advancement Officer

Wikimedia Foundation<https://wikimediafoundation.org/>

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Lisa Seitz Gruwell

Chief Advancement Officer

Wikimedia Foundation<https://wikimediafoundation.org/>

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