Wikimedia Endowment/Meetings/January 15, 2019

Agenda

9:30 – 9:40 am - Welcome and Introductions

-Approve July meeting minutes

9:40 – 10:00 am - Briefing from Katherine Maher

10:00 – 10:45 am - Fundraising Update (Kaitlin Thaney and Marc Brent)

10:45 – 11:00 am - Break

11:00 – 11:15 pm - Investment and Governance Update (Lisa Seitz Gruwell and Annette Campbell-White)

11:15 - 11:30 am - Other topics

11:30 - 12:00 pm Next Meeting Scheduling & Topic Confirmation

- Adjourn

Minutes

Location: The Wikimedia Foundation Office, San Francisco

Meeting Attendees:

Endowment Advisory Board Members: Annette Campbell-White, Peter Baldwin, Niels Christian Nielsen, Michael Kim, and Jimmy Wales

Wikimedia Foundation Staff: Katherine Maher, Lisa Gruwell, Kaitlin Thaney, Caitlin Virtue, Marc Brent, Megan Hernandez, and Jerry Kim

Summary of Action Items:

1) Approved minutes from July 2018 meeting

● Voting in Favor: Annette Campbell-White, Peter Baldwin, Niels Christian Nielsen and Michael Kim, and Jimmy Wales

● Voting Against: None

2) Wikimedia Foundation Update from Katherine Maher

● Wikipedia is doing well: Continued mobile growth, desktop stable

● Wikipedia’s favorable position in the world continues to be appreciated, brand value has climbed

● As Wikipedia has grown, larger institutions worldwide want to work with us i.e. collaborations with the Met, conversations with the Library of Congress

3) Fundraising Update

● $35.2 million raised in gifts and pledges.

● Broadening base of supporters through a series of dinners and individual meetings.

4) Investment & Governance Update

● Financial: Investment committee is conducting fund manager due diligence per investment policy mandate re: revisiting after passing $33M benchmark.

● Governance: Last meeting, Eileen Hershenov had recommended to stay with Tides for the time being.

5) Next Board Meeting Agenda Discussion

● July 16, 2019 9 -10:30 am (PT): Remote Meeting