Resolution:Endowment structure

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Resolution: Endowment Structure

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This resolution was approved on June 14, 2019.

Whereas, the Board of Trustees of the Wikimedia Foundation passed a resolution establishing the Wikimedia Foundation Endowment at the Tides Foundation (Tides) on December 9, 2015;

Whereas, the Board of Trustees, believing at the time that the appropriate long-term structure for the Endowment likely would be a separate independent entity, instructed staff to investigate this structure within 18 months of the date of Endowment's establishment; and

Whereas, since that time the Board has considered the question of whether to change the structure of the Endowment twice, in 2016 and in 2018, and each time decided that it would be best for it to remain with Tides;

Whereas, on June 12, 2018, the Board of Trustees requested by the end of fiscal year 2018-19 an analysis and recommendation from Wikimedia Foundation staff regarding the future structure of the Wikimedia Endowment; and

Whereas, Foundation staff has completed their analysis and has recommended that the Endowment continue to remain at Tides for the time being;

Now, therefore, it is:

Resolved, that the Foundation will make no change to the structure of the Endowment at this time; and

Resolved, that the Board instructs Foundation staff to provide an updated analysis and recommendation regarding the structure of the Endowment by the end of the Foundation's fiscal year 2019–2020.

Approve

Maria Sefidari (Chair), Christophe Henner (Vice Chair), Dariusz Jemielniak, James Heilman, Nataliia Tymkiv, Raju Narisetti, Esra'a Al Shafei, Jimmy Wales, Tanya Capuano, and Lisa Lewin

References

• Establishment of the Endowment (December 9, 2015)
• Resolution approving various Endowment operations (June 29, 2016)
• Minutes of Board (December 16, 2016)
• Minutes of Board (April 19, 2018)
• Resolution:Consideration of future Endowment structure (June 12, 2018)