Resolution:Approving updated Wikimedia Foundation Investment Policy

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Approving updated Wikimedia Foundation Investment Policy

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The Wikimedia Foundation Investment Policy approved by the Board of Trustees on April 19, 2018

Whereas the Board of Trustees of the Wikimedia Foundation approved the existing Wikimedia Foundation Investment Policy on April 25, 2014; and

Whereas the Audit Committee of the Wikimedia Foundation has recommended that the Foundation “restructure our existing cash and investment portfolio to provide funding certainty to fulfill between 6 to 9 months of liquid operating cash, to make prudent investment of excess cash in fixed income investments with shorter maturity, and to support socially innovative investments”; and

Whereas the Board resolved on February 24, 2017 to commit the Foundation to “seek to minimize our overall impact on the environment” and to “consider sustainability as an important part of decisions around servers, operations, travel, offices, and other procurement”;

Now, therefore, it is:

RESOLVED that the Board of Trustees approves the updated Wikimedia Foundation Investment Policy, to supercede the existing Investment Policy.

Approve

Christophe Henner (Chair), Maria Sefidari (Vice Chair), Dariusz Jemielniak, Kelly Battles, James Heilman, Nataliia Tymkiv, Alice Wiegand, Raju Narisetti, and Esra'a Al Shafei

Not Present

Jimmy Wales

References:

• Wikimedia Foundation Investment Policy, approved April 25, 2014
• Resolution: Environmental Impact (February 24, 2017)