Endowment:Meetings/July 18, 2024
Agenda
4:00 - 4:20 pm UTC: Welcome (Board Chair, Jimmy Wales)
- Introductions
- Approval of February 8, 2024 meeting minutes
4:20 - 6:00 pm UTC: Committee Updates and Actions
- Governance Committee (Chair, Peter Baldwin)
- Committee Assignment and Election of Officers
- Community & Grantmaking Committee (Chair, Phoebe Ayers)
- General update
- Finance Committee (Chair, Annette Campbell-White)
- Presentation of the FY24-25 Annual Plan and Budget
6:00 - 6:20 pm UTC: Organizational Updates and Q&A (Lisa Seitz Gruwell)
- Confirm Next Meetings (Jayde Antonio)
6:20 pm UTC: Adjourn
Minutes
Endowment Board Meeting Minutes
Thursday, July 18, 2024 – 4:00 PM UTC
A regular meeting of the Board of Directors of the Wikimedia Endowment, a California Nonprofit Public Benefit Corporation, was held in-person at the Wikimedia Foundation office located at 1 Montgomery Street, San Francisco, CA 94104 and virtually (via web conference) on July 18, 2024 at 4:00 PM UTC.
The following members of the Board of Directors were present at the meeting: Phoebe Ayers, Peter Baldwin, Kevin Bonebrake, Mayree Clark, Laura Duchâtelet, Alex Farman-Farmaian, Michael Kim, Lisa Lewin, Patricio Lorente, Jimmy Wales, Doron Weber, and Annette Campbell-White.
Also present at the meeting were: Jayde Antonio, Lisa Seitz Gruwell, Maryana Iskander, Stephen LaPorte, Dhaval Patel, Chuck Roslof, and Caitlin Virtue.
Kevin Bonebrake, Mayree Clark, Laura Duchâtelet, Lisa Seitz Gruwell, Maryana Iskander, Stephen LaPorte, Dhaval Patel, Chuck Roslof, Doron Weber, and Annette Campbell-White were in-person at the Wikimedia Office in San Francisco. All others attended virtually.
Jimmy Wales acted as Chair of the meeting. Stephen LaPorte acted as Secretary of the meeting. The meeting was called to order, and based on the number of directors in attendance at the meeting, the Secretary determined that a quorum was present and determined that the meeting could proceed.
Summary of Actions
Welcome (Jimmy Wales)
- Greetings of in-person and virtual attendees
- Approved minutes from February 8, 2024 (Stephen LaPorte)
- Based on a motion by Annette Campbell-White, seconded by Jimmy Wales, the Board members present unanimously approved the following resolution:
- Resolved, that the Board of Directors approves the minutes from the February 8, 2024 meeting.
- Based on a motion by Annette Campbell-White, seconded by Jimmy Wales, the Board members present unanimously approved the following resolution:
Committee Updates and Actions
- Community & Grantmaking Committee (Phoebe Ayers)
- FY22-23 Grantees progress report (Maryana Iskander)
- Presentations by Denny Vrandečić (Abstract Wikipedia)
- The Abstract Wikipedia team is currently using Wikidata via Wikifunctions in mitigating
- Governance Committee (Peter Baldwin)
- Approval: Committee Assignment and Election of Officers
- Based on a motion by Lisa Lewin, seconded by Jimmy Wales, the Board members present unanimously approved the following resolution:
- Resolved, that the Board of Directors appoints the following directors to serve as officers of the Board pursuant to the Bylaws:
- Chair of the Board: Annette Campbell-White
- Audit Committee
- Committee Chair: Kevin Bonebrake
- Members: Annette Campbell-White, James Alexander, Kevin Bonebrake, Tanya Capuano, Ike Kier
- Finance Committee
- Committee Chair: Mayree Clark
- Members: Mayree Clark, Alex Farman-Farmaian, Michael Kim, and Annette Campbell-White
- Governance Committee
- Committee Chair: Doron Weber
- Members: Peter Baldwin, Lisa Lewin, and Doron Weber
- Grantmaking and Community Committee
- Committee Chair: Phoebe Ayers
- Members: Phoebe Ayers, Laura Duchâtelet, Patricio Lorente, and Jimmy Wales
- Staff Officer Positions
- President: Lisa Seitz Gruwell
- Secretary: Charles M. Roslof
- Treasurer: Dhaval Patel
- Resolved, that the Board of Directors appoints the following directors to serve as officers of the Board pursuant to the Bylaws:
- Based on a motion by Lisa Lewin, seconded by Jimmy Wales, the Board members present unanimously approved the following resolution:
- Approval: Committee Assignment and Election of Officers
- Community & Grantmaking Committee (Chair, Phoebe Ayers)
- General update (Caitlin Virtue)
- Finance Committee (Chair, Annette Campbell-White)
- Presentation of the FY24-25 Annual Plan and Budget
- Based on a motion by Alex Farman-Farmaian, seconded by Patricio Lorente, the Board members present unanimously approved the following resolution:
- Resolved, that the Board of Directors approves the proposed annual budget for the 2024-2025 fiscal year, consisting of $11.6M of forecasted revenue and $5.6M in expense.
- Resolved, that during the fiscal year, if management anticipates the change in revenue and expense will differ materially from the plan, the Board directs management to consult the Finance Committee promptly.
Wrap-up and Q&A (Lisa Seitz Gruwell)
There being no other business to consider, the meeting was adjourned at 6:20 PM San Francisco local time.