Summary

The Wikimedia Endowment is a permanent fund formed to support Wikipedia and its sister projects in perpetuity.  Launched in 2016, we met our initial goal of raising $100 million for the fund last year.  Currently, we are developing a new strategy for the next phase of continued growth for the Wikimedia Endowment. Learn more about the Wikimedia Endowment at www.wikimediaendowment.org.

The Principal Investment Manager will develop and implement the investment strategy for the Wikimedia Endowment. In addition, they will serve as the Treasurer of the Wikimedia Endowment and partner with the Finance Department of the Wikimedia Foundation to oversee financial operations for the Wikimedia Endowment.  

The Principal Investment Manager will report to the CFO of the Wikimedia Foundation with a dotted line to the President of the Wikimedia Endowment.

Responsibilities

Wikimedia Endowment:

  • Work closely with the CFO of the Wikimedia Foundation and the Finance Committee of the Wikimedia Endowment to develop an investment strategy for the Wikimedia Endowment;
    • Work to develop the Investment Policy Statement to achieve the Endowment's goals. Collaborate with investment specialists to develop overall goals and strategy. Provide overall advisory on treasury finance risk and tailor the strategy to the appropriate risk tolerance and liquidity needs.
    • Vet and monitor investments and provide forecasting and performance reporting to the Investment Committee. Develop and disseminate management reports for endowment-related activities, including principal, market value, and distribution data for all endowments; prepare year-end summary schedules for external auditors.
    • Conduct in-depth research on investment opportunities, including desk research and interviews with external stakeholders, and document findings.
  • Partner with the Wikimedia Foundation Finance Department to develop a budget and cost-sharing agreement with the Wikimedia Foundation. Work with the technical accounting policy to understand investment strategies' impact on the Endowment financial statements.
  • Partner with the Wikimedia Finance Department to establish the Endowment’s financial operations and ensure the Endowment is fulfilling all compliance requirements including filling our annual 990 tax return and an annual audit of the Endowment's financial statements under U.S. GAAP.

Wikimedia Foundation:

  • Work closely with the CFO and Controller of the Wikimedia Foundation to
    • Develop the Investment Policy Statement to achieve the Foundation’s goals; collaborate with investment specialists to develop overall goals and strategy, and tailor the strategy to the appropriate risk tolerance and liquidity needs. 
    • Apply an investment framework to scope, source, select, and learn from the Foundation’s investments.
    • Oversee treasury operations on day-to-day activities including bank account openings and cash movements between internal entities and to third parties.
    • Benchmark core processes such as payments, bank controls, and use of new technology with other leaders in the marketplace.
    • Manage relationships with key internal and external partners, including financial institutions.

Qualifications

  • 10+ years of investment experience with a successful track record of managing investments and developing investment strategies.
  • Experience working with and reporting to a Board of Directors.
  • Bachelor's or master's degree in finance, accounting, economics, business or relevant field.
  • Demonstrated experience as treasurer or in a relevant financial management position.
  • Detailed knowledge of financial legislation and an understanding of global financial markets and practices.
  • Knowledge of monetary markets, business investment management and financing strategies.
  • Working knowledge of financial management software. 
  • Exceptional communication and interpersonal skills.
  • Detail-oriented and has the ability to envision all aspects of business finances and financial models, including areas of documentation and governance.
  • Highly collaborative with the ability to develop cross-functional relationships with diverse teams.

About the Wikimedia Foundation

The Wikimedia Foundation is the nonprofit organization that operates Wikipedia and the other Wikimedia free knowledge projects. Our vision is a world in which every single human can freely share in the sum of all knowledge. We believe that everyone has the potential to contribute something to our shared knowledge, and that everyone should be able to access that knowledge freely. We host Wikipedia and the Wikimedia projects, build software experiences for reading, contributing, and sharing Wikimedia content, support the volunteer communities and partners who make Wikimedia possible, and advocate for policies that enable Wikimedia and free knowledge to thrive. 

The Wikimedia Foundation is a charitable, not-for-profit organization that relies on donations. We receive donations from millions of individuals around the world, with an average donation of about $15. We also receive donations through institutional grants and gifts. The Wikimedia Foundation is a United States 501(c)(3) tax-exempt organization with offices in San Francisco, California, USA.

As an equal opportunity employer, the Wikimedia Foundation values having a diverse workforce and continuously strives to maintain an inclusive and equitable workplace. We encourage people with a diverse range of backgrounds to apply. We do not discriminate against any person based upon their race, traits historically associated with race, religion, color, national origin, sex, pregnancy or related medical conditions, parental status, sexual orientation, gender identity, gender expression, age, status as a protected veteran, status as an individual with a disability, genetic information, or any other legally protected characteristics.

If you are a qualified applicant requiring assistance or an accommodation to complete any step of the application process due to a disability, you may contact us at recruiting@wikimedia.org or +1 (415) 839-6885.

More information

U.S. Benefits & Perks
Wikimedia Foundation
Applicant Privacy Policy
News from across the Wikimedia movement
Blog
Wikimedia 2030
Our Commitment to Equity
This is Wikimedia Foundation 
Facts Matter
Our Projects
Our Tech Stack

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