WMF Resolutions/2010-11 Annual Plan/ar

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الخطة السنوية لعام 2010-11

This resolution approving the Foundation's 2010-11 Annual Plan was approved 8-1 in June 2010.

RESOLVED, that the Board of Trustees hereby approves management's proposed 2010-11 annual plan of $20.4 million of spending and $20.4 million of revenues with the annual reserve remaining at $13.0 million at the end of 2010-11. These amounts do not include restricted gifts to fund additional project work such as the Public Policy grant.

If, during the year, management anticipates the annual reserve at each quarter-end will differ materially from the plan, the Board directs management to consult the Board Treasurer promptly.

Reference: The currently anticipated quarterly breakdown of this annual plan.

Motion: Stu
Approved 8-1. In favor: Jimmy, Ting, Jan-Bart, Michael, Stu, Arne, Bishakha, Matt. Opposed: SJ. Abstaining: Kat.