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05/10/2024 | Press release | Distributed by Public on 05/09/2024 18:01

The Wikimedia Endowment welcomes Mayree Clark as its newest Board member

The Wikimedia Endowment is delighted to welcome Mayree Clark as a new member of its Endowment Board. Mayree, a finance expert, will bring her extensive governance expertise to the Wikimedia Endowment, a nonprofit charitable organization providing a permanent safekeeping fund to support the Wikimedia projects in perpetuity.

Mayree Clark is a former director of the Stanford University Endowment. She brings a diverse background in investment banking, equity research, and investment management to the Wikimedia Endowment Board. Mayree spent over 20 years at Morgan Stanley, where she held various leadership roles, including deputy to the Chief Executive Officer and Chairman of finance company MSCI. After leaving Morgan Stanley, Mayree joined the investment management industry and later founded Eachwin Capital, an investment management firm. She has served on the boards of Ally Financial, Taubman, and Deutsche Bank AG, contributing her expertise in risk management, governance, and corporate turnaround. Mayree is also involved in multiple philanthropic organizations and holds degrees from the University of Southern California and the Stanford University Graduate School of Business. She has been a dedicated donor to the Wikimedia Foundation since 2007.

"Mayree's dedication to the Wikimedia Endowment is palpable. She enriches our Board, as her financial expertise guides us forward, enhancing our collective mission of knowledge building, equity, and dissemination," said President of the Wikimedia Endowment, Lisa Seitz-Gruwell.

With Mayree's addition, the Endowment Board now has eleven members who all serve as volunteers; Board members are appointed for three years and may serve up to three terms.

Mayree's appointment follows the recent release of the Wikimedia Foundation's digital-first, interactive Annual Report and Endowment Report, spotlighting Wikimedia's achievements and the vital role of donors. Emphasizing the theme "Knowledge is Human," the reports honor the diverse individuals, including volunteers, staff, and donors, who contribute to the mission of making free, reliable knowledge accessible to everyone, everywhere.

"I am thrilled with the opportunity to play an active part in supporting this precious community and all that it brings to the world," said Mayree Clark.

About the Wikimedia Endowment

Launched in 2016, the Wikimedia Endowment is a nonprofit charitable organization providing a permanent safekeeping fund to support the operations and activities of the Wikimedia projects in perpetuity. It aims to create a solid financial foundation for the future of the Wikimedia projects. As of December 31st, 2023, the Wikimedia Endowment was valued at $130 million USD. Endowment Board members are selected based on active involvement in philanthropic endeavors, prior nonprofit board experience, fundraising and investment expertise, and a strong commitment to the Wikimedia Foundation's mission. They serve as volunteers. The Wikimedia Endowment is a U.S.-based 501(c)3 charity (Tax ID: 87-3024488).

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