Skip to content
Internet Society Foundation
  • About
    • Board of Trustees
    • Our Projects
    • Our Team
    • 2024 Impact Report
    • 2025 Action Plan
    • Press Center
  • Funding Areas
    • Beyond the Net
    • BOLT
    • Chapter Admin Funding
    • Connecting the Unconnected
    • Encryption Day
    • Internet Governance Forum Events
    • Research
    • Resiliency
    • SCILLS
    • Sustainable Peering Infrastructure Funding Program
    • Sustainable Technical Communities
  • Resources
    • Grantee Eligibility & Compliance Guidance
    • Application Review Process
    • Alignment Requirements
    • Grant Management & Reporting Expectations
    • Grant Application and Project Implementation Guidance
    • Grant Partner Communications Toolkit
    • How to use Fluxx
    • Logo guidelines
  • News & Stories
    • News
    • Impact stories
    • The Bcc podcast
  • Careers
  • The Internet Society
  • Subscribe
  • Languages:ENESFR
FacebookTwitterLinkedinInstagramRssEmail
This content is available in the following languages
The Internet Society English is the current languageEspañolFrançais
  • Subscribe
    Internet Society Foundation
    • About
      • Board of Trustees
      • Our Projects
      • Our Team
      • 2024 Impact Report
      • 2025 Action Plan
      • Press Center
    • Funding Areas
      • Beyond the Net
      • BOLT
      • Chapter Admin Funding
      • Connecting the Unconnected
      • Encryption Day
      • Internet Governance Forum Events
      • Research
      • Resiliency
      • SCILLS
      • Sustainable Peering Infrastructure Funding Program
      • Sustainable Technical Communities
    • Resources
      • Grantee Eligibility & Compliance Guidance
      • Application Review Process
      • Alignment Requirements
      • Grant Management & Reporting Expectations
      • Grant Application and Project Implementation Guidance
      • Grant Partner Communications Toolkit
      • How to use Fluxx
      • Logo guidelines
    • News & Stories
      • News
      • Impact stories
      • The Bcc podcast
    • Careers
    • The Internet Society
    • Subscribe
    • Languages:ENESFR

    F13 – Agenda

    Home / Meeting Agendas / F13 – Agenda

    Meeting Date

    13 November 2021

    Location

    Virtual meeting

    See More Meeting Agendas

    Internet Society Foundation Board of Trustees Meeting #13

    Saturday, 13 Nov 2021

    14:00–15:45 UTC

    Videoconference

    Guide to Board of Trustees session types:

    •  Closed executive session: board members only.

    •  Open to observers session: local and remote attendees are welcome to listen in.

    •  Open forum session: local and remote attendees are welcome to ask questions, provide input, and discuss with the board. There are no open forum sessions scheduled for this meeting.

    Note:  The Board may invite individuals to participate in any session (e.g., as presenters) as needed.

    Guidelines for observers

    All times on this agenda are listed in UTC.

    Open to Observers Session

    14:00-14:05 UTC

    1.  Welcome, Apologies and Declaration of Conflicts – T. Hardie (5 mins)

    14:05-14:30

    2.  Executive Director’s Look Back at 2021 – S. Armstrong (25 mins)

    PURPOSE: To receive a report on the progress of the Foundation in 2021.

    No resolution required.

    14:30-14:40

    3.  Q3 Financial Update – S. Park (10 mins)

    PURPOSE: To receive a Q3 report on the Foundation’s finances.

    No resolution required.

    14:40-15:10

    4.  Presentation of 2022 Action Plan – S. Armstrong (30 mins)

    PURPOSE: To receive an overview of the proposed 2022 Action Plan.

    Move to Closed Executive Session

    15:10-15:25

    5.  Presentation of 2022 Budget – S. Park (15 mins)

    PURPOSE: To receive an overview of the proposed 2022 budget.

    15:25-15:30

    6.  Finance Committee report on proposed 2022 budget – L. Thomson (5 mins)

    PURPOSE: To receive a report of the Foundation’s Finance Committee.

    No resolution required.

    Move to Open to Observers Session

    15:30-15:35

    7.  Approval of 2022 Foundation Action Plan and Budget and other budget resolutions – T. Hardie (5 mins)

    PURPOSE: To approve the 2022 Foundation Action Plan and Budget and other budget resolutions.

    PROPOSED RESOLUTION:

    Resolution F2021-XX: Approve the 2022 Foundation Action Plan and Budget

    RESOLVED, that the Internet Society Foundation board approves the 2022 Foundation Action Plan and Budget, as presented.

    PROPOSED RESOLUTION:

    Resolution F2021-XX: Approve funding for Resiliency and Responding to Emergencies (RARE)

    RESOLVED that the ISOC Foundation Board approves the expenditure of $3,408,000 to fund the Resiliency and Responding to Emergencies (RARE) program using remaining amounts from Reserves.

    PROPOSED RESOLUTION:

    Resolution F2021-XX: Approve funding for Strengthening Communities/Improving Lives and Livelihoods (SCILLS)

    RESOLVED that the ISOC Foundation Board approves the expenditure of $3,105,000 to fund the Strengthening Communities/Improving Lives and Livelihoods (SCILLS) program using remaining amounts from Reserves.

    PROPOSED RESOLUTION:

    Resolution F2021-XX: Approve funding for Research

    RESOLVED that the ISOC Foundation Board approves the expenditure of $3,622,500 to fund Research program using remaining amounts from Reserves.

    PROPOSED RESOLUTION:

    Resolution F2021-XX: Approve funding for Beyond the Net

    RESOLVED that the ISOC Foundation Board approves the expenditure of $293,000 to fund the Beyond the Net program using remaining amounts from Reserves.

    PROPOSED RESOLUTION:

    Resolution F2021-XX: Approve funding for Building Opportunities/Leveraging Technology (BOLT)

    RESOLVED that the ISOC Foundation Board approves the expenditure of $1,242,000 to fund the Building Opportunities/Leveraging Technology (BOLT) program using remaining amounts from Reserves.

    PROPOSED RESOLUTION:

    Resolution F2021-XX: Approve funding for Opportunities

    RESOLVED that the ISOC Foundation Board approves the expenditure of $255,000 from remaining Reserves to fund Opportunities, including sponsorships for Global/Regional IGF and Schools of Internet Governance.

    15:35-15:40

    8.  Foundation’s direction for 2030 – T. Hardie (5 mins)

    PURPOSE: To approve the Executive Director’s ten-year financial portfolio recommendations

    PROPOSED RESOLUTION:

    Resolution F2021–XX Approve Ten-Year Financial Portfolio Recommendations

    WHEREAS the Board of Trustees (the “Board”) of the Internet Society Foundation (the “Foundation”) has reviewed the financial scenario planning and ten-year financial portfolio recommendations as presented by the Executive Director of the Foundation,

    NOW, THEREFORE, BE IT RESOLVED, that the financial scenario planning and ten-year financial portfolio recommendations are approved.

    15:40-15:45

    9.  Quasi-Endowment – T. Hardie (5 mins)

    PURPOSE: To approve the creation of a US$50,000,000 Quasi-Endowment for the Foundation

    PROPOSED RESOLUTION:

    Resolution F2021–XX Approve the creation of a US$50,000,000 Quasi-Endowment

    WHEREAS the Board of the Foundation has reviewed different financial scenarios within which the Foundation could potentially operate in the next ten years as presented by the Executive Director; and

    WHEREAS the Executive Director has recommended that the Board designate $50,000,000 of the Foundation’s current funds as a Quasi-Endowment to support the Foundation’s long-term sustainability within the context of the different financial scenarios as presented; and

    WHEREAS the Board has determined that it is in the Foundation’s best interests to designate such funds as recommended to provide for a sustainable financial future for the Foundation,

    NOW, THEREFORE, BE IT RESOLVED, that the Board hereby designates $50,000,000 as a quasi-endowment (the “Reserve Quasi-Endowment”) with such $50,000,000 corpus restricted from use without a unanimous resolution of the entire Board to permit spending of the corpus, and

    FURTHER RESOLVED, that the Reserve Quasi-Endowment shall be managed to provide for the long- and short-term financial needs of the Foundation to carry out its exempt purposes and to preserve the value of the Reserve Quasi-Endowment’s assets as set forth in these resolutions; and

    FURTHER RESOLVED, that the Reserve Quasi-Endowment shall be managed to provide for the long- and short-term financial needs of the Foundation to carry out its exempt purposes and to preserve the value of the Reserve Quasi-Endowment’s assets as set forth in these resolutions; and

    FURTHER RESOLVED, that the Executive Director is directed to develop, with the assistance of the Foundation’s financial advisors and in consultation with the President and CEO, an investment and spending policy for approval by the Board of the Foundation for the Reserve Quasi-Endowment in furtherance of the purposes of the Reserve Quasi-Endowment and consistent with these resolutions; and

    FURTHER RESOLVED, that the officers of the Foundation are hereby authorized and empowered to take any and all actions that they, or any of them, may deem necessary or proper to effectuate the purpose of the foregoing resolutions.

    15:45

    10. Adjournment

    See More Meeting Agendas

    The Internet is for Everyone

    The Internet Society Foundation supports the vision of the Internet Society and its work for an open, globally-connected, secure, and trustworthy Internet for everyone.

    isoc_foundation_logo@2x

    1551 Emancipation Highway #1506
    Fredericksburg, VA 22401

    1-703-439-2120

    [email protected]

    LinkedIn ISOC Foundation on Facebook ISOC Foundation on Instagram ISOC Foundation on YouTube ISOC Foundation on Twitter ISOC Foundation RSS feed
    Guidestar Platinum seal of transparency 2020

    Subscribe to our newsletter

    Get the latest news and announcements from our projects. Unsubscribe at any time. We won't use your details for anything else.

    Please enter your name.
    Please enter a valid email address.
    Subscribe!

    Thanks for subscribing! Please check your email for further instructions.

    Something went wrong. Please check your entries and try again.

    © 2024 Internet Society Foundation | Privacy Policy | Terms of use | Engagement Code of Conduct | Our Governance | DMCA Policy | Sitemap

    Scroll To Top