Meeting (2 April 2026)

Minutes from a Joint Meeting of the Internet Society and Internet Society Foundation Finance Committees

Committee Members in Attendance

Finance Committee Chair Victor Kuarsingh and committee members Ramanou Biaou, Ted Hardie, Kathleen Moriarty, Laura Thomson, and President and CEO Sally Wentworth (ex officio).

Internet Society (ISOC) Staff in Attendance

Chief Financial Officer Sae Park, Senior Director of Finance Jon Keplinger, and Director of Governance Lauren Terrell.

Guests Present for Certain Portions of the Meeting

Goldman Sachs Vice President John Hahn.

Call to Order and Welcome

Mr. Kuarsingh called the meeting to order at 13:03 UTC, welcomed attendees, and provided an overview of the topics on the committee’s agenda.

The Finance Committee meeting minutes from 30 October 2025 were approved as presented.

Update from Goldman Sachs

Mr. Hahn provided an overview of ISOC’s 2025 investment portfolio performance, activity to date, and the economic outlook given current geopolitical events. Discussion ensued.

Following his presentation, Mr. Hahn left the meeting. 

Update from CFO

2025 Financial Results (Pre-Audit) for ISOC, Connected Giving Foundation (CGF), and ISOC Foundation

Ms. Park reviewed the pre-audited 2025 financial results for ISOC highlighting revenue to expenses, financial performance indicators, public support test projections, and restricted funds.

Ms. Park reviewed the pre-audited 2025 financial results for ISOC Foundation, including revenue, expenses, and the cash and investment forecast.

Ms. Park reviewed the pre-audited 2025 financial results for the Connected Giving Foundation, including the statement of activities, investment activities, and portfolio asset allocation.

2026 Budget Scenario Planning

Ms. Park provided an overview of scenario planning for the 2026 budget. Scenario planning offers a structured approach to testing financial resilience, evaluating risk, and confirming whether current policies and reserves remain appropriate. Ms. Park presented several financial scenarios for the committee’s review, including baseline, good, and stress-testing scenarios. 

The committee engaged in discussion and noted its appreciation for the proactive and transparent approach to fiscal stewardship.

Any Other Business

No other business was raised.

Adjournment

With no other business, Mr. Kuarsingh adjourned the meeting at 14:01 UTC.