Minutes from a Joint Meeting of the Internet Society and Internet Society Foundation Finance Committee Meeting — 29 May 2025
Committee Members in Attendance
Finance Committee Chair Laura Thomson and committee members Ted Hardie, Kathleen Moriarty, Caleb Ogundele, Ramanou Biaou, and President and CEO Sally Wentworth (ex officio).
Internet Society Staff in Attendance
Chief Financial Officer Sae Park and Senior Manager Budgeting and Forecasting Judy Kellett
Guests Present
Goldman Sachs Vice President John Hahn, Managing Director Harm Zebregs, and Geopolitical Strategist, Investment Strategy Group, Robert Hunter.
Call to Order and Welcome
Ms. Thomson called the meeting to order at 13:04 UTC, welcomed attendees, and provided an overview of the topics on the committee’s agenda.
The Finance Committee meeting minutes from 24 February 2025 were unanimously approved as presented.
Investment Portfolio and Market Update from Goldman Sachs
Mr. Hahn, Mr. Zebregs, and Mr. Hunter provided an overview of the 2025 portfolio performance and economic outlook to the committee. Discussion ensued.
Following their presentation, Mr. Hahn, Mr. Zebregs, and Mr. Hunter left the meeting.
Q1 2025 Financial Results for Internet Society and Internet Society Foundation
Ms. Park briefly reviewed the first quarter 2025 financial results for the Internet Society and the Internet Society Foundation, highlighting key financial performance indicators. She also discussed the Connected Giving Foundation’s financials, including the statement of activities and investment activities. Discussion ensued.
Any Other Business
No other business was raised.
Adjournment
Ms. Thomson adjourned the meeting at 14:15 UTC.