Meeting (26 August 2025)

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 Ted Hardie, Kathleen Moriarty, Laura Thomson, and President and CEO Sally Wentworth (ex officio).

Committee Members Absent

Ramanou Biaou.

Internet Society Staff in Attendance

Chief Financial Officer Sae Park, Senior Manager Budgeting and Forecasting Judy Kellett, and Director of Governance Lauren Terrell.

Guests Present for Certain Portions of the Meeting

Goldman Sachs Vice President John Hahn and Managing Director Harm Zebregs.

Call to Order and Welcome

Mr. Kuarsingh called the meeting to order at 12:02 UTC, welcomed attendees, and provided an overview of the topics on the committee’s agenda.

The Finance Committee meeting minutes from 29 May 2025 were approved as presented by acclamation.

Investment Portfolio and Market Update from Goldman Sachs

Mr. Hahn and Mr. Zebregs provided an overview of ISOC’s 2025 investment portfolio performance to date and economic outlook for the remainder of the year. Discussion ensued.

Following their presentation, Mr. Hahn and Mr. Zebregs left the meeting. 

Q2 2025 Financial and Mid-Year Forecast Results for Internet Society and Internet Society Foundation

Ms. Park reviewed the second quarter 2025 financial and mid-year forecast results for the Internet Society and the Internet Society Foundation, highlighting key financial performance indicators, ISOC generated revenue, public support test projections, temporarily restricted funds, and board designated program funds. Discussion ensued.

Any Other Business

No other business was raised.

Adjournment

Mr. Kuarsingh adjourned the meeting at 13:00 UTC.

All Board Finance Committee Meeting Minutes

Meeting (26 August 2025)

• Meeting (26 August 2025)
• Meeting (29 May 2025)
• Meeting (28 October 2024)
• Meeting (3 September 2024)
• Meeting (30 May 2024)
• Meeting (4 March 2024)
• Meeting (30 October 2023)
• Meeting (30 August 2023)
• Meeting (5 June 2023)
• Meeting (22 March 2023)
• Meeting (31 October 2022)
• Meeting (9 August 2022)
• Meeting (3 March 2022)
• Meeting (4-5 December 2021)
• Meeting (28 April 2021)
• Meeting (30 October 2020)
• Meeting (29 July 2020)
• Meeting (24 April 2020)
• Meeting (24 February 2020)
• Meeting (1 November 2019)
• Meeting (14 August 2019)
• Meeting (17 May 2019)
• Meeting (23 April 2019)
• Meeting (4 February 2019)
• Meeting (9 May 2018)
• Meeting (1 December 2017)
• Meeting (18 August 2017)
• Meeting (17 May 2017)
• Meeting (16 March 2017)
• Meeting (22 November 2016)
• Meeting (18 August 2016)
• Meeting (13 May 2016)
• Meeting (16 March 2016)
• Meeting (13 November 2015)
• Meeting (19 August 2015)
• Meeting (7 May 2015)
• Meeting (26 February 2015)
• Meeting (30 October 2014)
• Meeting (19 August 2014)
• Meeting (13 May 2014)
• Meeting (10 March 2014)
• Meeting (28 October 2013)
• Meeting (26 September 2013)
• Meeting (11 September 2013)
• Meeting (15 May 2013)
• Meeting (28 March 2013)
• Meeting (3 August 2012)
• Meeting (7 May 2012)
• Meeting (5 March 2012)
• Meeting (8 November 2011)
• Meeting (28 September 2011)