User:Stereo/Finance Committee

The creation of the committee, named "fundraising committee" and with an initial charter focused on fundraising, was decided in December 2020. The committee was renamed to "finance committee" and its scope was expanded on August 2022.

Charter

The initial charter was approved by the OSMF board on 2022-05-23 and expanded on 2022-08-16.

The Finance Committee gathers financial needs from across OSMF, forecasts budget requirements, develops the strategy for raising funds, maintains donor relationships and coordinates implementation of fundraising plans, and tracks actual spend.

The Finance Committee is open to members external to the Board, in addition to Board members. External members are approved by the OSMF Board. Some portion of the Finance Committee work may be limited to Board members only.

The Committee will communicate among themselves and meet periodically. The Committee will communicate its activities and results in the Treasurer's report at the OSMF Annual General Meeting, maintain minutes of meetings, and may share additional communication about its work from time to time.

What we do

Budgeting

• Take a multiyear perspective on budget requirements
• Gather budget needs annually, and on request, from OSMF Working Groups, the Personnel_Committee and the Board
• Assess needs against available funds, and arrange for approval of budgets by Board
• Regularly track actual spend

Fundraising

• Set fundraising targets inline with operational budget set by OSMF Board.
• Develop fundraising pitch and materials.
• Maintain relationships with our funders.
• Organize fundraising drives targeting community members and supporters.
• Investigate and pursue diversification of funding sources.
• Coordinate fundraising with other entities in the OSM ecosystem.

Composition of the Finance committee

Board members

• Mikel Maron - Chairperson of the committee, elected in December 2020.
• Roland Olbricht - OSMF Treasurer
• Guillaume Rischard

Non-board individuals

• Allan Mustard - former OSMF board chairperson.
• Allen Gunn - Aspiration Tech
• Maggie Cawley - Executive Director of OSM-US (OpenStreetMap Local Chapter in the US)
• Tyler Radford - Executive Director of Humanitarian OpenStreetMap Team

The non-board individuals were approved on 2022-05-23.

Meetings and workshops

• Workshops: 2022-09-19 to [pending - series not completed yet] Series of ten to eleven fundraising workshops with Geoffrey MacDougall (Aspiration Tech), offered to the OSMF board for free. Attended: Mikel Maron, Roland Olbricht and Guillaume Rischard. (Some of the dates: 2022-09-19, 2022-09-23)
• Meeting: 2022-05-06