I've been involved with Wikipedia (and Usenet, and variousother community-based projects) for many years. Reading several of the meeting notes, I believe I can contribute to the kinds of discussions involved in management of the project.
Ideas:
Establish an endowment for the foundation to provide a financial cushion from fundraising efforts
Seek out sources of funding that don't require us to fundamentally change our no-advertisements, open nature
The board should continue to be conservative in official day-to-day action on the wiki, reluctant to act except when it is necessary for the good of the project
Be skeptical about accepting new recurring costs and "hard" infrastructure without a strong justification, in order to make certain that the project remains solvent, noncorrupt, and flexible
Explore ways to present the data we have so far in more formats than the web (e.g. TTS, mobile devices, etc), for the benefit of humanity
Take great care to avoid risks that may place the project in legal jeopardy
Continue efforts to reunify Encyclopedia Libre and the Spanish Wikipedia, as well as encourage/establish outreaches for projects in different languages, to work more closely with other language Wikis to try to prevent similar problems, ensure legal compliance, and share ideas on policy