About FinOps Foundation (F2)

The FinOps Foundation is a non-profit trade association made up of FinOps practitioners around the world.

Grounded in real world stories, expertise and inspiration for and by FinOps practitioners, the FinOps Foundation is focused on codifying and promoting cloud financial management best practices and standards to help the community members and their teams become better at cloud financial management.

FinOps Educational Activities

In 2019, the FinOps Foundation will undertake a variety of community and educational initiatives including:

Legal Structure of the Foundation

FinOps Foundation is a member-based non-profit trade association. It will be seeking 501(c)(6) designation from the IRS as a tax-exempt trade association. It has a board of directors and three classes of members: general members, charter members and cloud service provider members. Charter members contribute to the standards and best practices that the Foundation publishes and are more likely to engage in thought leadership via speaking or contributing to the FinOps canon of knowledge.

The founding FinOps Foundation board is made up of:

The Foundation intends to extend board seats for broader industry representation in 2019.

History of the Foundation

The FinOps Foundation was born out of Cloudability’s quarterly Customer Advisory Board meetings where many cloud practitioners expressed the need for a community of practitioners to discuss best practices beyond vendor tooling. Very few people know how to implement FinOps in an organization, and there’s not yet a commonly agreed set of published principals.

Cloudability wanted to provide a forum where all practitioners of FinOps could learn from each other. So, in February 2019, it helped to found the FinOps Foundation (F2) with assistance in underwriting legal and administrative fees.

The Foundation is now made up of over 350 independent industry experts from over 173 companies as diverse as Nationwide, Spotify, Nike, MIT, Atlassian, HERE Technologies, Australia Post, Thermo Fisher Scientific, Just Eat, Pearson, Sainsbury’s, Middle East Broadcasting Company, Tabcorp, Autodesk, Neustar, with dozens more joining each week.

Join the FinOps Foundation

If you are leading with the FinOps approach or want to start learning more join us today.

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