4 ms·
They're working on an endowment afaik
by circlefavshape 7y ago
They're working on an endowment afaik
- elect_engineer 7y agoFull disclosure: I am the author of the Wikipedia essay "Wikipedia has cancer". See https://news.ycombinator.com/reply?id=21700802 https://news.ycombinator.com/reply?id=21700802 and https://en.wikipedia.org/wiki/User:Guy_Macon/Wikipedia_has_Cancer https://en.wikipedia.org/wiki/User:Guy_Macon/Wikipedia_has_C... Re: "They're working on an endowment afaik", Yes. They are. which is why I have called on the WMF to "build up our endowment, and structure the endowment so that the WMF cannot legally dip into the principal when times get bad." The danger I warn about in my essay is the WMF continuing to increase spending even if donations stop increasing. If they do that there is currently nothing stopping them from draining the endowment and spending it.