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The foundation set up a Wikipedia Endowment some five years ago, which has now reached 90MM of a 100MM goal. https://meta.wikimedia.org/wiki/Wikimedia_Endowmen
by tux3 6y ago
The foundation set up a Wikipedia Endowment some five years ago, which has now reached 90MM of a 100MM goal.
https://meta.wikimedia.org/wiki/Wikimedia_Endowment https://meta.wikimedia.org/wiki/Wikimedia_Endowment
- Zababa 6y agoThanks, I wasn't aware of this project. I have edited my comment to include it.
- hinkley 6y agoIs that enough to pay salaries and hosting costs? Sounds like the dividends will only cover 20% of their current expenses if they stop making grants. At it is it’s less than 10% of their burn rate. That’s a very excellent start but I suspect someone will want to grow that later on. In fact they’re at 90% of their goal and less than 60% of their target date, so they could be looking for $150M as the stretch goal.