Wikimedia? last time they were on HN there was a discussion about how only a tiny fraction of their donations go to Wikipedia and the rest is used for other pet

Wikimedia? last time they were on HN there was a discussion about how only a tiny fraction of their donations go to Wikipedia and the rest is used for other pet projects most people wouldn't necessarily care about. I think the conclusion was that wikimedia exists to grow bigger and ask for more donations not necessarily to be good stewards of said donations. Otherwise wouldn't they be trying to create an endowment that keeps the lights perpetually on at Wikipedia without Jimmy needing to beg every year?