3 ms·
Wikipedia is an amazing resource, but we should be careful to realize where the bulk of its funding comes from. Wikipedia is mostly funded through the Wikimedi
by yucky 4y ago
Wikipedia is an amazing resource, but we should be careful to realize where the bulk of its funding comes from.
Wikipedia is mostly funded through the Wikimedia Endowment. From their footer: "The Endowment has been established, with an initial contribution by Wikimedia Foundation, as a Collective Action Fund at Tides Foundation (Tax ID# 51-0198509)" [0][1]
The Tides Foundation is a "Donor Advised Fund", which effectively acts as a dark money PAC that funnels money from other non-profits and individual donors to progressive causes.[2]
From the Wikipedia entry itself: "Tides Foundation is an American public charity and fiscal sponsor working to advance progressive causes and policy initiatives in areas such as the environment, health care, labor issues, immigrant rights, LGBTQ+ rights, women's rights and human rights. It was founded in San Francisco in 1976. Through donor advised funds, Tides distributes money from anonymous donors to other organizations, which are often politically liberal."[3]
Also, the General Counsel of Wikimedia Foundation is Amanda Keton, who came over from Tides. "Prior to joining Wikimedia, Amanda was General Counsel of Tides Network, a national public foundation deploying donor-advised grants and investments to build a world of shared prosperity and social justice. While in that role, she worked with the Wikimedia Foundation to establish the Wikimedia Endowment, a permanent source of funding to support the Wikimedia projects and mission in perpetuity. She also served as Head of Tides Foundation and People Operations and the CEO of Tides Advocacy, the policy affiliate in the Tides family of organizations."[4]
One would hope all of this would not lead to a strong bias in the way Wikipedia is edited & managed, but it's important that everyone understands the quite strong bias behind the organization itself.
[0] - https://wikimediaendowment.org/ https://wikimediaendowment.org/
[1] - https://www.theguardian.com/technology/2016/jan/15/wikipedia-fund-future https://www.theguardian.com/technology/2016/jan/15/wikipedia...
[2] - https://capitalresearch.org/article/tides-legal-laundering-an-incubator-for-the-left-three/ https://capitalresearch.org/article/tides-legal-laundering-a...
[3] - https://en.wikipedia.org/wiki/Tides_Foundation https://en.wikipedia.org/wiki/Tides_Foundation
[4] - https://wikimediafoundation.org/profile/amanda-keton/ https://wikimediafoundation.org/profile/amanda-keton/
- akolbe 4y agoMost of the Wikimedia Foundation's revenue comes from small donations, and part of that is then funneled to the Endowment at the Tides Foundation – which has never to date published audited accounts: https://en.wikipedia.org/wiki/Wikipedia:Wikipedia_Signpost/2022-05-29/Opinion https://en.wikipedia.org/wiki/Wikipedia:Wikipedia_Signpost/2... This $100 million endowment was built in half the time anticipated: https://www.dailydot.com/debug/wikipedia-endownemnt-fundraising/ https://www.dailydot.com/debug/wikipedia-endownemnt-fundrais... The Wikimedia Foundation currently has almost $400 million in assets and reserves: https://en.wikipedia.org/wiki/Wikipedia:Wikipedia_Signpost/2022-06-26/Special_report https://en.wikipedia.org/wiki/Wikipedia:Wikipedia_Signpost/2... That's five times as much as it had in 2015, when the Washington Post published an article titled "Wikipedia has a ton of money. So why is it begging you to donate yours?" https://www.washingtonpost.com/news/the-intersect/wp/2015/12/02/wikipedia-has-a-ton-of-money-so-why-is-it-begging-you-to-donate-yours/ https://www.washingtonpost.com/news/the-intersect/wp/2015/12...