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As the sibling comment points out, assuming Wikipedia's endowment sees 5% returns, it needs to be $54 million just to cover Wikipedia's hosting expenses. That d
by giantrobot 4y ago
As the sibling comment points out, assuming Wikipedia's endowment sees 5% returns, it needs to be $54 million just to cover Wikipedia's hosting expenses. That doesn't cover any other Wikipedia/Wikimedia expenses like their full time staff or other OpEx.
If the endowment gets less than 5% returns it needs to be that much larger to cover expenses.
- xu_ituairo 4y agoYeah, and they already have a lot more than 54M in the bank
- akolbe 4y agoPer this page https://meta.wikimedia.org/wiki/Wikimedia_Endowment https://meta.wikimedia.org/wiki/Wikimedia_Endowment the Endowment at the Tides Foundation held over $113 million in January of this year. That is the latest data available. The Wikimedia Foundation itself reported assets of $239 million in addition to that, as of June this year: https://foundation.wikimedia.org/w/index.php?title=File%3AWikimedia_Foundation_FY2021-2022_Audit_Report.pdf&page=6 https://foundation.wikimedia.org/w/index.php?title=File%3AWi...