4 ms·
That article says the endowment is managed by Tides Foundation. I can see how that would make you suspicious given your objection to their other work, but the
by magicalist 4y ago
That article says the endowment is managed by Tides Foundation. I can see how that would make you suspicious given your objection to their other work, but the
> Your donation --> Wikimedia Foundation --> Tides Foundation --> Bad things that only Tides knows about
pipeline you cite seems invented by you and doesn't have anything to do with who is managing the endowment? It's still Wikimedia's endowment.
- yucky 4y agoYou can read more in their financial filings, which is part of what this thread is about: >"The Foundation has an agreement with the Tides Foundation that established the Wikimedia Endowment as a Collective Action Fund to act as a permanent safekeeping fund to generate income to ensure a base level of support for the Wikimedia projects in perpetuity. The Endowment is independent from the Foundation. From fiscal years ended June 30, 2016 through June 30, 2021, the Foundation provided irrevocable grants in the total amount of $30 million ($5 million per fiscal year) to the Tides Foundation for the purpose of the Wikimedia Endowment." Money from donors, given to Tides, disbursed into the ether.