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> In January 2016, the Foundation announced the creation of an endowment to safeguard its future. The Wikimedia Endowment was established as a donor-advised fun
by fathyb 4y ago
> In January 2016, the Foundation announced the creation of an endowment to safeguard its future. The Wikimedia Endowment was established as a donor-advised fund at the Tides Foundation, with a stated goal to raise US$100 million in the next 10 years.
> The Foundation itself has provided annual grants of $5 million to its Endowment since 2016. These amounts have been recorded as part of the Foundation's "awards and grants" expenses. In September 2021, the Foundation announced that the Wikimedia Endowment had reached its initial $100 million fundraising goal in June 2021, five years ahead of its initial target.
That's 2.7% of the money donated to the Foundation, right?
https://en.wikipedia.org/wiki/Wikimedia_Foundation#Wikimedia_Endowment https://en.wikipedia.org/wiki/Wikimedia_Foundation#Wikimedia...
- swalling 4y agoYes. And the endowment is also moving off Tides now that it has its own approved 501(c)(3) status. https://diff.wikimedia.org/2022/10/26/governance-updates-for-the-wikimedia-endowment/ https://diff.wikimedia.org/2022/10/26/governance-updates-for...