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That’s one interpretation. Another is that people typically support foundations not simply because they “do good,” but because they advance a specific cause the
by poszlem 9mo ago
That’s one interpretation. Another is that people typically support foundations not simply because they “do good,” but because they advance a specific cause the donor personally values. For example, if I donated to a foundation focused on developing cancer treatments, and that same foundation later shifted its efforts to addressing melting ice caps, I would likely feel frustrated, since that was not the purpose for which I chose to support it, and I don't really care that both actions "do good" in the world.
- mrandish 9mo ago> people typically support foundations While I agree with the general point that non-profit donors have a legitimate interest in the use of funds, in the particular case of the Mozilla Foundation, I believe the vast majority of that money is from placement fees Google paid to be the default search engine in Firefox. As the pay-for-placement market has evolved and Firefox's browser share has fallen, this income has also fallen dramatically. On the general point about non-profit donations, legally non-profit's use of funds are governed by their board of directors and charter, which often are not constrained in ways donors may assume, hence the need for due diligence prior to giving.
- pseudalopex 9mo agoMozilla Foundation's 2024 revenue was 60% investments, 28% program service revenue, 11% contributions and grants.[1] Most of program service revenue was from Mozilla Corporation. They paid Mozilla Foundation a small part of their revenue for trademark licenses, legal services, and so. And most of Mozilla Corporation's revenue was from Google. [1] https://stateof.mozilla.org/pdf/Mozilla%20Foundation_Form_990_2024.pdf https://stateof.mozilla.org/pdf/Mozilla%20Foundation_Form_99...
- mrandish 9mo agoAlthough I haven't looked at the actual reports in a long time, I think that's consistent with my understanding. The Google money (program service revenue) was a much higher percent in the past, creating the $1.4B nest egg. Now the Google money is greatly reduced and the majority of the income is from the nest egg.
- pseudalopex 9mo agoI intended the percentages to support your point donations were little of Mozilla Foundation's revenue. But you missed Mozilla Corporation held most assets.
- mrandish 9mo agoYes, I didn't take your post as disagreeing. I appreciated the current data since I haven't looked lately.