Hacker Newsnew | past | comments | ask | show | jobs | submitlogin

The foundation set up a Wikipedia Endowment some five years ago, which has now reached 90MM of a 100MM goal.

https://meta.wikimedia.org/wiki/Wikimedia_Endowment



Is that enough to pay salaries and hosting costs? Sounds like the dividends will only cover 20% of their current expenses if they stop making grants. At it is it’s less than 10% of their burn rate.

That’s a very excellent start but I suspect someone will want to grow that later on. In fact they’re at 90% of their goal and less than 60% of their target date, so they could be looking for $150M as the stretch goal.


Thanks, I wasn't aware of this project. I have edited my comment to include it.




Guidelines | FAQ | Lists | API | Security | Legal | Apply to YC | Contact

Search: