Comment Re:So? (Score 1) 202
(* 25 * $2.5M = $62.5M, $62.5M - $53M (the amount they already have) = $9.5M still needed)
Try another $522M - The FP's "$2.5 million" counts as an extremely misleading number from someone with an obvious agenda. That $2.5 million literally only covers bandwidth and electricity; WMF actually has an annual budget of almost 10x that, $23M.
Okay, so you're saying that Wikipedia will raise another $9.5 million* and then stop, right? If they do that, then I won't complain.
Would they stop begging for donations if someone handed them a check for half a billion tomorrow? I can't say even if they should... That would depend on whether they have aspirations to make the WMF something even bigger and currently just don't have the funding to take it to the next level. If not, then yes, I'd like to think they would invest it and operate off the proceeds.
Realistically though, it amounts to a moot point. They won't ever reach that level of funds in reserve; but the closer they get, the more their investment yield reduces the need for immediate donations on a quarterly basis.
Try another $522M - The FP's "$2.5 million" counts as an extremely misleading number from someone with an obvious agenda. That $2.5 million literally only covers bandwidth and electricity; WMF actually has an annual budget of almost 10x that, $23M.
Okay, so you're saying that Wikipedia will raise another $9.5 million* and then stop, right? If they do that, then I won't complain.
Would they stop begging for donations if someone handed them a check for half a billion tomorrow? I can't say even if they should... That would depend on whether they have aspirations to make the WMF something even bigger and currently just don't have the funding to take it to the next level. If not, then yes, I'd like to think they would invest it and operate off the proceeds.
Realistically though, it amounts to a moot point. They won't ever reach that level of funds in reserve; but the closer they get, the more their investment yield reduces the need for immediate donations on a quarterly basis.