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Wikimedia Foundation (view source)
Revision as of 18:11, September 3, 2013
, 18:11, September 3, 2013→Finances: copy paragraph from liberal stupidity article
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If the WMF has $31 million in the bank, those funds could produce (at 4%) $1,240,000 in annual income, which is more than enough to fund the Wikipedia web servers in perpetuity. So, people are questioning the need for the WMF's annual fund raising campaign.
If the WMF has $31 million in the bank, those funds could produce (at 4%) $1,240,000 in annual income, which is more than enough to fund the Wikipedia web servers in perpetuity. So, people are questioning the need for the WMF's annual fund raising campaign.
Each year the [[Wikimedia Foundation]] conducts a fundraising drive to keep the webservers working on that popular liberal website. They claim the donations go to "Servers, bandwidth, maintenance, development."<ref>{{cite web|url=https://donate.wikimedia.org/w/index.php?title=Special:FundraiserLandingPage&country=US&uselang=en&utm_medium=sidebar&utm_source=donate&utm_campaign=C13_en.wikipedia.org|title=Make Your Donation Now - Donate|accessdate=September 3, 2013}}</ref> Yet, in the period July - December 2012, the WMF took in $30.9 million but spent only $1.3 million on internet hosting.<ref>{{cite web|url=https://upload.wikimedia.org/wikipedia/foundation/6/68/Jul-Dec%2712_Mid-year_financials2.pdf|title=Actual vs. Plan Comparison|work=Wikimedia Foundation|accessdate=September 3, 2013}}</ref> During 2012, the net worth of the WMF grew by $11 million. Yet, liberal Wikipedia users continue to donate in response to the WMF's urgent appeals.
==Dispersed accountability==
==Dispersed accountability==
A major factor in preventing accountability is that the fundraising conducted on the Wikipedia website links to a number of different solicitation pages depending on the nationality of the donor. Although the WMF collects the funds from donors located in the United States and other nations, fundraising in many countries is conducted by the country's own national chapter. The chapters then share the revenues with WMF. However, each chapter adopts its own spending practices and accountability standards.
A major factor in preventing accountability is that the fundraising conducted on the Wikipedia website links to a number of different solicitation pages depending on the nationality of the donor. Although the WMF collects the funds from donors located in the United States and other nations, fundraising in many countries is conducted by the country's own national chapter. The chapters then share the revenues with WMF. However, each chapter adopts its own spending practices and accountability standards.