| | 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. | + | Each year the WMF 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. |