In 2015, the WMF Board and Tretikov reorganized the "Advancement" fundraising staff and secretly entered into an agreement with the [[Tides Foundation]] to establish a separate endowment fund. The Tides Foundation was established by liberal [[George Soros]]. Under the arrangement, the Tides Foundation will invest and control the endowment until it reaches its goal of $100 million at which time the WMF and Tides will agree on how to handle the money in the future. The WMF has hired staff to solicit and process gifts for the endowment, and the endowment was publicly launched on January 15, 2016.<ref>{{cite web|url=https://15.wikipedia.org/endowment.html|title=Wikimedia Endowment|accessdate=Feb. 26, 2016}}</ref> Many people have questioned how the WMF could embark on a $100 million endowment fund drive just a few weeks after a banner ad campaign on its website begging for money to keep its servers running. | In 2015, the WMF Board and Tretikov reorganized the "Advancement" fundraising staff and secretly entered into an agreement with the [[Tides Foundation]] to establish a separate endowment fund. The Tides Foundation was established by liberal [[George Soros]]. Under the arrangement, the Tides Foundation will invest and control the endowment until it reaches its goal of $100 million at which time the WMF and Tides will agree on how to handle the money in the future. The WMF has hired staff to solicit and process gifts for the endowment, and the endowment was publicly launched on January 15, 2016.<ref>{{cite web|url=https://15.wikipedia.org/endowment.html|title=Wikimedia Endowment|accessdate=Feb. 26, 2016}}</ref> Many people have questioned how the WMF could embark on a $100 million endowment fund drive just a few weeks after a banner ad campaign on its website begging for money to keep its servers running. |