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→Flaws in governance structure: clarify
Originally, revenue from fundraising banners in the United States went to the WMF, but banner revenue in foreign countries went to the chapters located in those countries. In recent years, the WMF has consolidated all fundraising revenues, with national chapters being forced to apply for specific grants from the WMF.
Originally, revenue from fundraising banners in the United States went to the WMF, but banner revenue in foreign countries went to the chapters located in those countries. In recent years, the WMF has consolidated all fundraising revenues, with national chapters being forced to apply for specific grants from the WMF.
To further complicate the financial controls, the WMF established a separate endowment at the [[Tides Foundation]] which is controlled by that foundation in consultation with an advisory board. Instead of having a community-selected advisory board or the entire WMF serving as the advisory board, a new group was appointed with Wales and large donors serving. When the endowment reaches its fundraising target, the advisory board decides whether the funds should stay at the Tides Foundation, be transferred to the WMF, or used in some other way. So, if Wales has a falling out with the WMF Board over the next ten years, he and his hand-picked advisory board could take the Wikipedia endowment somewhere else.
To further complicate the financial controls, the WMF established a separate endowment at the [[Tides Foundation]] which is controlled by that foundation in consultation with an advisory board. Instead of having a community-selected advisory board or the entire WMF Board serving as the advisory board, the Tides Foundation appointed a new group with Wales and large donors serving. When the endowment reaches its fundraising target, the advisory board decides whether the funds should stay at the Tides Foundation, be transferred to the WMF, or used in some other way. So, if Wales has a falling out with the WMF Board over the next ten years, he and his hand-picked advisory board could take the Wikipedia endowment somewhere else. The editing community has no say in the endowment -- who manages it or how the income will be spent.
==See also ==
==See also ==