Wikipedia Exceeds Fundraising Target, But Continues Asking For More Money (theregister.co.uk)

Reader Andreas Kolbe writes: The fundraising banners on Wikipedia this year are so effective that halfway through its December fundraising campaign, the Wikimedia Foundation has already exceeded its $25 million donations target for the entire month, reports The Register. A few weeks ago, Jimmy Wales promised that the Wikimedia Foundation would "stop the fundraiser if enough money were raised in shorter than the planned time". But there's no sign of the Foundation doing that. When asked about this more recently, a Wikimedia Foundation spokesperson remained non-committal on ending the campaign early. The most recent audited accounts of the Wikimedia Foundation showed net assets of $92 million and revenue of $82 million. None of this money, incidentally, pays for writing or checking Wikipedia content – that's the job of unpaid volunteers – and only $2 million are spent on internet hosting every year.

Comments

Re:I am not going to complain

[DNS-and-BIND]

They're not building up a financial cushion. They're going to steal the money later in the usual way: paying for services they don't need. If you think Wikipedia is somehow above greed because of reasons, they're human. Humans suck. Don't be naive.

One of the reasons a vow of poverty is so powerful and gives so much moral credibility is because you put your money where your mouth is. It doesn't mean live in poverty, it just means live according to what you need. After all, when need arises the good people won't let you down. Instead Wikipedia is just building up a big pile of money, which stinks. Money is like manure, you have to spread it around to do any good.

Re:I am not going to complain

[bluefoxlucid]

You mean like running the site in 47 languages, including a Simple English Wikipedia, and having administrators who at least make sure the site is tended and not being hijacked by morontards?