On Mon, Feb 1, 2016 at 3:19 PM, C. Scott Ananian <canan...@wikimedia.org> wrote:
> Sue explained to me that the goal was to have WMF's budget be roughly 50%
> grants and 50% user contributions to guard against unexpected fragility
> with either of these funding sources.
If that was the goal, it does not seem to have been reached. Even in
the 2008-2009 financial year, when the budget was $6 million and the
foundation received a million-dollar grant from the Stanton
Foundation, restricted grants did not reach 20% of the budget. Since
then, fundraising has grown enormously, so that the Knight Foundation
grant comes to less than 1% of what fundraising produces. Are we sure
that it won't consume more than 1% of our organizational attention?
In any event, isn't this the whole point of having an endowment?
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