this post was submitted on 19 Sep 2023
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@bpalmerau@aussie.zone & @magic_lobster_party@kbin.social
I never ever donated to Wikipedia, I thought, heck, they are famous enough I am pretty sure they won't go out of business anytime soon and I was right https://en.wikipedia.org/wiki/Wikipedia:Fundraising_statistics. Wikipedia raised about 5M dollars per years from 2016-2021. According to them, it's to "act as a permanent safekeeping fund to generate income to ensure a base level of support for the Wikimedia projects in perpetuity." -Wiki
What do you think of that? I mean, I don't think they need that much to have a financially secure future, do you? I mean, I don't know how they spend it. Most open source projects don't have that kind of cash-flow.
They don't spend it. They invest it and only operate off the interest/returns it generates, not touching the principle. That's how it can fund the project in perpetuity.
It’s good they’re financially insured in case they face some bad years. Who knows what will happen in the future.
I would be concerned if they barely had any cash reserves at all.