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A note on the separate status of the Wikimedia Endowment. The Wikimedia Endowment, held from 2016 to 2023 by the Tides Foundation and now a standalone 501(c)(3) nonprofit, is not and has never been included in Wikimedia Foundation assets, even though Wikimedia Foundation fundraising staff solicit donations to the Endowment and the Wikimedia Foundation itself made donations to the Endowment.
By the end of 2010, it was expected that Facebook users would purchase Credits to pay for the majority of virtual goods sold on the social network. [3] In March 2011, Facebook created an official subsidiary to handle payments: Facebook Payments Inc. [11] In June 2012, Facebook announced it would no longer use its own money system, Facebook Credits.
The majority of funding for the Wikimedia Foundation comes from individual donors all around the world. These donations allow the Foundation to provide the world-class technology infrastructure that supports 15 billion monthly views to Wikipedia and its sister projects, protect free knowledge globally through legal and advocacy efforts, and support the incredible volunteer editors who have ...
In days past, the contributors that built Wikipedia were only bound by a shared interest in free knowledge; but money has increasingly become part of the glue that ties the movement together. And the WMF holds the purse strings, controlling the unprecedented wealth that results from its fundraising success.
The money that you and I put aside for charity could be spent in worse ways than donating to Wikipedia, but I think there are better causes for me to donate my money to, at least while the WMF has the assets and income that it does (and is planning to with its for-profit plans).
Facebook buys data from third parties, gathered from both online and offline sources, to supplement its own data on users. Facebook maintains that it does not share data used for targeted advertising with the advertisers themselves. [122] The company states:
Wikipedia and its fellow sites are hosted by the Wikimedia Foundation, a non-profit organisation based in the United States. Sites like Google or Yahoo are hosted on thousands of servers, with thousands of employees; we have around 800 servers and around 350 staff, and cover our costs through donations—almost all from members of the public.
If a large amount of money begins flowing through Wikipedia, thousands of Wikipedia contributors might get distracted from editing and instead argue about where the money should go. This might become more of a problem if Wikipedia generates far more revenue than it needs for its own operation, and begins supporting outside charities.