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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.
Wikipedia is funded primarily by donations and grants. It does not charge for access nor offer any paid subscription services. If you're looking to acquire a profitable company to diversify your business portfolio, or if you're thinking of trying to save an indebted company from bankruptcy, Wikipedia isn't it. See Wikipedia:Fundraising statistics.
The particular tax consequences of a donor's charitable contribution depends on the type of contribution that he makes. A taxpayer may contribute services, cash, or property to a charity. There are a number of traps, especially that donations of short-term capital gains are generally not tax deductible.
Two major kinds of such donations deserve specific consideration, charitable as well as political donations. According to a 2020 study of large United States–based corporations, "6.3 percent of corporate charitable giving may be politically motivated, an amount 2.5 times larger than annual PAC contributions and 35 percent of federal lobbying.
In 2005, the Foundation was granted section 501(c)(3) status by the U.S. Internal Revenue Code as a public charity, making donations to the Foundation tax-deductible for U.S. federal income tax purposes. [17] Its National Taxonomy of Exempt Entities (NTEE) code is B60 (Adult, Continuing education). [18] [19]
• As the donor clicks on the donation ad, there might be a checkbox stating, "send 0.5% of donation to Wikipedia." Each donor then can either uncheck the box or modify the percentage as desired. • Wikipedia can limit itself to helping definitively "neutral" charities, such as the Red Cross and major Humane Society organizations.
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.
As of November 12, 2002, Wikipedia is officially FOR SALE! That's right! All 6,931,770 articles on English Wikipedia (including this one ) could be yours to do with as you please.