Hi Christophe,

This thread has circled around the main question of will any decisions around the endowment be transparent. The answer is yes.

The question of transparency has also become conflated with the mechanism of how the money is held. The answer here is that we are working to transition endowment funds out of Tides to the separate 501(c)(3) entity that is already registered and the transition process will soon be underway. 

Finally, to answer some questions that came up directly: 

Is the Endowment an independent 501(c)(3) entity? Yes.

Is the money currently managed by Tides? Yes.

Will the money transition out of Tides to the new 501(c)(3)? Yes.

You can also find a similar reply that we gave earlier, on meta. 

Regards,

Caitlin Virtue

Senior Director of Development

Wikimedia Foundation