Yair Rand (quoted below) inquired last December about a 2019/2020 WMF expenditure item, the $8.723M the WMF transferred to a "Wikimedia Knowledge Equity Fund managed and controlled by Tides Advocacy".
The 2019/2020financial audit FAQ said, "The Wikimedia Foundation is still setting up the specifics of the Knowledge Equity Fund and will share more information in late 2020."
Replying to Lair last December, Lisa updated this, saying, "We intend to announce the Knowledge Equity Fund in early 2021, once we have a bit more details and specifics worked out."
Inquiring for this information again in April, I was told by Kassia on Meta that there had been delays, but "We will be able to share more information in May about the Equity Fund, its structure and eligibility for the Fund, and we will also have materials on Meta with more detail."
If any such information was published in May (I may possibly have missed it), could you please provide a link, and if not, could you please publish it now?
Or could you at least answer the following:
1. Are the entire $8.723M, sent to Tides almost a year ago now, still with Tides? If yes, where will the money go?
2. What public reporting will there be of how the funds are used?
3. If any of this money has been spent over the past year, where has it gone?
On a related matter, note the thread on Hacker News that kicked off yesterday. It contains a useful microcosm of public responses to the current fundraising paradigm and is well worth studying.