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Thomas Dalton wrote:
That's not
quite how it works. The donations that are coming in aren't
going to be changing, so WMF will still be getting most donations in
USD. Except, because of the poor exchange rate, it is much more
expensive to do just about everything in the UK, including renting
flats, renting office space, buying food, buying bandwidth, etc. The
donations wouldn't go nearly as far.
If hosting is staying in the US, that's quite a lot of the expenses
that will still be being paid in USD. And it's not that the pound is
strong, it's the dollar that's weak, so any non-USD donations can be
spent in the UK without problems.
The point is, the non-USD donations are already being spent in the US at
very favorable exchange rates. Go to the UK and that utterly
evaporates, and you suddenly need a much larger income stream to achieve
the same level of spending power.
And I forgot to mention the single largest expenditure WMF has (or maybe
second behind server costs): salaries. The Foundation would have to pay
significantly more money in the UK
I haven't looked at the budgets and
donation distributions to see how well it would work, but it shouldn't
be too big a problem. Remember, WMF is non-profit - one of the biggest
problems for profit making businesses is that they have to report
profits in one currency, so even if the actual money isn't being
converted, they still have to convert it on paper - the WMF doesn't
have to worry about that.
Non sequitur? Assuming it's even true?
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