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.
That's a good point. Nevertheless, it's still a short term consideration - purchasing power and exchange rates will converge over time (and then diverge again, of course, but there's no way to know which direction they'll go in next time).
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
It's second largest, but is still a fairly small proportion. Not to mention that not all the employees work in the office, a move to the UK wouldn't involve all the staff moving to the UK (or being replaced by people 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? -----BEGIN PGP SIGNATURE----- Version: GnuPG v1.4.6 (MingW32)
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