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?
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