Apparently, the WMF has a problem to foresee how much
donation campaign will bring in, and how the coming year's budget
can be made to fit this. Perhaps each year will raise less and
less money, and that we already have the best years behind us.
Is there a way we could reach better long-term stability? Should
the WMF set up a long-term fund and move some of this year's money
there, as a reserve for future meager years? If the interest rate
is 4% then a fund which is 25 times bigger than the budget can
support it in whole for ever. But even a smaller fund might be a
good help. Should donors be given the option of giving to the
current budget or giving to the fund? Has this been discussed?
I believe one of the things the auditors suggested with building up a
reserve fund large enough to fund (I think) 6 months of activities. I
think the board did intend to try and do that, but I don't think the
budget includes putting anything towards it...
Being able to fund activities off capital gains would be very useful,
but really it requires large endowments to work. Building up a fund
from small fundraisers isn't going to work.