[Foundation-l] Putting the Foundation back in WMF
saintonge at telus.net
Sat Nov 17 22:31:27 UTC 2007
Thomas Dalton wrote:
> 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.
Capital gains are not a reliable investment, especially not in the short
term. Short term capital gains are mostly a matter of good luck.
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