[Foundation-l] Putting the Foundation back in WMF

[Thomas Dalton]

> When did the community ever have the power of the purse?

Never. By "community" we usually mean the editors. As far as I know,
most donations come from readers, not editors.

> I agree that planned investment can do better than 4%, and still be
> relatively safe, but needing the funds in the very near future severely
> limits investment options.

The usual method with endowments is to spend the interest, not the
principle. Only the principle is difficult to access in long term
investments.