[Foundation-l] Jimmy Wales in the news

[daniwo59 at aol.com]

In a message dated 3/6/2008 1:46:02 AM Eastern Standard Time,  
Brian.Mingus at colorado.edu writes:

Jimmy  funded Wikipedia out of his own pocket for a long
time, and the amount of  cash we are talking about here is insignificant.
Statistically. There was  clearly a period of time where the line between
what was his money and  foundation money was fuzzy. Perhaps it could have
been less fuzzy, but I'm  pretty sure he incurred a net loss.


 
To be perfectly accurate:
 
1. There is absolutely no such thing as a fuzzy line between an  individual's 
money and the money of a not-for-profit. 
2. Jimmy made one donation, and one donation only, to the Foundation and  
that was in or around June 2003, when the Foundation was formed.It was  
approximately $2,500, deposited to open the first bank account. The exact amount  is 
easy to find, since it is the first recorded donation in the books.
 
Since Sue is a professional, I am sure that she knows all of this. This is  
simply to clarify your points regarding some mistaken assumptions.
 
Danny
 



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