[Foundation-l] [Announcement] Sloan awards Wikimedia USD 1m annually for three years

[phoebe ayers]

On Tue, Mar 25, 2008 at 10:20 AM, Sue Gardner <sgardner at wikimedia.org> wrote:
> Hi folks,
>
>  I'm delighted to tell you that yesterday, the Alfred P. Sloan Foundation board of directors voted to award the Wikimedia Foundation USD 1 million annually for the coming three years. A total of USD 3 million, spread over three years.
>
>  This is what Sloan characterizes as "institutional funding" - meaning, a form of grant designed to help us work towards our general goals – in our case, financial and operational sustainability, increasing quality, increasing and broadening participation, and distributing our material beyond the wiki environment. As you know, we've recently expanded the staff from 10 to 15, and we still have a few more positions to fill: this funding will offset those increased costs.

This is fantastic, congratulations to all. Perhaps this can provide
the needed operational cushion to also start fundraising for an
endowment that will support us for years to come.

-- Phoebe