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

[Geoffrey Plourde]

My estimate was figurative, not literal. It is meant to show that thinking for the future is what we should be doing.


----- Original Message ----
From: Thomas Dalton <thomas.dalton at gmail.com>
To: Wikimedia Foundation Mailing List <foundation-l at lists.wikimedia.org>
Sent: Wednesday, March 26, 2008 2:01:41 PM
Subject: Re: [Foundation-l] [Announcement] Sloan awards Wikimedia USD 1m annually for three years

On 26/03/2008, Geoffrey Plourde <geo.plrd at yahoo.com> wrote:
> Yes, saving for the future is wise, even if it is just $100 a month.

I'm not sure $100/month is going to cut it... it might help for
building up a contingency fund (slowly), but not an endowment. For an
endowment you need enough so that you get enough interest that you can
get by without having to touch the capital - that requires quite a
large sum.

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