[Wikimedia-l] deliberately lowered fundraising growth rate (was: Fundraising updates?)

[Nathan]

I think raising a lot more money because its possible to raise a lot more
money is a for-profit mentality; the WMF has been actually narrowing its
scope, in the understanding that it can't solve all problems or be all
things, and it makes a lot of sense to me to raise only what it already
knows can be spent on core, planned activity. To David's point, I do
believe that it's financially responsible to have a cushion (i.e. a reserve
or endowment) - and if the WMF decided to establish a true endowment, and
fund-raise for that, you wouldn't hear an objection from me. But otherwise,
it would be wrong to raise money purely based on the amount you thought you
could raise and without regard to what you plan to responsibly spend.

Nathan