On Mon, Feb 1, 2016 at 3:19 PM, C. Scott Ananian cananian@wikimedia.org wrote:
Sue explained to me that the goal was to have WMF's budget be roughly 50% grants and 50% user contributions to guard against unexpected fragility with either of these funding sources.
If that was the goal, it does not seem to have been reached. Even in the 2008-2009 financial year, when the budget was $6 million and the foundation received a million-dollar grant from the Stanton Foundation, restricted grants did not reach 20% of the budget. Since then, fundraising has grown enormously, so that the Knight Foundation grant comes to less than 1% of what fundraising produces. Are we sure that it won't consume more than 1% of our organizational attention?
In any event, isn't this the whole point of having an endowment?