On 14 January 2016 at 18:41, Lisa Gruwell lgruwell@wikimedia.org wrote:
The Wikimedia Endowment has been established as a Collective Action Fund at Tides Foundation https://www.tides.org/ as a permanent, income-generating fund to support the Wikimedia projects. Tides has over 40 years of experience administering funds for nonprofits and helping to launch such efforts. They often serve as fiscal sponsors for organizations when they are first starting out and will be providing administrative support to the Wikimedia Endowment. The endowment will be independent from WMF but an Advisory Board, nominated by the WMF and appointed by Tides, will make recommendations to Tides related to the endowment. We have the option in the future to transfer the endowment out of Tides to the WMF or to a new charitable entity. The endowment will continue to be a permanent, income-generating fund to support the Wikimedia projects under any entity. For now, we feel Tides is a great, cost effective place to start and we will look at other options when the endowment reaches critical mass.
Heh I remember those guys. Their fees were one of the costs that caused Citizendium so much trouble (not that Citizendium didn't have a bunch of other issues). Ah 2007. Fun times.