Comment by RupertSalt
1 day ago
If the WMF had a dollar for every proposal to spend Endowment-derived funds, their Endowment would double and they could hire one additional grant-writer
1 day ago
If the WMF had a dollar for every proposal to spend Endowment-derived funds, their Endowment would double and they could hire one additional grant-writer
Do you have experience with this? I'd like to hear more, really. I think this is the first time I've seen a suggestion for something new they can spend money on. I usually just see talk about where to spend less.
If the endowment is invested so that it brings very conservative 3% a year, it means that it brings $4.32M a year. By doubling that, rather many grant writers could be hired.
Well the last annual report I could find actually says that they got a return of 17.65% so 3% would be pretty bad
https://wikimediaendowment.org/annualreports/2023-2024-annua...
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