No wonder they've upped the guilt tripping this year. Wikipedia has enough money right now to run Wikipedia forever but it keeps wasting it on useless stuff and feeling like it needs more. The WMF cannot fathom how to operate without continuous growing wastes of money, and without donations, Wikipedia would die within two years. We need to starve the beast so it learns to live frugally again.

Jimmy needs his third yacht, dangit!

ymolodtsov a day ago | parent | next [-]

Seems it'd be far more reasonable to direct the excess funds into an endowment of sorts instead of spending it on other areas.

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inigyou a day ago | parent [-]

If they did that they'd already have a big enough endowment to fund all of Wikimedia for life.

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akolbe a day ago | parent [-]

Well, Wikimedia does have an Endowment, currently valued at $169 million. See Form 990:

https://wikimediaendowment.org/wp-content/uploads/2026/05/20...

This is in addition to assets of around $300 million held by the Wikimedia Foundation. Form 990:

https://foundation.wikimedia.org/wiki/File:Wikimedia_Foundat...

For expenses breakdown see the most recent audited accounts:

https://foundation.wikimedia.org/w/index.php?title=File:Wiki...

	▲	ymolodtsov 8 hours ago \| parent [-]
		$169 million is not too big for an endowment, especially considering how much they had been raising AND spending in the years prior. Long-term it'd be best for Wikipedia if it was self-funded through this, like Harvard, for instance.

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neilk a day ago | parent | prev | next [-]

I don’t know if you’re joking or not but of course Wales doesn’t profit directly from this. And, as a non-profit, compensation of executives is public knowledge. I believe Board members get zero compensation other than reimbursement for travel expenses.

(Jimmy Wales did cash in on his reputation with some ads for luxury watches and idk what else he does for $).

Salaries at the WMF have absolutely exploded, though they started out very low given the location and the talent base they were competing for. You probably want the WMF to be a somewhat competitive employer, and Silicon Valley salaries are also through the roof across the board. So those $400K executive salaries are (grating my teeth) vaguely justifiable.

A volunteer-run page summarizes salary progression in key roles (up to 2024)

https://meta.wikimedia.org/wiki/Wikimedia_Foundation_salarie...

So you can be assured your money isn’t going to the executives’ bank accounts, not directly anyway. However, this is precisely why non-profit organizations tend to get bloated. The executives can’t get away with a million dollar salaries and not other goodies like stock grants. But you can justify staffing up, which benefits the careers of the executives.

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mahkeiro a day ago | parent | next [-]

What would justify Silicon Valley salary for an organization that can be based anywhere in the world? They are not doing advanced R&D, or product dev that would justify big numbers or a very specific set of skills.

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	▲	alephnerd a day ago \| parent \| prev [-]
		The same as any other organization - they would not be able to attract or afford the right talent. Also, these are not Silicon Valley numbers. Similar roles as those listed would pay 1.5-2x in the private sector here in the Bay. Even Wikipedia Foundation's European salaries [0] are well above market rate in the geos listed (Italy, Germany) [1][2]. > They are not doing advanced R&D, or product dev that would justify big numbers or a very specific set of skills Wikimedia's assets are some of the most heavily visited sites globally and are often a target for attacks (both nation state and independently led). It takes a nontrivial amount of effort to maintain a platform like Wikimedia's. [0] - https://www.levels.fyi/companies/wikimedia-foundation/salari... [1] - https://www.levels.fyi/t/software-engineer/locations/italy [2] - https://www.levels.fyi/t/software-engineer/locations/germany

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ethbr1 a day ago | parent | prev [-]

What's up with the continually revolving CTO chair? (under Executive)

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alephnerd a day ago | parent [-]

Look at their salaries. Most are earning significantly less than what they would have earned in the for-profit sector for the same role in a significantly more stressful job.

Compensation only started catching up in 2021-22 and even then is roughly comparable to what mid-career ICs now earn in the Bay, NYC, and Seattle.

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ethbr1 20 hours ago | parent [-]

Salary aside, I'd still have assumed Wikimedia would be able to find a CTO who wouldn't jump ship the next year.

Either they're really bad at picking, or the job is really bad.

	▲	alephnerd 19 hours ago \| parent [-]
		> Either they're really bad at picking, or the job is really bad Def the latter in the sense that it is a very high stress job with weak compensation and high risk of being targeted.

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PunchyHamster a day ago | parent | prev [-]

Feels like where Mozilla went

	▲	inigyou a day ago \| parent [-]
		Great analogy.