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- Wikipedia is a free website that relies on donations to run its operations and pay its staff12. However, some people have questioned whether Wikipedia really needs money, as it has a large amount of assets and volunteers3. Wikipedia's annual plan for 2021-2022 shows that it plans to spend $150 million, including $15.6 million for grants to grow the community and content4.Learn more:✕This summary was generated using AI based on multiple online sources. To view the original source information, use the "Learn more" links.The reason why they ask for donations is because running Wikipedia is a tall order. As of 2020, the site reportedly has some 450 employees and contract workers. Many of the folks who work at Wikipedia began their tenure as consistent and reputable contributors, dedicated to fact-checking and ensuring articles on the site were properly cited.www.distractify.com/p/why-does-wikipedia-need-m…Although Wikipedia is a free website, all of the content on it is collated, managed and edited by a group of volunteers around the world. There is substantial capital that is required to run the website operations, and that is why it is seeking monetary help.www.thequint.com/tech-and-auto/tech-news/free-fo…But Wikipedia's spending habits have raised questions on whether the company actually needs money. Between 2018 and 2019, the company raised $28,653,256 increasing its total assets to $165,641,425. However, since the labor performed by the company is largely carried out by volunteers, where does the donated money actually go?marketrealist.com/p/why-does-wikipedia-need-mon…The Wikimedia Foundation's 2021-2022 Annual Plan clarifies that the total operating budget calls for $150 million in spending, including $15.6 million in spending allocated for grants. This is a significant increase in grants spent in growing the community and content, although it doesn't state the exact places that this money is spent.www.makeuseof.com/tag/wikipedia-millions-bank-b…
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What's going on with Wikipedia asking for donations and ... - Reddit
WEBANSWER: This is not suddenly happening. Wikipedia has been doing donation drives like this for many years. This may just be the first time you have seen them. The issue is that …
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See results only from reddit.comDoes Wikipedia really, genui…
Your money will not pay for any staff or outside experts tasked with checking …
Does Wikipedia Need Mone…
Does Wikipedia Need Money? I keep getting little banners and notifications …
Wikipedia Has Millions in the Bank–Why Beg for More? - MUO
- Like any website, Wikipedia has server costs, administration costs, staff costs, and more. For a website the size of Wikipedia, these costs are tremendous. According to Statista, it claimed over 5.5 unique visitors and over 40 billion page views every month throughout 2021. In 2014, Wales calculatedthat raising $48 million over the course of the ye...
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- Published: Dec 19, 2014
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Wikipedia has a ton of money. So why is it begging …
WEBDec 5, 2015 · On Dec. 3, 2014 — the single biggest day of last year’s fundraising campaign — the foundation pocketed enough money to power Wikipedia’s servers for 66 straight weeks. This sort of financial...
The great Wikipedia fundraising controversy. - Slate …
WEBDec 2, 2022 · In recent years, Wikipedia has been attacked by authoritarian regimes and powerful billionaires—people who do not necessarily benefit from the free flow of neutral information.
Why does Wikipedia need donations despite its …
WEBOct 3, 2023 · Why does Wikipedia need donations despite its massive popularity? A recent spate of donation appeals from Wikipedia, directed at its Indian users, has raised questions on its need for funds. Source: …
How Much Money Does Wikipedia Need To Run?
WEBDec 10, 2021 · Wikipedia has been able to create revenue from merchandise sales, investments, and donations. The company that houses Wikipedia is the Wikimedia Foundation, a 501(c)(3) nonprofit public charity.
Does Wikipedia really, genuinely need donations?
WEBYour money will not pay for any staff or outside experts tasked with checking and improving Wikipedia content. Out of the 215 employees of the Wikimedia Foundation, not a single …
Wikipedia is loaded, so why’s it asking for donations?
WEBJun 1, 2021 · Rather than needing cash to keep Wikipedia online and independent, Kolbe suggests the WMF wants to further boost its vast savings and fund a range of new projects.
Wikipedia Endowment: Is Wikipedia Going Broke?
WEBMay 24, 2021 · Wikipedia has never been at risk of going offline, needing advertisements, or losing its independence. Every year the WMF has taken more money than the year before, and expanded its staff.
Wikipedia is booming—so why is it still asking you for …
WEBDec 5, 2014 · The encyclopedia is in rude health, with $27.9 million in cash and another $23.3 in investments, according to the most recent financial statements, up almost $13 million in assets compared to a...
Why Does 'Wikipedia' Ask for Money? Here's What …
WEBJul 8, 2020 · According to the 2019 financial report published by the charity behind Wikipedia, the Wikimedia Foundation, about 32 percent of the annual financial gains went toward providing more learning and …
Wikipedia is Rolling in Wealth. Then Why Does It Keep Asking
WEBAug 9, 2020 · Why does Wikipedia need so much money anyway? It doesn’t. How much money would a company need, if it’s solely an online website where the major work is …
Explained: Why is Wikipedia seeking donations from its users?
WEBAug 9, 2020 · Does Wikipedia really need donations from its readers? When the banners requesting donations began to pop up on computer and smartphone screens, some …
Why Does Wikipedia Need So Much Money? - Distractify
WEBAug 1, 2022 · The nonprofit Wikimedia foundation oversees operations for the popular online encyclopedia, and its assets have been looking pretty good throughout the years. …
Wikipedia Is Finally Asking Big Tech to Pay Up - WIRED
WEBMar 16, 2021 · Now Wikipedia is seeking to rebalance its relationships with Google and other big tech firms like Amazon, Facebook, and Apple, whose platforms and virtual …
Explainer: Wikipedia is rolling in money, so why does it need …
WEBAug 23, 2023 · The truth. According to freelance journalist Andreas Kolbe, as cited in a Daily Dot report published in 2021, Wikimedia Foundation (WMF), which owns Wikipedia …
Wikimedia Foundation reaches $100 million Endowment goal as …
WEBSep 22, 2021 · The move will help solidify the independence of the Wikimedia Endowment, allowing its management and investments to be aligned directly to the needs of the …
Wikipedia:Fundraising statistics - Wikipedia
WEBFundraising statistics. Data taken from Wikimedia Foundation Independent Auditors' Reports (section "Statements of Activities"), as linked in the table. Note that "net assets" …
Five reasons Wikipedia needs your support - Wikimedia Foundation
WEBNov 30, 2021 · We continue to rely on this generosity as the need for accurate, neutral information, created in the public interest becomes ever-more acute. Here are five …
Does Wikipedia Need Money? : r/wikipedia - Reddit
WEBDoes Wikipedia Need Money? I keep getting little banners and notifications from Wikipedia asking me to donate money. I have researched this and found many sources saying I …
Why donate to Wikipedia? - Wikimedia Foundation
WEBOct 8, 2021 · At the Wikimedia Foundation, your generous donations help us maintain our independence, serve our diverse and global community, and––unlike many other major …
Chart: The Numbers Behind Wikipedia's Fundraising | Statista
WEBNov 28, 2016 · And with considerable success: Between July 1, 2015 and June 30, 2016, Wikipedia received $77.8 million in donations and contributions, up from just $2.2 …
Fundraising/2020-21 Report - Meta - Wikimedia
WEBJan 15, 2023 · The average donation amount is around $15 USD [5], and over half of donations are less than $10 USD. Supporting Wikipedia remains an accessible choice …
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