$6.2 Million: Wikipedia Reaches Fundraising Goal for 2008

The Wikimedia Foundation, the non-profit organization behind the immensely popular Wikipedia online encyclopedia, just announced that it has reached its fundraising goal for 2008, which will allow the foundation to cover its operating expenses for the current fiscal year, ending June 30, 2009. Overall, a total of 125,000 donors gave over $6.2 million during 2008, though in December alone, after a personal appeal from Wikipedia founder Jimmy Wales, 50,000 individuals contributed more than $2 million.
According to Jimmy Wales, these donations will be used to pay for the day-to-day operations of the Wikimedia Foundation, including the costs of hosting and bandwidth, as well as the salary of its small staff of only 23 people. The Wikimedia foundation will also use these funds to support outreach events like the Wikipedia Academies and to help its volunteer community.
No Advertising
The Wikimedia Foundation has always declined to run advertising on its pages. Given that it is one of the most popular destinations on the Internet, it could surely make more than $6.2 million in revenue every year, but the organization, and Jimmy Wales in particular, have always vehemently rejected this idea in favor of direct donations from users.

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