Wikipedia gets another source of cash for 15th birthday

Jan 14, 2016 2:30 PM by News Staff

SAN FRANCISCO (AP) - Wikipedia is getting another source of cash for its 15th birthday, expanding beyond fundraising drives that have already poured $250 million into the Internet's leading encyclopedia.

The additional money will come from an endowment created for Wikipedia. The Wikimedia Endowment will start with less than $1 million donated by the estate of Jim Pacha, a software engineer who died in 2014, and then build toward a goal of accumulating $100 million by 2026.

The website started Jan. 15, 2001 and is now overseen by the nonprofit Wikimedia Foundation in San Francisco.

All the fundraising has spurred criticism that the foundation is trying to bring in more money than it needs.

Wikimedia says its runs a lean operation compared the owners of other popular websites.

Copyright 2016 The Associated Press. All rights reserved.


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