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Jimmy Wales

Wikipedia gets another source of cash for 15th birthday

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 a new endowment created for Wikipedia, whose website started Jan. 15, 2001, and is now overseen by the nonprofit Wikimedia Foundation in San Francisco.

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. Wikipedia won't begin drawing money from the endowment after it's fully funded.

Wikipedia still plans...

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