this post was submitted on 20 Jan 2021
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The real problem is this: https://en.wikipedia.org/wiki/User:Guy_Macon/Wikipedia_has_Cancer
Wow this is very interesting, in the first years they barely managed to spend 50% of their income, and even now its only 75%. So their net assets have gone up by double digit percentages every single year. I wonder which bank holds all that money.
I'm not one to be overly optimistic about using interesting and investment profits to fund stuff but when less than 6% of spending is used on the absolutely necessary then indeed that could be a good idea. Quite clearly it seems like they could even save up to have 10,20,30 years in the next couple of years. I had no idea they were spending so much money (a lot I'm sure justified) yet still that's pretty disgusting to donors imo. I will not be donating anytime soon for sure.