The Wikimedia Endowment has amassed $100 million in five years, half the time anticipated, and there has never been a single audited financial statement or Form 990 disclosure, because the money is stashed away with the completely opaque Tides Foundation:
The public has no way of knowing how much Tides is paid to host the fund (and the Wikimedia Foundation refuses to say when asked), nor is there any way of knowing whether and to whom any money from this fund has been paid out. Even if there is no abuse, this sort of set-up is so clearly vulnerable to abuse that one wonders why anyone would choose it.
Not only vulnerable - if you were going to siphon away money into your bank account, this is exactly how you'd set that up. This looks like it was designed to be abused.
https://en.wikipedia.org/wiki/Wikipedia:Wikipedia_Signpost/2...
The public has no way of knowing how much Tides is paid to host the fund (and the Wikimedia Foundation refuses to say when asked), nor is there any way of knowing whether and to whom any money from this fund has been paid out. Even if there is no abuse, this sort of set-up is so clearly vulnerable to abuse that one wonders why anyone would choose it.