I noticed that transfer companies usually charge fixed amount for each transaction, so donating $1 can easily incur 30%+ fee.
So I would like to find a rule of thumb to minimize the fees yet cover all projects I like
Any tips?
Wikipedia is a very profitable company. They don’t need as many donations as the make it seem.
Their higher-ups all earn exorbitant salaries
https://meta.m.wikimedia.org/wiki/Wikimedia_Foundation_salaries
Wow that’s obscene, especially the steep rise over the years. I’ll stop donating to them.
Do you have a source to back this? Not to say I don’t believe you but I am legitimately curious
Go to wikimedia foundation’s page, the ‘about’ menu has a link to the financials.
Mid 2022 they had $239M in assets, up from $231M the year before.
I disagree with the use of the term “profitable” because it’s a non-profit and so donations aren’t going to investors or anything. Wikimedia is very transparent and efficient with donations according to Charity Navigator. That said, they do take in more in donations every year than they pay in expenses. See the financial reports they make public.
That is a 8 year old article, plus they are a democratic organisation where the board of director is elected by the editors, If they think they need the money to be the best wikipedia they can be i will take their word instead of some website owned by Jeff Bezos (And if i am reading wikipedia articles and learning, I am not wasting money and resources on amazon).
Liberapay, 12$/year to any open source project I use. It isn’t much, but its what I can afford.
Pick 4 NGOs per year. Donate 10% of income at the end of the year to them evenly.
Next year pick another 4 NGOs that you think did great work that year.
