Though in fact, the real surplus was nearly $90 million, because in addition, their Endowment, held at the Tides Foundation (and therefore not included in Wikimedia Foundation assets) increased from $62.9 million:
Note also that each year the Wikimedia Foundation pays at least $5 million into its Endowment. These payments are included in the Foundation's expenses:
I'm definitely going to stop giving any money to wikimedia as a result of their on-screen fund drives. And I actually support that expenditure to fund that "Knolwedge Equity Fund", and don't find anything unethical about wikimedia supporting such a fund with a small portion of their budget, especially when they have extra. (I think it would be appropriate to send some to the Internet Archive too). But they clearly don't need my money.
https://foundation.wikimedia.org/w/index.php?title=File%3AWi...
Though in fact, the real surplus was nearly $90 million, because in addition, their Endowment, held at the Tides Foundation (and therefore not included in Wikimedia Foundation assets) increased from $62.9 million:
https://meta.wikimedia.org/w/index.php?title=Wikimedia_Endow...
to over $100 million:
https://meta.wikimedia.org/w/index.php?title=Wikimedia_Endow...
in the same year.
Note also that each year the Wikimedia Foundation pays at least $5 million into its Endowment. These payments are included in the Foundation's expenses:
https://www.dailydot.com/debug/wikipedia-endownemnt-fundrais...