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Question by Kohs Knows: Where did the million come from?
The Wikimedia Foundation announced that they got a $ two million boondoggle grant from Google. They claim it came via the “Google Inc. Charitable Giving Fund of Tides Foundation”. What is that? Is that a legal entity? If not, is not it technically much more right to say that the Wikimedia Foundation received the grant from the Tides Foundation?
Press release of the scam:
http://wikimediafoundation.org/wiki/Press_releases/Wikimedia_Foundation_announces_$ 2_million_grant_from_Google
Finest answer:
Answer by NerdTV
Why would it be a scam? Lolz, Google has BILLIONS of dollars, $ two million is pocket adjust for them.
What do you think? Answer beneath!
Comments are closed.
GrimJack Apr 12 2012 - 10:23 pm
Apparently, Google donates money to charitable causes, both through Google.org and through a fund at the Tides Foundation. The Tides Foundation is a public charity, so donations are tax deductible, and a donor-advised fund provides some tax and organization advantages that wouldn’t otherwise be efficient when a foundation donates directly to a cause.
If Google and/or the Tides Foundation want to give money to Wikimedia, that’s their business. Since they’re giving such a large sum of money away, I think they would have done their due diligence on whether Wikimedia meets their standards as a recipient. You may think it’s a boondoggle and a scam, but anyone writing a check for $ 2 million is going to make sure they’re writing it to a good cause.
EDIT: Who the hell is giving me all the thumbs-down answers? I gave a legitimate answer to this question and even explained what a donor-advised fund it. I swear, this section has been completely overrun by trolls who have had bad experiences with Wikipedia and want to make sure only bad answers survive.
Moses Apr 12 2012 - 11:05 pm
The question of where the money originally comes from is much more interesting than whether it was “Google” or the “Tides Foundation” that actually granted Wikipedia the money.
Google makes its fortune by selling AdWords and “strategic positioning” to various companies engaged in internet marketing. In cases where those companies’ marketing costs increase because of this, those increased costs are passed on to consumers like you and me, in the form of higher prices. But in cases where marketing costs are actually reduced, it’s a proven fact that the cost savings, and the higher profits that result, do not lead to lower prices for consumers.
Another factor is the “opportunity cost” for local communities, and reduced revenue for local media outlets, that result from the centralization of online media. Granted, there are other ways to advertise on the internet that have nothing to do with Google, but whatever money companies spend on AdWords is money they might conceivably have spent on smaller, and perhaps even locally-owned, media.
Nevertheless, once the money is in Google’s hands, it’s theirs to waste as they choose. Giving money to Wikipedia is a sound business decision, at least for them: It helps maintain a high degree of centralization for online information resources, along with the existing symbiotic relationship between Google and Wikipedia, without providing any benefit for Google’s for-profit competitors. It doesn’t actually help anyone who’s genuinely in need of help, but Google is a business, and has never really been interested in actually helping people.
Jake Ham is in love once again Apr 12 2012 - 11:52 pm
google has directly funded communism