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1. mschus+(OP)[view] [source] 2022-10-12 10:25:43
Looks like dealing with IRS bureaucracy is the reason why the endowment is not a separate legal entity yet [1].

[1] https://meta.wikimedia.org/wiki/Wikimedia_Endowment/Updates/...

replies(1): >>akolbe+m
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2. akolbe+m[view] [source] 2022-10-12 10:29:17
>>mschus+(OP)
Correct, the application is pending. However, the application was made years later than originally promised. Over the past six-and-a-half years, the endowment has accumulated over $100 million, with not a single audited financial statement ever published.
replies(1): >>mschus+J2
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3. mschus+J2[view] [source] [discussion] 2022-10-12 10:50:38
>>akolbe+m
Is that necessary (or even legally possible) as long as Tides itself passes its financial audits and files appropriate documentation?

(Note, I don't have any stakes in that debate, besides occasionally uploading drone photography to Commons)

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