Sloan Foundation to Give Wikipedia $3M

Submitted by Blake on Wed, 03/26/2008 - 06:57

Good News For Wikipedia: The award, to come in $1 million installments over each of the next three years, will help the Wikimedia Foundation become more financially secure as it hires more staff and seeks to improve the quality and reach of Wikipedia content, foundation leaders said.

"We think it will pave the way towards more donations as it is a signal that a major foundation sees good in what we are doing," said Jimmy Wales, the project's leader and a board member of the Wikimedia Foundation. "And it should take away a lot of the questions people have had about whether we will need advertising to survive."