Earlier quoted context omitted.
Over the long term of many years you're /lucky/ if a stable very-low-risk investment can net ~3% when accounting for inflation. Thus $250M could maybe net you roughly $7.5M/year. Exactly how many network links, servers, and engineering staff do you think that buys? It's way under what it operates on today, which is way under what it ideally should be for site like Wikipedia. And that's /just/ the operational engineer…
What are you talking about? The AVERAGE CD right now is 5%. My local CU is almost 6%. US bonds are currently ~4.5% - if you consider those unstable, I guess the US economy isn't stable - and if the US economy crashes, wikipedia will be the least of their or our worries. Wikimedia's expenses are almost ENTIRELY going to staff. Their balance sheet for 2023 included $101m in expenses for salaries and benefits out of a t…
Its kind of unclear what this includes. Computer equipment is a separate line, and wikimedia owns its own servers, so presumably that is separate from server costs. You don't have to buy new servers every year so some servers might simply have been purchased in other years, although maybe that gets ammortized, i dont know.
Additionally when you host your own servers you need staff to operate them. When using something like AWS, this would be part of your AWS fees, but if you operate your own servers then you have to pay that part separately. Its probably cheaper overall in the end when you are wikipedia scale, but the costs break down differently.