WIKIMEDIA FOUNDATION, INC. 
Notes to Consolidated Financial Statements 
June 30, 2024 and 2023 
 12 (Continued) 
(3) Fair Value of Investments 
The following tables present the fair value of investments based on hierarchical level as of June 30, 2024 
and 2023: 
Fair value measurements at
reporting date using
Quoted prices Significant
in active other
markets for observable
identical assets inputs
(Level 1) (Level 2) June 30, 2024
Short-term investments:
Corporate bonds $ —  66,776,386  66,776,386  
Mortgage-backed securities —  5,561,381  5,561,381  
U.S. Treasury securities —  43,736,995  43,736,995  
Total $ —  116,074,762  116,074,762  
Long-term investments:
Corporate bonds $ —  14,854,407  14,854,407  
Stocks 42,009,652  —  42,009,652  
Mortgage-backed securities —  5,213,826  5,213,826  
U.S. Treasury securities —  5,213,339  5,213,339  
Total $ 42,009,652  25,281,572  67,291,224