WIKIMEDIA FOUNDATION, INC. 
Notes to Consolidated Financial Statements 
June 30, 2024 and 2023 
17 (Continued) 
(9) Liquidity and Availability of Financial Assets
The Foundation’s financial assets available for general expenditure within one  year of the balance sheet
date, June 30, 2024 and 2023, are as follows:
2024 2023
Cash and cash equivalents $ 82,845,159 75,808,401
Current contributions receivable 856,657 —
Short-term investments 116,074,763 132,216,667
Total financial assets 199,776,579 208,025,068
Less:
Restricted by donors for programs 5,696,323 5,882,673
Donations payable to Wikimedia Endowment 525,607 5,274,448
Financial assets available to meet cash needs for
general expenditures within one year $ 193,554,649 196,867,947
The Foundation’s liquidity management includes a policy of structuring its financial assets to be available to 
meet its general expenditures, liabilities, grant-making, and other obligations as they come due. Cash and 
cash equivalents as reported on the consolidated balance sheet at June 30, 2024 and 2023, are the 
primary liquid resources used by the Foundation to meet these obligations. Financial assets invested in the 
short-term and long-term investments can be liquidated at any time as needed. 
(10) Related Party Transactions
The Wikimedia Endowment began operations as a standalone tax-exempt 501(c)(3) organization on 
September 30, 2023, with the mission to act as a permanent fund that can support in perpetuity the 
operations and activities of current and future Wikimedia projects, which are projects that are approved by 
and advance the purposes of the Foundation or its successor if the Foundation ceases to exist. The 
Foundation does not have control or controlling financial interest in the Wikimedia Endowment and the 
Wikimedia Endowment has a separate Board of Directors, but the Wikimedia Endowment is considered a 
related party to the Foundation because Wikimedia Endowment management is also management at the 
Foundation.
During the fiscal year ended June 30, 2024, the Foundation recognized revenue of $2,063,195 related to 
services provided to the Wikimedia Endowment, primarily for fundraising and general and administrative 
support under the terms of a cost sharing agreement. These costs are included within the Foundation's 
expenses based on the nature of the cost. The revenue from the Wikimedia Endowment reimbursing the 
costs is recorded within other income, net.