text: ***(n) Leases***
  
  Leases consist of a lease liability for the Foundation’s headquarters in San Francisco. The liability is 
  equal to the present value of lease payments, which are fixed. The present value is calculated using a 
  risk-free discount rate, determined using a period comparable with that of the lease term. The lease 
  term in accordance with ASC 842 does not include options to extend as it is not reasonably certain that 
  the option will be exercised. The Foundation determined during the year ended June 30, 2024 not to 
  renew the lease. 
  
  ***(o) Collaborative Arrangement***
  
  The Foundation has a collaborative arrangement with Wikimedia Deutschland to mutually develop the 
  Wikibase software to support the Wikidata project, which acts as central storage for the structured data 
  of its Wikimedia sister projects including Wikipedia, Wikivoyage, Wiktionary, Wikisource, and others. 
  Both the Foundation and Wikimedia Deutschland do work for the Wikidata project, and the Foundation 
  also grants Wikimedia Deutschland funding to support Wikimedia Deutschland's work in developing the 
  Wikibase software. Since the project is part of the Foundation's mission to make knowledge accessible 
  
  10  (Continued) 