WQ/2/finances

< WQ‎ | 2

+/- Daniel Mayer is the Chief Financial Officer. He is responsible for finances, with the oversight of Michael Davis. In particular, he is in charge of establishing our budget and balancing our books.

Donations and fundraising

Contributions from January through August, 2004, averaged 200 USD per day. A two-week fundraiser in September 2004 raised 60,000 USD, slightly more than the $50k goal. Around 10% of these contributions were made directly to the German chapter. These funds have sustained the project through the fall.

At the current rate of expenditure on bandwidth and machinery, that is enough to keep the site up and growing for four months. The next fundraising drive is planned to start early February 2005. An open meeting to discuss how else we could support the project's long-term growth is planned to take place before then.

The approved budget for Q4 2004 can be seen here: [1]. This budget proved generous; total expenses for the quarter have only come to a little over $50k, thanks, in part, to a few in-kind donations.

The next formal budget review, including a detailed breakdown of donations since the last fundraiser, will be available in January.

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