[andai]

The point of the article, if I an reading it right, is that WMF was doing about as much good when it was spending 23x less. That means they could spend nearly twice as much as that and still live off interest.

[loeg]

The other point of the article is that WMF has zero willingness or ability to restrain its spending growth (demonstrated over a period of years), much less cut back by 23x.

[LegitShady]

That only makes their endowment funding wrong. He's collecting endownment while spending his as off