I'm not in accounting, but my guess is that this involves Paypal processing fees for the fundraiser...
pb ___________________ Philippe Beaudette Director, Community Advocacy Wikimedia Foundation, Inc. 415-839-6885, x 6643 phili...@wikimedia.org On Sat, Mar 10, 2012 at 9:38 PM, En Pine <deyntest...@hotmail.com> wrote: > > I notice that the financial report at > https://meta.wikimedia.org/wiki/Wikimedia_Highlights,_February_2012 says > something about “higher bank fees ($42K)”. Has anyone taken a hard look at > these fees to see if WMF could organize its utilization of bank services in > such a way that it can lower this expense, including the possibility of > moving the WMF’s bank account(s) to one or more different financial > institutions? $42k seems like a very large amount of money for a nonprofit > such as WMF to spend on bank fees in a single month. I can speculate that > the definition of bank fee might include things like currency conversion > fees, but even so, $42k seems like a lot. > > Pine > _______________________________________________ > foundation-l mailing list > foundation-l@lists.wikimedia.org > Unsubscribe: https://lists.wikimedia.org/mailman/listinfo/foundation-l > _______________________________________________ foundation-l mailing list foundation-l@lists.wikimedia.org Unsubscribe: https://lists.wikimedia.org/mailman/listinfo/foundation-l
