Interesting rant I found (Formatted for less wall-o-text-ness): 

(a comment at http://www.motherboard.tv/2010/11/17/how-effective-is-jimmy-wales-creepy-plea-for-wikipedia-money)

I wonder when the news media will figure out that the Wikimedia Foundation spends on program services only 41 cents of every dollar they scam from donors, which earns them ONE STAR (out of four!) from Charity Navigator in organizational efficiency.

I also wonder why the news media never thought to cover the 2009 story of how the Wikimedia Foundation needed extra office space, and as if by magic, they hand-picked Jimmy Wales’ for-profit corporation to be their landlord, THEN obtained competitive bids, THEN asked Wales’ for-profit company to match the average of the competitive bids.

I too wonder why the media don’t seem to care that the 2010 market research study of past Wikimedia Foundation donors was awarded to the former employer of the WMF staffer — Philippe Beaudette, mentioned above — who was running the project, without any competitive bidding whatsoever. And when the Executive Director of the Wikimedia Foundation was asked how much the project cost, the guy asking the question was banned from the online discussion. Where are you, investigative journalism?

The thing is, the Wikimedia projects don’t need $16 million or $20 million. At most it needs $2 million, maybe $3 million, to actually keep up the servers that run the site and to provide bandwidth for fast access for all. The rest of the money they’re trying to coax out of people will be spent on programs of at best dubious merit, with the remainder being stuffed into a bank savings account. None of that money, above the cost of keeping the servers running, will likely be used to improve the content of any of the projects, and certainly none of it for the English Wikipedia (which the Foundation refuses to have anything to do with, for Section 230 reasons).

The Foundation, beyond hosting Wikipedia, has nothing to do with creating it or with its content — that responsibility rests with unpaid volunteers. There is no avenue that allows for any of the money donated to Wikimedia to ever reach any the people who write for Wikipedia. There are far better charities out there that actually provide real, tangible help to people who really need it. Donate to one of them instead this year, please.

Guess it would hurt the reputation of wikipedia...  Corporations investing money for ads while their is also bad news on wikipedia about them...

Well honestly the usual reason related to that which people cite for not having ads is that the ad-makers can pressure the site directly or indirectly (for instance, even if they never say anything the writers may fear losing business). 

But that is a total non-issue for Wikipedia with its hordes of people (who do not depend on or indeed receive any money from those ads) doing all the editing. 

You guys do know they hire real editors and crap behind the scenes right? They need the money to pay for the next year and hire like 3 more people with pay.

Yes and no..I was not clear;..But for example if VGCHARTZ has any ad of an exclusive X360 game it is just another excuse for some to call the VG numbers totally wrong;. 'The X360 numbers are wrong on VGC but what do you expect with that big Halo 3 ad on their site' ....

and the same will said about wikipedia from the wikipedia(haters) ..

@ ssj:  Fine:  almost all.