It would be interesting to create WikiMedia as a co-op and transfer ownership to editors, staff, donors, on some basis. There would be a huge argument about that basis, for sure. But if anyone has the experience to manage an enormous argument, and then handle the mechanics of conducting votes across multi-million-people ownership groups, it's WikiMedia.
WikiMedia is different because it already has funds - you could reasonably offer donors an ownership share for their donation, and it wouldn't flood the voting.
It doesn't seem to be anywhere close to where they're heading, however, which is a shame.
gnome foundation voted for a new president in 2010s who then hired several directors "specialized in fund raising" for obscene salaries, and then 4yrs iirc left, and the foundation declared bankruptcy or something
most devs in the board kept blogging what was happening, in kinda of an oblivious way. so it's a good insight on how those things are sold and how they happen.
They never declared bankruptcy.