Wikipedia is ringing in the New Year with their targeted collection of $16 million in donations this holiday season.

The founder of Wikipedia, Jimmy Wales posted today that the fundraiser was the most successful in the history of the nonprofit Wikimedia Foundation

This year is a little more incredible than most because this year we celebrate Wikipedia's tenth anniversary, Wales wrote. It's so important that we kick the year off just like this: by fully funding the Wikimedia Foundation's budget to support Wikipedia and all the sister projects as we head into the next decade of our work together.

According to Wales ,the foundation and its ad-free sites got more than 500,000 donations, nearly 130,000 donations to local Wikimedia chapters worldwide, two of the largest fundraising days in Wikipedia history, and an average donation size of about $22.
This fundraiser had all the ingredients of what we love about Wikimedia projects: people come together, contribute what they have, and together we do something amazing, Wales wrote.

Wikipedia has put out its budget needs out there on the net for anyone to go through and contribute. Just check strategic plans for 2011 (PDF) on the site .

The contribution campaign was started around November 13, 2010. According to the banner that appears on the site, till December 31 the site had collected nearly $15 million, although a tweet by the foundation said they were still $2 million short.

Hence indeed , the last two days for the site must have be the most lucrative in terms of donations and as Wales has put in It is still not too late to pitch in.
Wikipedia netted around $6 million in 2009.