From their “about page”:
The point of the foundation is to ensure free access, in perpetuity, to the projects we support.
This certainly sounds good to me. The aim being that WordPress and similar projects will have support to survive far into the future and provide a stable platform for generations to come.
It’s a non-profit organisation and I guess it has similarity to the Mozilla Foundation which was formed to promote and support development of open innovation on the internet. The aim of the WordPress Foundation is to ensure that people will always have an open-source option for publishing content on the internet.
The moment we’ve all been waiting for: the WordPress Foundation is now public. As they say, slow cookin’ makes good eatin’.
Congrats to Matt and co, and I hope the foundation is a success.