Wikipedia is still running as per normal. But this has caused a great deal of reputation so damage to the Board of Trustees of the Wikimedia Foundation. I think until everything comes out in the open, I'd be very leery about giving them any fundraising money.
It's not about small-time donors - Wikipedia solicits these only as a PR measure, the real money invariably comes in form of large grants, such as the Knight Foundation grant, and it's inevitably with strings attached. Think Obama's 2008 campaign.