On 14 May 2017 at 17:27, <bzs@theworld.com> wrote:

That said I would agree that there is a tendency when running any
​ ​
business that "excess" cash tends to get allocated one way or another
​ ​
barring an iron-willed commitment otherwise which is not what I'd
​ ​
expect of an organization structured like ICANN.

​I don't know about that.

I've been involved with some nonprofits that believe it imperative to, as possible, maintain a reserve fund to deal with unintended or unanticipated circumstances. The amount of this reserve may be capped by taxation authorities who don't want it too high, but having a substantial fund to guard against liability, especially in uncharted territory such as ICANN's, is certainly prudent.

​- Evan
​