+1. I feel this hydra keeps coming back.
On Jul 25, 2019, at 1:35 AM, John Levine <johnl@taugh.com> wrote:
Mechanism B: I presume the phrase "established at a public charity" should be "established as a public charity". I do not understand why the issue of tax benefits is being raised as in our case all of the money is coming form ICANN which does not pay any taxes. So it SOUNDS like a benefit but is in fact meaningless in our case. It should be made clear that at this point, it is not clear what parts would be outsourced and what will be kept within ICANN (except the application evaluation which must be outsourced).
I believe that this is supposed to say that ICANN establishes a captive foundation as a subsidiary.
Having done exactly that at ISOC, I can say that for the CCWG's purposes, giving away a one-time pile of money, this mechanism is inferior in every way to mechanism A. It costs more, takes longer, has a lot more bureaucratic overhead, and can do no more or no less than mechanism A. As Alan notes, it has no tax benefits. It is a waste of everyone's time to pursue it further.
If anyone has a concrete reason why they believe this would be a good idea, and is reasonably familiar with US non-profit tax law so they understand what's involved, I would like to hear about it.
R's, John
PS: ISOC's situation is quite different and it makes sense for us. If anyone wants details write me privately. _______________________________________________ Ccwg-auctionproceeds mailing list Ccwg-auctionproceeds@icann.org https://mm.icann.org/mailman/listinfo/ccwg-auctionproceeds _______________________________________________ By submitting your personal data, you consent to the processing of your personal data for purposes of subscribing to this mailing list accordance with the ICANN Privacy Policy (https://www.icann.org/privacy/policy) and the website Terms of Service (https://www.icann.org/privacy/tos). You can visit the Mailman link above to change your membership status or configuration, including unsubscribing, setting digest-style delivery or disabling delivery altogether (e.g., for a vacation), and so on.