[governance] Issues about ISOC and the public interest registries.

[Ayden Férdeline]

I do not want to be the one coming to ISOC’s defence here, however the plan - of creating an endowment, and investing it wisely - is tried and tested enough to be able to sustain ISOC’s current annual spending patterns in perpetuity. I don’t believe the intention is to grow or shrink the organization. This is not to say I necessarily think that ISOC does enough good work to justify an endowment — just that as a financial strategy, I think it is sound.

Best wishes, Ayden Férdeline

On Mon, Dec 2, 2019 at 19:10, Imran Ahmed Shah <governance at lists.riseup.net> wrote:

> Dear Deirdre,
> Very valid and important questions you asked.
>
> ICANN Board (under the Chairmanship of Vent Cerf) accepted the higher bid of PIR/ISOC (founded by Vint Cert) giving a favor for steady income source. This one time income of $1.13b will be distributed and spend in very short time span, how the organization will be surviving after couple of years? Perhaps income generating through higher membership fee .....or otherwise, reducing its overall services and cutting down operational costs.
>
> Best Regards
>
> Imran Ahmed Shah.
>
> On Monday, 2 December 2019, 21:04:33 GMT+5, Deirdre Williams <governance at lists.riseup.net> wrote:
>
> Dear Colleagues,
> An issue that I haven't seen addressed is the issue of history and the reason why. Forgive me if it has been said already.
> In the beginning ISOC was endowed with the public interest registries
> a) to provide a steady income for ISOC to enable its work
> And b) to ensure access for the public interest.
> 1.3 billion dollars sounds like a lot of money now, but 5 years from now? And 1.3 billion is a finite amount - it will finish.
> In a way ISOC is a trustee holding an income producing asset. A trustee MIGHT consider selling such an asset to meet a very serious and urgent need on the part of its ward, or to invest in an alternative project better suited for revenue creation.
> My questions for ISOC would be:
> a) what is the urgent and serious need which forces the sale of this asset?
> b) absent that, what is the alternative project which will guarantee the continuance of ISOC's income?
> Best wishes
> Deirdre
>
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