[CPWG] [registration-issues-wg] Fwd: ISOC sells PIR

[Justine Chew]

If they did want to, they would have to incorporate as such; I understand B
Corporation status does not afford tax benefits enjoyed by non-profits with
IRS 501(c) classification.

Justine
-----


On Thu, 14 Nov 2019 at 11:00, Alan Greenberg <alan.greenberg at mcgill.ca>
wrote:

> I agree that they are not likely to operate as a non-profit, but I presume
> they could if they really wanted to.
>
> Note also the reference to B Corporation status (
> https://bcorporation.net/)
>
> Alan
>
> At 13/11/2019 09:32 PM, Justine Chew wrote:
>
> It is an outright sale of an asset, the proceeds of which go toward "an
> endowment fund" for ISOC projects/activities. No revenue sharing is
> involved.
>
> The announcement indicated that all projects and operations will continue
> as is under new ownership. With its policy on public/community benefit
> presumably driven and overseen by Ethos Capital's Stewardship Council - I
> wonder who they will put on this Council.
>
> PIR under Ethos Capital will lose its non-for-profit status, so there
> might be financial implication not to ISOC but possibly PIR's existing .org
> customers/registrants.
>
> We shall see.
>
> Justine
> -----
>
>
> On Thu, 14 Nov 2019 at 10:21, Maureen Hilyard < maureen.hilyard at gmail.com>
> wrote:
> As Eduardo said there are lots of unknowns at present. Who knows?
>
> On Wed, 13 Nov 2019, 3:02 PM Alan Greenberg, <alan.greenberg at mcgill.ca >
> wrote:
> Why will it have major implications on ISOC Chapters?
>
> Alan
>
> At 13/11/2019 02:52 PM, Maureen Hilyard wrote:
>
> I know for sure that this was not even hinted at during the last PIR
> Advisory Council meeting.. but it will have major implications for the ISOC
> chapters. What are they/ISOC thinking?
>
> Maureen
>
> On Wed, Nov 13, 2019 at 7:59 AM Marita Moll <mmoll at ca.inter.net> wrote: Had
> we known this was lurking in the background -- which it most certainly was
> at the time -- it might have been a different discussion. How much did ISOC
> know and when did they know it -- a question ISOC chapters might want to
> ask.
>
> Marita -------- Forwarded Message -------- Subject: ISOC sells PIR Date:
> Wed, 13 Nov 2019 17:38:29 +0000 From: Stephanie Perrin
> <stephanie.perrin at MAIL.UTORONTO.CA> <stephanie.perrin at MAIL.UTORONTO.CA> Reply-To:
> Stephanie Perrin <stephanie.perrin at MAIL.UTORONTO.CA>
> <stephanie.perrin at MAIL.UTORONTO.CA> To: NCSG-DISCUSS at LISTSERV.SYR.EDU
>
>  I must say, this casts the decision to drop price caps for .org in a
> slightly different light.  I will keep you posted as I learn more.
>
>
>
> https://www.businesswire.com/news/home/20191113005661/en/Ethos-Capital-Acquire-Public-Interest-Registry-Internet
>
> Stephanie Perrin
> NCSG Chair
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