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

[Alan Greenberg]

B Corporation is a non-government certification. Just means you are one of the "good guys", but could imply how they wish to be perceived.

Alan


From: Justine Chew <justine.chew at gmail.com>
Sent: November 13, 2019 10:04:24 PM EST
To: Alan Greenberg <alan.greenberg at mcgill.ca>
Cc: Maureen Hilyard <maureen.hilyard at gmail.com>, CPWG <cpwg at icann.org>
Subject: Re: [CPWG] [registration-issues-wg] Fwd: ISOC sells PIR

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
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On Thu, 14 Nov 2019 at 11:00, Alan Greenberg <alan.greenberg at mcgill.ca<mailto: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
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On Thu, 14 Nov 2019 at 10:21, Maureen Hilyard < maureen.hilyard at gmail.com<mailto: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<mailto: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<mailto: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><mailto:stephanie.perrin at MAIL.UTORONTO.CA>
Reply-To: Stephanie Perrin <stephanie.perrin at MAIL.UTORONTO.CA><mailto:stephanie.perrin at MAIL.UTORONTO.CA>
To: NCSG-DISCUSS at LISTSERV.SYR.EDU<mailto: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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