[At-Large] Auction Proceeds - where we are and what you can help
evan at telly.org
Sun May 14 21:58:22 UTC 2017
On 14 May 2017 at 17:27, <bzs at 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.
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