Earlier, when the sum was more modest I and others suggested that it should be placed in an endowment for continuous use over time, and not be treated as a one opportunity windfall. An endowment with a charter, a terms-of-reference, and an independent funding committee bound by the charter and terms of reference could produce good long term results. There was not much support for the idea at that time. Too many hands that want to dip into the pot now, that seems to be the challenge.

Sam L, NPOC/CSIH

On 2016-07-31 4:27 AM, Michael Oghia wrote:
[log in to unmask]" type="cite">
"Given how much money is at stake, that these proceeds are set to increase further (with the auctions for .hotel, .inc, .mail., .llc etc), and how transformative these funds could be if suitably allocated, I think we should be highly involved in this process so that its allocation is more community-driven."

+10!

-Michael
__________________

Michael J. Oghia
iGmena communications manager
Independent #netgov consultant & editor

Istanbul, Turkey
Skype: mikeoghia

On Fri, Jul 29, 2016 at 11:59 PM, Ayden Férdeline <[log in to unmask]> wrote:
Regardless of what the auction fee might have been, my point was more that we are now sitting on a quarter of a billion dollars, and I distinctly remember in Helsinki the GAC floating the possibility of this money being used to fund their independent secretariat. That's certainly a very understandable objective, from their perspective. 
​
I'm curious as to what the New gTLD Auction Proceeds Drafting Team is up to, and how their work differs from that of the Cross-Community Working Group on New gTLD Auction Proceeds Drafting Team (is it superseding the former?). When I looked at the membership for the former, I see there are 18 community members and 16 staff on the working group. That seems a little disproportionate to me. 

Given how much money is at stake, that these proceeds are set to increase further (with the auctions for .hotel, .inc, .mail., .llc etc), and how transformative these funds could be if suitably allocated, I think we should be highly involved in this process so that its allocation is more community-driven. I'm happy to put my hand up and to volunteer here. I have no doubt that there's a piece of the puzzle that I'm missing (is WG membership restricted?), as I will be the first to admit I am new to this community, so if I am mistaken and these funds are in safe hands... let me know. But if we are stretched and not as involved in monitoring the progress of these working groups as we may like to be, please let me know how I can help. Thanks!

- Ayden



On Fri, Jul 29, 2016 3:02 PM, James Gannon [log in to unmask] wrote:
Power Auctions gets 4% I believe.

From: NCSG-Discuss <[log in to unmask]> on behalf of Ayden Férdeline <[log in to unmask]>
Reply-To: Ayden Férdeline <[log in to unmask]>
Date: Friday 29 July 2016 at 06:45
To: "[log in to unmask]" <[log in to unmask]>
Subject: Re: Update request on Auction proceeds drafting team

What are the costs you're talking about? Looking at past auction proceeds, the auctioneer Power Auctions LLC doesn't appear to be taking a cut of more than 0.25%. Which would suggest ICANN is getting at least $130 million here. I might be mistaken, however! Happy to be corrected if so.

- Ayden



On Fri, Jul 29, 2016 2:36 PM, McTim [log in to unmask] wrote:
the auctioneer gets a chunk of that 135M, can't recall the % tho, but ICANN doesn't get the full 135M.



On Fri, Jul 29, 2016 at 6:23 AM, Ayden Férdeline <[log in to unmask]> wrote:
The sale of .web has boosted the auction fund by another US$135 million. There has to be at least $250 million in there now, if not more? It would be great to hear from our colleagues on the New gTLD Auction Proceeds Drafting Team as to where in their work plan they are at. These funds could be truly transformative for different stakeholder groups and projects if suitably allocated…

Thanks,

Ayden



On Mon, Jun 13, 2016 5:36 PM, James Gannon [log in to unmask] wrote:
Auction reserve fund stands at a little over 100m USD as of today.
Klaus and Olivie are our two reps from NCSG.

-jg

From: Ayden Férdeline <[log in to unmask]>
Date: Monday 13 June 2016 at 15:26
To: James Gannon <[log in to unmask]>
Cc: "[log in to unmask]" <[log in to unmask]>
Subject: Re: Update request on Auction proceeds drafting team

Hi James,

Thanks for raising awareness of this. I am very interested in the outcome of this topic as well, as I understand there is at least $60m in funds currently on hand from auction proceeds (a figure inevitably going to grow). I need not mention how transformative this could be for different stakeholder groups and projects if suitably allocated. Who is representing the NCSG on the drafting team for this exceptional situation? 

Best wishes,

Ayden


On Mon, Jun 13, 2016 3:07 PM, James Gannon [log in to unmask] wrote:
Hi All,

Can our reps to the Auction Proceeds drafting team provide us with an update on the work of the group?

This is critical work and I want to make sure we are giving sufficient input into this process.
-James

Ayden Férdeline


Ayden Férdeline



--
Cheers,

McTim
“A name indicates what we seek. An address indicates where it is. A route indicates how we get there.”  Jon Postel

Ayden Férdeline


Ayden Férdeline


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