I too have been thinking that endowment is the way to go! rgds, McTim On Sun, Jul 31, 2016 at 8:17 AM, Sam Lanfranco <[log in to unmask]> wrote: > 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: > > *"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 <http://igmena.org/> communications manager > Independent #netgov consultant & editor > > Istanbul, Turkey > Skype: mikeoghia > Twitter <https://www.twitter.com/MikeOghia> *|* LinkedIn > <https://www.linkedin.com/in/mikeoghia> > > On Fri, Jul 29, 2016 at 11:59 PM, Ayden Férdeline < <[log in to unmask]> > [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]> >> [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]>[log in to unmask]> >>> Reply-To: Ayden Férdeline < <[log in to unmask]>[log in to unmask]> >>> Date: Friday 29 July 2016 at 06:45 >>> To: " <[log in to unmask]>[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 >>> <https://links9.mixmaxusercontent.com/aMjjKHWxnLSD3SEwj/l/jAOjQGVrCV1bw6Aby?messageId=CzRzo0ZHvRMiBWE8l&rn=IyUTV1QTlERtc0UD5kI&re=gI1RWZuIXez5idyV2c0NXasB0UTV1QTlERtc0UD5kI>, >>> 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]> >>> [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]> >>> [log in to unmask]> wrote: >>> >>> The sale of .web >>> <https://links7.mixmaxusercontent.com/aMjjKHWxnLSD3SEwj/l/T0OpEIvqWnraGDrCW?messageId=RlGMDDqfOu62wVLdf&rn=gI1RWZuIXez5idyV2c0NXasB0UTV1QTlERtc0UD5kI&re=gI1RWZuIXez5idyV2c0NXasB0UTV1QTlERtc0UD5kI> >>> 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]> >>> [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]>[log in to unmask]> >>> Date: Monday 13 June 2016 at 15:26 >>> To: James Gannon < <[log in to unmask]>[log in to unmask]> >>> Cc: " <[log in to unmask]>[log in to unmask]" < >>> <[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]> >>> [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? >>> <https://community.icann.org/pages/viewpage.action?pageId=58728193> >>> https://community.icann.org/pages/viewpage.action?pageId=58728193 >>> >>> This is critical work and I want to make sure we are giving sufficient >>> input into this process. >>> -James >>> >>> >>> Ayden Férdeline >>> Statement of Interest >>> <https://community.icann.org/display/gnsosoi/Ayden+F%C3%A9rdeline+SOI> >>> >>> >>> >>> Ayden Férdeline >>> Statement of Interest >>> <https://community.icann.org/display/gnsosoi/Ayden+F%C3%A9rdeline+SOI> >>> >>> >>> >>> >>> -- >>> 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 >>> Statement of Interest >>> <https://community.icann.org/display/gnsosoi/Ayden+F%C3%A9rdeline+SOI> >>> >> >> >> Ayden Férdeline >> Statement of Interest >> <https://community.icann.org/display/gnsosoi/Ayden+F%C3%A9rdeline+SOI> >> > > > -- > > *--------------------------------------------* > "It is a disgrace to be rich and honoured > in an unjust state" -Confucius > ---------------------------------------------- > Dr Sam Lanfranco (Prof Emeritus & Senior Scholar) > Econ, York U., Toronto, Ontario, CANADA - M3J 1P3 > YorkU email: [log in to unmask] Skype: slanfranco > blog: http://samlanfranco.blogspot.com > Phone: 613 476-0429 cell: 416-816-2852 > > -- Cheers, McTim "A name indicates what we seek. An address indicates where it is. A route indicates how we get there." Jon Postel