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posted by martyb on Friday November 15 2019, @04:38AM   Printer-friendly
from the what-to-do-now? dept.

Public Interest Registry, the non-profit organization managing the .ORG Top Level Domain (TLD) has been sold to investment firm Ethos Capital.

PIR was established by the Internet Society in 2002 to manage and operate the .ORG domain. Since then, .ORG has risen to become the largest purpose-driven domain used by millions of organizations and others to achieve their online goals.

[...]“This is an important and exciting development for both the Internet Society and Public Interest Registry,” said Andrew Sullivan, President and Chief Executive Officer of the Internet Society, the organization that established Public Interest Registry. “This transaction will provide the Internet Society with an endowment of sustainable funding and the resources to advance our mission on a broader scale as we continue our work to make the Internet more open, accessible and secure – for everyone.

Obviously this comes as a complete and utter surprise to everybody, a couple of months after ICANN eliminated the .org price cap despite overwhelming opposition.

All of PIR’s domain operations and educational initiatives will continue, and there will be no disruption of service or support to the .ORG Community or other generic top-level domains operated by the organization.

It looks like all parties involved wisely decided not to comment on any expected price increases though.

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  • (Score: 0) by Anonymous Coward on Friday November 15 2019, @09:59PM

    by Anonymous Coward on Friday November 15 2019, @09:59PM (#920818)

    Disbursements that personally enrich the executive staff or BoD that are contingent on revenue or profit are one of the few things non-profits cannot do. In addition, PIR is a registered support organization of unclassified type, which limits their use of the money even more than the standard non-profit rules to:

    A supporting organization must engage solely in activities that support or benefit its supported organization(s). In addition to making direct grants to its supported organization(s), a supporting organization generally may make grants or provide services or facilities to:

    • individual members of the charitable class benefited by its supported organization(s),
    • another supporting organization that supports the same supported organization(s) or
    • a state college or university described in Internal Revenue Code section 511(a)(2)(B) (colleges or universities which are government instrumentalities).

    However, any such grants or provision of services or facilities must support or benefit the supported organization(s), not just the direct recipients.