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The JAS WG recommendation that the Board set up a planning committee, at the same time as the approval for the new gTLD program is approved, to investigate the various possibilities for funds and/or foundation and after consultation with the community to make recommendations on the formations of such a fund. the specific work items that should be included in the Board Foundation Recommendion WG include, but are not limited to:
Wiki Markup \[InvestigateWork with ICANN staff to investigate and understand the legal structures that are available to a California 501C corporation for creating a fund of Foundations.
Investigate the requirements for creation of a fund or foundation in California.] (move to footnote wasWiki Markup \[Work with ICANN staff to investigate and understand the requirements for creation of a fund or foundation in California.\] (move to footnote was
suggested)
- Draft a document defining the core responsibilities and activities of the fund or foundations.
- Define methods of work for the found or foundation, including fundraising, and fund distributions
- Suggest membership for the first board of the foundation, including dealing with issue such as as the relationship between ICANN's corporate structure and the new fund or foundation.
- Start obtaining pledges of funding with which to seed the resulting fund or foundation.
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