Feeds

Nominet to hand out £5m to online charity cases

New trust to divvy up domain sales surplus

5 things you didn’t know about cloud backup

Nominet, the not-for-profit in charge of the .uk domain registry, has approved a plan to distribute its multimillion-pound surplus among "education, research and development initiatives" to benefit the UK internet community.

The question of what to do with the spare cash has been bouncing around the domaining community for years.

Nominet doen't need all the money it brings in to run the registry, but its right-on constitution forbids divvying the surplus as a dividend to the domain sellers that form its membership.

After a members' vote and board approval, the newly-formed Nominet Foundation will kick off the philanthoparty this summer. Nominet proper will give it a first donation of £5m.

The foundation's structures and governance are still being settled and it isn't taking applications for funding yet. Keep an eye on the Nominet website here if you reckon you've got an idea for a worthy project.

Some domainers wanted Nominet to simply cut its prices in response to the surplus, or fund inhouse research into improving online security. ®

Boost IT visibility and business value

More from The Register

next story
6 Obvious Reasons Why Facebook Will Ban This Article (Thank God)
Clampdown on clickbait ... and El Reg is OK with this
No, thank you. I will not code for the Caliphate
Some assignments, even the Bongster decline must
Kaspersky backpedals on 'done nothing wrong, nothing to fear' blather
Founder (and internet passport fan) now says privacy is precious
Banking apps: Handy, can grab all your money... and RIDDLED with coding flaws
Yep, that one place you'd hoped you wouldn't find 'em
TROLL SLAYER Google grabs $1.3 MEEELLION in patent counter-suit
Chocolate Factory hits back at firm for suing customers
Mozilla's 'Tiles' ads debut in new Firefox nightlies
You can try turning them off and on again
Primetime precrime? Minority Report TV series 'being developed'
I have to know. I have to find out what happened to my life
Ex-IBM CEO John Akers dies at 79
An era disrupted by the advent of the PC
prev story

Whitepapers

Gartner critical capabilities for enterprise endpoint backup
Learn why inSync received the highest overall rating from Druva and is the top choice for the mobile workforce.
Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Rethinking backup and recovery in the modern data center
Combining intelligence, operational analytics, and automation to enable efficient, data-driven IT organizations using the HP ABR approach.
Consolidation: The Foundation for IT Business Transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.
Next gen security for virtualised datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.