Changes

The [[Applicant Guidebook]] set some parameters for the use of proceeds:

The [[Applicant Guidebook]] set some parameters for the use of proceeds:

<blockquote>Funds must be used in a manner that supports directly ICANN’s Mission and Core Values and also allows

<blockquote>Funds must be used in a manner that supports directly ICANN’s Mission and Core Values and also allows ICANN to maintain its not for profit status.<br />  

ICANN to maintain its not for profit status.<br />  

Possible uses of auction funds include formation of a foundation with a clear mission and a transparent way to allocate funds to projects that are of interest to the greater Internet community, such as grants to support new gTLD applications or registry operators from communities in subsequent gTLD rounds, the creation of an ICANN-administered/community-based fund for specific projects for the benefit of the Internet community, the creation of a registry continuity fund for the protection of registrants (ensuring that funds would be in place to support the operation of a gTLD registry until a successor could be found), or establishment of a security fund to expand use of secure protocols, conduct research, and support standards development organizations in accordance with ICANN's security and stability mission.<ref name="ag4">[https://newgtlds.icann.org/en/applicants/agb/string-contention-procedures-04jun12-en.pdf ICANN Applicant Guidebook - Module 4: String Contention Procedures], June 4, 2012 (PDF)</ref></blockquote>

Possible uses of auction funds include formation of a foundation with a clear mission and a transparent way to allocate funds to projects that are of interest to the greater Internet community, such as grants to support new gTLD applications or registry operators from communities in subsequent gTLD rounds, the creation of an ICANN-administered/community-based fund for specific projects for the benefit of the Internet community, the creation of a registry continuity fund for the protection of registrants (ensuring that funds would be in place to support the operation of a gTLD registry until a successor could be found), or establishment of a security fund to expand use of secure protocols, conduct research, and support standards development organizations in accordance with ICANN's security and stability mission.<ref name="ag4">[https://newgtlds.icann.org/en/applicants/agb/string-contention-procedures-04jun12-en.pdf ICANN Applicant Guidebook - Module 4: String Contention Procedures], June 4, 2012 (PDF)</ref></blockquote>