Nominet has launched a charitable foundation, the '''Nominet Trust''',<ref>[http://www.nominet.org.uk/news/latest/2008/?contentId=4709 Nominet launches a charitable trust]</ref> as it has been creating a profit surplus on its ordinary operations since 2003; its constitution forbids it from distributing surplus funds to members in the manner of a commercial company paying dividends, and so it turned tocharitable activities as a means of running down the excess funds. In September 2008, Nominet's board made an initial donation of £5m to its charitable offshoot,<ref>[http://www.nominet.org.uk/news/latest/2008/?contentId=5627 Nominet Foundation Trustees appointed]</ref> which will support "education, research and the funding of suitable projects for the benefit of UK internet stakeholders". Further donations have been made since this date. | Nominet has launched a charitable foundation, the '''Nominet Trust''',<ref>[http://www.nominet.org.uk/news/latest/2008/?contentId=4709 Nominet launches a charitable trust]</ref> as it has been creating a profit surplus on its ordinary operations since 2003; its constitution forbids it from distributing surplus funds to members in the manner of a commercial company paying dividends, and so it turned tocharitable activities as a means of running down the excess funds. In September 2008, Nominet's board made an initial donation of £5m to its charitable offshoot,<ref>[http://www.nominet.org.uk/news/latest/2008/?contentId=5627 Nominet Foundation Trustees appointed]</ref> which will support "education, research and the funding of suitable projects for the benefit of UK internet stakeholders". Further donations have been made since this date. |