In May 2021, the ICANN Board resolved to revise the Investment Policy to permit the Creation of a Supplemental Fund for Implementation of Community Recommendations. Specifically, the board agreed that if excess funds exist in the Operating Fund after an allocation to the Reserve Fund has been considered or decided, then an allocation to the SFICR will be considered during the annual planning process based on identified project needs. The SFICR can only be used for multi-year projects. ICANN organization determined that the balance of the Operating Fund (as of 30 June 2020) contained excess funds. Thus, the Board approved the transfer of US$10,000,000 from the Operating Fund to the Reserve Fund and authorized the creation of the SFICR.<ref>[https://www.icann.org/resources/board-material/resolutions-2021-05-12-en#2.b ICANN Board Resolutions 05/12/21]</ref> | In May 2021, the ICANN Board resolved to revise the Investment Policy to permit the Creation of a Supplemental Fund for Implementation of Community Recommendations. Specifically, the board agreed that if excess funds exist in the Operating Fund after an allocation to the Reserve Fund has been considered or decided, then an allocation to the SFICR will be considered during the annual planning process based on identified project needs. The SFICR can only be used for multi-year projects. ICANN organization determined that the balance of the Operating Fund (as of 30 June 2020) contained excess funds. Thus, the Board approved the transfer of US$10,000,000 from the Operating Fund to the Reserve Fund and authorized the creation of the SFICR.<ref>[https://www.icann.org/resources/board-material/resolutions-2021-05-12-en#2.b ICANN Board Resolutions 05/12/21]</ref> |