you raise an interesting point that caused me to look deeper into the 990s filed by ISOC and PIR. So, I share this in case you are curious (or getting sucked do

you raise an interesting point that caused me to look deeper into the 990s filed by ISOC and PIR. So, I share this in case you are curious (or getting sucked down this rathole like I am:)). In 2017, ISOC created the Internet Society Foundation (like PIR a wholly owned subsidiary of Internet Society). PIR was a cash machine, generating ~$75M in cash, which they recorded as having been paid out in grants. ISOC split that so that ~30M showed up as revenue on Internet Society's 990, and $43M showed up on the newly created Internet Society Foundation's 990 as revenue. This may have been to avoid ISOC failing a public support test? (I'm operating at the limits of my understanding at this point and haven't taken the time to dig into this question). I am going to speculate that the proceeds from the sale of PIR will also go into the Foundation. Interestingly, the ISOC 990 does not show their ownership in PIR as a material asset on the balance sheet. One would think that a wholly owned sub that has $90M+ in revenue and throws off $75M in cash would be treated as an asset of value? It's possible there is something about non-profit accounting that makes this okay under GAAP - not something I know much about, but it caught my eye. I don't know how to evaluate the self-dealing question - I have dealt with some of the other issues here (eg disposition of non-profit assets, unrelated income, etc) as a non-profit founder, board member, or treasurer, but I have never wrestled with a self-dealing issue (thankfully!), so I don't know what the courts would look for there. Edit: source here is 2017 990s for Internet Society, Internet Society Foundation, and Public Interest Registry, pulled down from Guidestar. 2017 is the most recent year available for all three.