Domain name donations
March 30th, 2006

“When Tom Bird started receiving six-figure offers for his domain name, farm.com, the Massachusetts- based entrepreneur this month made an unlikely move: he donated the Internet address to the Boston Foundation,”this IHT article says.”In less than a week,the nonprofit group sold farm.com for $200,000.The buyer?The online pet supplies business Pets United, which already owned dog.com, fish.com, and horse.com.”We’ve never dealt with anything like this before,”said Ruben Orduna,vice president for development at the foundation.”We were scratching our heads trying to figure out if this was O.K. But it was surprisingly easy and a great gift.”Domain name donations are the latest twist in charitable giving, after nonprofit organizations and charities saw their coffers filled with stocks of soaring technology companies in the late 1990s.In the past few years,thousands of people have given domain names to charitable organizations,according to several major companies that buy and sell domain names.But the Boston Foundation gift was unprecedented,they say,because the domain name was intended to be sold for cash,not to be used as an Internet site for the nonprofit group”.

Domain name gifts: Dot-com boon for charities


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