A proposal recommends investing part of the proceeds from public airwaves auctions to create a Digital Futures Foundation aimed at addressing digital equity gaps. The concept of "Philanthropication thru Privatization" (PtP) describes forming endowed foundations from privatized public assets. Over 650 PtP foundations exist globally, often arising from the conversion of nonprofit health entities into for-profit ones. Proceeds from airwave frequency auctions represent a key asset for funding digital equity initiatives, reflecting the increasing demand for spectrum due to developments like 5G technology.
The proposal calls for using proceeds from public airwaves auctions to create a Digital Futures Foundation focused on bridging gaps in digital equity across various key sectors.
Philanthropication thru Privatization (PtP) allows for the establishment of charitable foundations using proceeds from privatized public assets, exemplified by over 650 PtP foundations worldwide.
Proceeds from government auctions of airwave frequencies represent a viable source for funding digital equity efforts, especially in education and telehealth given rising demand.
The surge in cellular network usage and the emergence of 5G technology have intensified the need for spectrum, amplifying the potential financial returns from these government auctions.
#digital-equity #public-airwaves #philanthropication-thru-privatization #telehealth-access #spectrum-auctions
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