Experts in the Cy Pres Settlement Fund Grant-making Process
Helping Attorneys General offices and plaintiff's counsel distribute residual settlement funds that benefit the injured class.
We work with stakeholders to establish, create, and implement a suitable, defensible plan that directs residual funds from class action settlements to benefit groups and activities with a nexus to the underlying facts and law of the case.
As cy pres fund administrators, we have extensive experience in the distribution and management of a number of cy pres settlement funds. We contract with Attorneys General offices and plaintiff’s counsel to administer residual class action settlement funds, while maintaining an arms-length distance from the parties to the litigation. This distance, in addition to our professional experience, assures fairness and professionalism in the selection of the proposed cy pres grantees, while simultaneously avoiding the appearance of impropriety .
As fund administrators, we follow our established, proven process to assess grant applications, make recommendations, disburse funds, monitor grantees and issue reports to the litigants and the court.
Contact Us
Cy Pres Settlement Funds
490 43rd Street
Suite 350
Oakland, CA 94609
info@cypressettlementfunds.com
Our Process
Draft the RFP
We collaborate with stakeholders to draft a framework that will provide an indirect or cy pres benefit to the injured class and has a nexus to the underlying facts and law of the case.
Cy Pres Settlement Funds ensures that the RFP is broadly accessible to potential grantees and also works with distribution partners to circulate the grant opportunity to diverse communities and entities.
Conduct outreach
Through a series of events, promotional activities, paid placement and targeted research on potential grantees with a nexus to the case, Cy Pres Settlement Funds ensures that the grant opportunity is broadly circulated.
This approach helps ensure that there is a sufficient quantity of defensible, high-quality grant applications that can be recommended to the Attorney General’s office and/or plaintiff's counsel.
Review applications
Next, we conduct due diligence, as well as a financial review, of applicants. This includes site visits and interviews with individuals responsible for the proposed project.
“It is necessary to foster, develop, and establish best practices based on successful cy pres distributions in order to benefit plaintiffs, defendants, all counsel and the courts and to protect access to the courts through class action suits.”
– Harry M. Snyder, Protecting Class Action Settlements
Get in Touch
If you have a question about cy pres or want to discuss how we may be able to assist in a current settlement process, please contact us.