Cy Pres Awards

Awards of Residual Funds from Court Cases

“Cy pres” awards are designated when there are residual funds in class action lawsuits, probate matters, and other court cases that cannot be distributed to the class members or beneficiaries for a variety of reasons. The doctrine allows for a gift to be distributed to certain non-profit organizations, and are a common component of settlement agreements to resolve class action lawsuits. (The term “cy près” comes from a French term meaning “as near as possible.”)

As an advocate for children’s health and financial equity for families in need facing basic need insecurity, HoldYou Foundation is a great choice for a cy pres award. HoldYou is dedicated to promoting and protecting the rights of all children.

Your nomination of HoldYou Foundation as a cy pres recipient can help make a real difference for sick children, their siblings, and vulnerable families. An award of cy pres funds to HoldYou can ensure that these residual funds will be used to improve health outcomes for and protect the rights of vulnerable children and families in need of justice.

Please contact us if you are interested in designating HoldYou Foundation as a cy pres award recipient.