The Honor Project Trust was created in Ohio through the judicial equitable remedy of cy pres, as a result of a surplus of disgorged funds accessed from defendants in a lawsuit in Ohio. Over $6 million was distributed to 226 charitable organizations that assist Ohio residents. Out of the charities receiving funds, 23 provide assistance with drug and alcohol dependence, and mental health. One of the rehabilitation centers is the ORCA House in Cleveland, Ohio, which received $50,000 from the trust.
See Monica Robins, 226 Ohio Charities Splitting $6.5 Million in Leftover Lawsuit Funds, WKYC, Sept. 4, 2014.
Special thanks to Brian Cohan (Attorney at Law, Law Offices of Brian J. Cohan, P.C.) for bringing this article to my attention.
