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As a way to provide CSP with long-term financial sustainability and to strengthen CSP’s ability to support our members in the legislative and legal systems, the CSP Board of Directors has commissioned a 12-month Capital Campaign.
The CSP Capital Campaign seeks to raise $200,000 over twelve months - $100,000 toward CSP’s general fund reserves and $100,000 toward CSP’s Legal Defense Fund.
The general fund reserves will provide CSP with a reserve of six months of operating capital, a best practice recommended by non-profit accounting and governance practices. The Legal Defense Fund will replenish funds spent in a recent lawsuit, Luk v LA Care, on behalf of CSP members seeking relief against non-payment of services and will build reserves to fund continued efforts on the current lawsuit and for future endeavors. For an update on the LA Care lawsuit and to understand our immediate need for funding, please click here.
I invite you to join me and the CSP Board of Directors and make a personal and/or corporate contribution today!
You can contribute to the General Fund Reserves, the Legal Defense Fund or both! The links to contribute to each fund and a link to information about the CSP Capital Campaign are below:
Legal Defense Fund
General Fund Reserves
About the Capital Campaign
Both funds will be treated as restricted funds and can only be accessed with a 2/3 majority vote of the CSP Board of Directors.
While we build these reserves through direct contributions from individual members, practice groups and our corporate partners, the CSP Board of Directors is working with staff to develop organizational structure ensuring oversight of CSP finances and fulfillment of CSP objectives in member engagement and operational performance.
The CSP Capital Campaign Task Force is being led by former CSP President Al Lui, MD and is overseen by the CSP Executive Committee, chaired by myself.
For more information, please contact CSP Executive Director Dave Butler at dbutler@amgroup.us.
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