In July 1998, the Medical Society of South Carolina (MSSC) became a founding member of CareAlliance Health Services (CAHS). It is anticipated that CAHS will make annual contributions to each founding member. This business plan will outline the MSSC's policy for handling the income of the MSSC (mainly from CAHS and investments) to accomplish the goals that the MSSC was formed to carry out without jeopardizing the non-profit status of the MSSC and its affiliate organizations such as CAHS. The business plan has two (2) major components: 1) Making of grants to 501 (c) (3) non-profit organizations for health-related endeavors in the Tri-county area and in making other expenditures consistent with the mission of the Society. 2) Accumulation of liquid assets to protect the Society's financial interest in CAHS as outlined in Article XII of the MSSC Bylaws. Grants Committee: The Medical Society of South Carolina will appoint an eight (8) person committee comprised of the Executive Director and seven (7) members of the Society. One of these seven (7) members of the Society shall be a member of the MSSC's Board of Directors and will serve as Chairperson of the committee. The Chairperson's terms will end at the expiration of his term on the Board of Directors. The six committee members will serve staggered terms with two members receiving the most serving five year terms. A member who has served a full five (5) year term must be rotated off the committee for one (1) year before being eligible for a second five (5) year term. The Executive Director shall be responsible for establishing all documentation and assistance for the committee to fulfill its duties. The MSSC Board of Directors will notify the committee of any restriction on requests for grants that it deems appropriate and necessary. The Executive Director is a non-voting member of the Grants Committee. Accumulating Assets: The MSSC Board of Directors has established a minimum reserve requirement of One Hundred Million Dollars ($100,000,000) as the amount needed to protect the Society's financial interest in CareAlliance Health Services. The Board will allocate annually One Hundred Thousand Dollars ($100,000) for grants to be used on an emergency basis. All grant approvals shall be subject to Article XI, Section 11.4 of the MSSC Bylaws. Once the One Hundred Million Dollars ($100,000,000) reserve requirement is met, the MSSC Board of Directors will establish a revised business plan. Business Plan Committee Members are: J. Chris Hawk, III, M.D. Alan W. Fogle, M.D. Mr. John Jordan, Executive Director Donald B. Meyer, Esq., Moore & Van Allen Grants Committee Members are: I. Grier Linton, Jr., (Chip) M.D. - Chairperson Robert S. Cathcart, III, M.D. Thomas H. Dukes, III, M.D. Frederick Reed, Jr., M.D. J. Chris Hawk, III, M.D. Paul L. Yantis, III, M.D. Peter W. Rossi, M.D. John M. Jordan, Jr. If you have any questions concerning the business plan, please contact Johnny Jordan, Executive Director, MSSC Corporate Office at 965-8654.