Organizations providing legal assistance to the poor face a very grimyear.
A significant amount of their funding comes from the Florida BarFoundation, which pioneered a money-raising program in 1981. It hasbeen copied by all 49 of the other states. The program, called Intereston Trust Accounts, or IOTA, has generated as much as $19 million a yearin Florida. Most of the money went to legal aid organizations.But since 1991, the program has raised less and less money. Althoughfoundation officials have been able to dip into reserves to keep fromreducing grants, the pool is empty and cuts are looming. Next month,foundation leaders will meet to decide how to divvy up the remainingmoney.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.
For questions call 1-877-256-2472 or contact us at [email protected]
