The annual IOLTA revenue for the Georgia Bar Foundation to give to the state’s legal nonprofits dropped for the fourth year in a row, but a windfall cy pres award from a junk fax case in Washington state almost doubled the grant amount.
The Bar Foundation, which administers the interest on lawyers’ trust accounts, had about $345,000 in IOLTA funds to give away, down from almost $400,000 last year. But the cy pres award added another $297,000 to their coffers, for a total of $642,000.
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