Utah Bar Foundation
| Publication year | 2013 |
| Pages | 36 |
| Citation | Vol. 26 No. 6 Pg. 36 |
November, 2013
THE UTAH BAR FOUNDATION CELEBRATES 50 YEARS OF SERVICE
The Honorable Augustus Chin and Kim Paulding.
Fifty years ago, Calvin Behle, James E. Faust, Earl D. Tanner, Julius Romney, and Charles Welch Jr. had the idea to form a charity that would promote legal education and increase the knowledge and awareness of legal services and needs in the community. This new organization would assist in providing funds for legal services to the disadvantaged, improvement to the administration of justice, and service worthwhile law-related education and public purposes. In December 1963, that idea became a reality with the founding of the Utah Bar Foundation.
In December 2013, the 50th anniversary of the Utah Bar Foundation will be celebrated. Over the last five decades, there have been many accomplishments. More than $5 million has been granted to organizations that help support the mission of the Utah Bar Foundation. In addition, scholarships and awards have been funded for law students from both the S.J. Quinney College of Law at the University of Utah and the J. Reuben Clark Law School at Brigham Young University, which have helped to keep the dream alive of providing access to the legal system for everyone in our community.
The Utah Bar Foundation has provided ongoing financial support for organizations such as the Utah Law Related Education, the Legal Aid Society of Salt Lake, Utah Legal Services, the Southern Utah Community Legal Center, the Salt Lake Community Legal Center, the Disability Law Center, the refugee resettlement/ immigration programs at both Catholic Community Services and Holy Cross Ministries, the Rocky Mountain Innocence Project, DNA People's Legal Services, Divorce Education Classes for Children, and Utah Dispute Resolution.
In 1983, the Utah Supreme Court authorized the creation of the IOLTA Program. IOLTA is the acronym for Interest on Lawyers' Trust Accounts. The IOLTA program allows attorneys to pool client funds in one interest-bearing client trust account. The Utah Supreme Court allowed the interest earned from these accounts to be remitted to the Utah Bar Foundation to fund law-related education and legal services for the poor.
IOLTA income has fluctuated between $100, 000 to $800, 000 annually depending on the short-term interest rates being offered by the Federal Government. The recent decline in the Federal Funds Reserve Rate...
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