Bar News - May 18, 2016
NH Bar Foundation: Foundation Distributes IOLTA Grants Totaling $700,000
|NH Legal Assistance
|NH Pro Bono Referral Program $700,000 (to include funding for DOVE)
|Law School Loan Assistance Program*
|Disability Rights Center – NH
|Legal Advice & Referral Center
|NHBA Reduced Fee Referral Program
|*The Law School Loan Assistance Program provides limited loan assistance to attorneys employed by the civil legal aid programs.
The New Hampshire Bar Foundation Board of Directors has approved $700,000 in grants for civil legal aid programs for the coming fiscal year starting June 1, 2016.
At its meeting May 4, the board voted to accept recommendations made by the IOLTA Grants Committee, whose recommended allocation was based on a joint proposal by the four major civil legal aid providers that receive IOLTA funding in New Hampshire.
Due to a dip in revenue in the past year resulting from cutbacks of some financial institutions in the interest rates paid for IOLTA accounts, the total amount granted is down 12.5 percent from the $800,000 in grants awarded for the current year. On the plus side, it was announced that the Bar Foundation IOLTA program is slated to receive $1,039,372 as New Hampshire’s share of the remainder of a national settlement over mortgage irregularities by Bank of America (see related article).
Jamie Hage, a member of the IOLTA Grants Committee, presented the five-member panel’s recommendations, noting that the the legal services providers – NH Legal Assistance, the NH Bar Association’s Pro Bono and Reduced-Fee Referral programs, Legal Advice & Referral Center, and the Disability Rights Center of NH, had made a joint presentation, agreeing to cut their funding requests by similar amounts to accommodate the reduced amount available.