September-October 2012

The IOLTA crash: Fallout for foundations


The IOLTA crash: Fallout for foundations

With the economy still in shambles, bar foundations and others who administer IOLTA programs are seeing drastic declines in revenue from those accounts—and interest rates aren’t expected to rise anytime soon. How are leaders at bar foundations and other organizations working to ensure adequate funding for civil legal services in the midst of this crisis?

For bar foundations, tax form 990 is more than a yearly chore that’s required to stay in the good graces of the IRS. It’s also a chance to advertise the bar foundation’s mission to the press and the public—and to potential donors. This article offers expert tips on how to use form 990 to effectively highlight your bar foundation’s mission, programs, governance practices, and more.

To be most effective, a bar foundation needs to make sure it’s fully engaging its legal community, which may include law students, in-house counsel, and vendors of law-related products and services as well as the law firms from which bar foundations typically draw a lot of members and donors. In this article, leaders share ways their bar foundations have engaged the entire legal community in their area.

As bar president, how can you manage stress, get enough sleep, make time for exercise, eat nutritious meals, and otherwise be mindful of health and wellness during a very busy year? Learn from a doctor and from past bar presidents who offer health and wellness tips to benefit bar leaders and the rest of the bar association, too.

First it was Facebook, Twitter, and LinkedIn, plus bar-related blogs. Now, some bar communications experts are beginning to explore Pinterest. And what about Instragram? Tumblr? As social media platforms continue to evolve—and as lawyers, legislators, and other stakeholders gravitate toward them—how do bar associations decide which ones are worth the staff time that’s required to maintain a bar presence?


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