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TCL > October 1998 Issue > COLTAF 1997-98 Annual Report

October 1998       Vol. 27, No. 10       Page  57
Features

COLTAF 1997-98 Annual Report

tcl-1998october-coltaf
Two of the many Coloradans helped by COLTAF this year.


The past year was one of notable progress and accomplishments for the Colorado Lawyer Trust Account Foundation (COLTAF). We are pleased to update you with our 1997-98 Annual Report.

Revenue. Increasing revenue and the sources for revenue are on-going goals of COLTAF. In the past year, additional funds were raised in several areas:

* Currently, over 100 financial institutions in Colorado waive fees on COLTAF accounts, allowing more funds to be used to help meet the civil legal needs of our poorest community members. In 1997-98, nine institutions, including FirstBanks of Colorado, joined their colleagues in supporting the work of COLTAF by waiving fees totaling approximately $37,000. An "Honor Roll" of all institutions currently waiving fees is printed on page 58. We will continue to talk with institutions that are not waiving fees in the hope they will join our efforts in the future.

* The Colorado Bar Association (CBA) has offered a credit card program through MBNA for over a decade. In 1997-98, the CBA generously decided to allocate proceeds from the card totaling over $30,000 to be split between COLTAF and the Legal Aid Foundation.

* Interest income on lawyer COLTAF accounts surpassed budget projections for the second year in a row, an indication of the health of the economy.

Grant-making/Disbursements. With increased income, COLTAF enhanced its grant-making efforts and made an even greater impact.

* Legal services programs: We increased disbursements to the three primary legal services programs -- Colorado Rural Legal Services, the Legal Aid Society of Metropolitan Denver and Pikes Peak/Arkansas River Legal Aid.

* Discretionary programs: We targeted several new programs with the goal of meeting unmet needs in geographical areas not currently receiving COLTAF discretionary funding. See our list of grants on page 60.

* Pro Bono programs: We reached out to every bar association in the state. The result was new funding for four grantees: Boulder County Legal Services, Heart of the Rockies Bar Association, Northwest Colorado Legal Services Project - Gunnison and Pueblo County Bar Association.

* Other funding: For three years, COLTAF has funded a grant to Catholic Charities for legislative and administrative advocacy on welfare reform and health care issues. This year, the project underwent a transition and now carries on this critical work as an independent entity incorporated as the Colorado Center on Law & Policy. We are grateful to Catholic Charities for their outstanding stewardship and support.

Working in partnership. COLTAF is the product of over 16 years of working partnerships with and among members of the organized bar, program staff, financial institutions, other nonprofits and Colorado citizens.

* This year, the proposed rule change to the Rule of Professional Conduct provided COLTAF the opportunity to bring together representatives of Colorado's financial institutions and the Office of Disciplinary Counsel. We are currently working together regarding the form the rule will take.

* Challenges ahead. In June, the U.S. Supreme Court ruled that the interest earned on lawyers' trust accounts was a property interest for the purposes of analysis under the taking clause of the Fifth Amendment. The Court was interpreting Texas law, and did not rule whether the funds have been taken by the state, or whether just compensation is due. While disappointing, the ruling does not affect COLTAF's operations in any way. Until the unresolved issues raised by the Phillips decision have been decided, or the Colorado courts are asked to decide issues raised by the Phillips decision, COLTAF will continue to operate business as usual. However, although the ruling does not impact COLTAF, it does highlight the need to find other sources of support for legal services in Colorado.

As we look forward, it is clear that working together will be increasingly important, as well as looking for new and innovative ideas. Thank you to each of you for your past support of COLTAF. We look forward to our continued partnership.

COLTAF Honor Roll: Outstanding Financial Institutions

The Colorado Lawyer Trust Account Foundation (COLTAF) is pleased to recognize financial institutions in Colorado that do not charge fees on COLTAF accounts. The banks listed below waive all service and activity charges on COLTAF accounts. COLTAF gratefully acknowledges their generosity which allows more funds to be used to help meet the civil legal needs of the poor in Colorado. If you have questions or comments, please contact the COLTAF office at 303-863-7221.

Akron
Equitable Savings & Loan
First National Bank of Akron
First Security Bank Ft. Lupton

Alamosa
Alamosa National Bank
First Western National Bank
Rio Grande Savings & Loan
San Luis Valley Federal
Savings & Loan Association

Arvada
First Federal Savings Bank
FirstBanks of Colorado
Key Bank of Colorado
Norwest Bank

Aspen
Alpine Bank
Norwest Bank

Ault
Farmers Bank

Aurora
Aurora National Bank
Aurora National Bank South
Commerce Bank of Aurora
Community First National Bank
First Federal Savings Bank
First United Bank
FirstBanks of Colorado
Key Bank of Colorado
Norwest Bank

Avon
Alpine Bank
FirstBanks of Colorado
Norwest

Basalt
Alpine Bank

Beaver Creek
FirstBanks of Colorado

Berthoud
Berthoud National Bank

Blackhawk
Norwest Bank

Boulder
Bank of Boulder
Community First National Bank
FirstBanks of Colorado
Lafayette State Bank
Norwest Bank
Tri-State Bank
Breckenridge
FirstBanks of Colorado

Brighton
First Federal Savings Bank
Norwest Bank
Valley Bank

Broomfield
Eagle Bank
FirstBanks of Colorado
Norwest Bank

Brush
Equitable Savings & Loan
First Security Bank of Brush

Buena Vista
Collegiate Peaks Bank

Burlington
Colorado Community First
National Bank
Equitable Savings & Loan

Calhan
Farmers State Bank of Calhan

Canon City
Canon National Bank
First National Bank
Fremont National Bank

Carbondale
Alpine Bank Carbondale
Colorado Federal Savings Bank
Norwest Bank

Castle Rock
Castle Rock Bank
First National Bank
FirstBanks of Colorado
Norwest Bank

Clifton
Alpine Bank
Norwest Bank

Colorado Springs
Air Academy National Bank
The Citadel Bank
Colorado Federal Savings Bank
ENT Federal Credit Union
FirstBanks of Colorado
Key Bank of Colorado
Norwest Bank
Peoples Bank
UMB Bank Colorado
Western National Bank

Commerce City
First Federal Savings Bank
Key Bank of Colorado
Norwest Bank
Valley Bank

Conifer
Colorado Community First
National Bank
Peak National Bank

Cortez
Centennial Savings Bank
First National Bank
Valley National Bank

Craig
Colorado Community First
National Bank

Crested Butte
Community Banks of Colorado

Del Norte
Rio Grande County Bank

Delta
First Federal Savings Bank
Norwest Bank

Denver
Aurora National Bank DTC
The Bank of Cherry Creek
Citywide Banks of Denver
First Federal Savings Bank
FirstBanks of Colorado
Key Bank of Colorado
Liberty Savings Bank
Norwest Bank
Premier Bank
Trust Bank
UMB Bank Colorado
Union Bank & Trust
Valley Bank
Vectra Bank/Mississippi
Vectra Bank Southwest
Wells Fargo Bank

Durango
Bank of Durango
The Burns National Bank
Centennial Savings Bank
Norwest Bank

Eagle
Alpine Bank
Mountain Bank

Eaton
The Eaton Bank
Edgewater
FirstBanks of Colorado

El Jebel
Alpine Bank

Englewood
Arapahoe Bank & Trust
Community First National Bank - Park Meadows
First Federal Savings Bank
FirstBanks of Colorado
Key Bank of Colorado
Norwest Bank
Vectra Bank
Wells Fargo Bank

Erie
FirstBanks of Colorado

Estes Park
First National Bank
Park National Bank
United Valley Bank

Evans
Weld County Bank

Evergreen
Community First National Bank
Evergreen National Bank
FirstBanks of Colorado
Peak National Bank

Federal Heights
Vectra Bank

Fort Collins
1st Choice Bank
Equitable Savings & Loan
Farmers Bank
First State Bank Fort Collins
FirstBanks of Colorado
Key Bank of Colorado
Liberty Savings Bank
Norwest Bank

Fort Lupton
First Security Bank

Fort Morgan
Equitable Savings & Loan
First Security Bank of Fort Lupton
Key Bank of Colorado

Franktown
Community Bank of Parker

Frisco
Norwest Bank

Georgetown
Clear Creek National Bank

Glenwood Springs
Alpine Bank
Glenwood Independent Bank
Mesa National Bank

Golden
First Federal Savings Bank
Key Bank of Colorado
Norwest Bank

Granada
Colorado East Bank & Trust

Granby
Liberty Savings Bank

Grand Junction
Alpine Bank
Bank of Colorado
The Bank of Grand Junction
Centennial Savings Bank
First Federal Savings Bank
Mesa National Bank
Norwest Bank

Greeley
Cache Bank
1st Choice Bank
The Eaton Bank
First National Bank of Greeley
FirstBanks of Colorado
Key Bank of Colorado
Liberty Savings Bank
Norwest Bank
Union Colony Bank

Greenwood Village
First Federal Savings Bank
Norwest Bank

Gunnison
Community Banks of Colorado
Hayden

Yampa Valley National Bank

Highlands Ranch
First Federal Savings Bank
FirstBanks of Colorado
Norwest Bank

Holly
Colorado East Bank & Trust

Holyoke
Community First National Bank
First Security Bank of Fort Lupton

Hotchkiss
First State Bank
Idaho Springs

Clear Creek National Bank
First State Bank

Ignacio
Norwest Bank

Julesburg
Equitable Savings & Loan
First National Bank
First Security Bank of Fort Lupton

La Jara
First Western National Bank

La Junta
Colorado East Bank & Trust

La Salle
Norwest Bank

Lafayette
Lafayette State Bank

Lakewood
Citywide Bank
First Federal Savings Bank
FirstBanks of Colorado
Front Range Bank
Liberty Savings Bank
Norwest Bank
Peak National Bank
Union Bank & Trust

Lamar
Colorado East Bank & Trust
Valley State Bank

Limon
Equitable Savings & Loan
The First National Bank

Littleton
First Federal Savings Bank
FirstBanks of Colorado
Key Bank of Colorado
Norwest Bank
UMB Bank Colorado

Longmont
Equitable Savings & Loan
FirstBanks of Colorado
Liberty Savings Bank
Norwest Bank
Pioneer Bank of Longmont
Valley Bank

Louisville
Community First National Bank
First Federal Savings Bank
FirstBanks of Colorado
Lafayette State Bank
Norwest Bank

Loveland
FirstBanks of Colorado
Home State Bank
Key Bank of Colorado
Norwest Bank

Lyons
Pioneer Bank of Longmont
Valley Bank

Minturn
FirstBanks of Colorado

Monte Vista
Rio Grande Savings & Loan
San Luis Valley Federal
Savings & Loan

Montrose
Centennial Savings Bank
Community First National
First Federal Savings Bank
Montrose Bank
Norwest Bank
Western Colorado Bank

Monument
Norwest Bank
Peoples National Bank

Nederland
Peak National Bank

Northglenn
Liberty Savings Bank
Norwest Bank

Ouray
Citizens State Bank
First National Bank

Pagosa Springs
Centennial Savings Bank
Citizens Bank of Pagosa Springs
Rio Grande Savings & Loan

Paonia
First National Bank of Paonia
Paonia State Bank

Parachute
Norwest Bank

Parker
Community Bank
Community First National Bank
FirstBanks of Colorado
First United Bank
Norwest Bank

Pueblo
Canon National Bank
First National Bank
Minnequa Bank
Norwest Bank

Rifle
Alpine Bank
Mesa National Bank
Norwest Bank

Security
UMB Bank Colorado

Silverthorne
FirstBanks of Colorado

Springfield
Colorado East Bank & Trust

Steamboat Springs
Colorado Community First
National Bank
First National Bank
Norwest Bank

Sterling
Equitable Savings & Loan
First Security Bank of
Fort Lupton
Key Bank of Colorado
Norwest Bank

Telluride
Bank of Telluride
The First National Bank

Thornton
Community First National Bank
First Federal Savings Bank
FirstBanks of Colorado
North Valley Bank

Trinidad
Century Savings & Loan
Association
Colorado Community First
National Bank

Vail
FirstBanks of Colorado
Walsenburg

First National Bank

Westcliffe
Colorado Mountain Bank

Westminster
Citizens Bank
First Federal Savings Bank
FirstBanks of Colorado
Norwest Bank

Wheat Ridge
Citywide Bank
Norwest Bank
Vectra Bank

Windsor
1st Choice Bank
Bank of Colorado Front Range
Union Colony Bank

Winter Park
Norwest Bank

Woodland Park
Mountain National Bank

1998 Grant Awards

COLTAF traditionally has awarded grants in three categories: legal services program grants; local bar association pro bono program grants; and discretionary grants to other non-profit organizations with projects that provide legal assistance or education to the disadvantaged.

Adequate funding for the three staffed legal services programs listed below has been COLTAF's priority since its inception.

COLTAF has also recognized the vital role that pro bono and other non-profit providers play in a comprehensive, statewide legal services delivery system. In 1998, COLTAF funded all three categories. In addition, COLTAF funded a grant to the Colorado Center on Law & Policy for the provision of administrative and legislative advocacy for the poor. The following grants were made in the twelve month period ending August 31, 1998:

Legal Services Programs
Colorado Rural Legal Services

$329,702
Legal Aid Society of Metropolitan Denver $531,777
Pikes Peak/Arkansas River Legal Aid $202,075
Total $1,063,554

Discretionary Programs
Advocates Against Battering & Abuse

$2,500
Advocates Against Domestic Assault $5,000
Alternative to Violence $2,500
Arkansas Valley Resource Center $3,880
Community Housing Services $5,200
Crossroads Safehouse $2,500
Domestic Violence Initiative for Women with Disabilities $2,980
Family Crisis Services $3,280
Justice Information Center $7,600
The Legal Center $7,700
Montrose Women's Resource Center $3,400
Project Safeguard $5,800
Pueblo YWCA Family Crisis Center $5,500
Rocky Mountain Children's Law Center $3,280
Tu Casa $3,880
Total $65,000

Local Bar Association Volunteer (Pro Bono) Lawyer Programs
Boulder County Bar Association

$2,000
Continental Divide Bar Association $2,000
El Paso County Bar Association $6,000
Heart of the Rockies Bar Association $1,400
Larimer County Bar Association $7,000
Mesa County Bar Association $6,000
Metro Volunteer Lawyers $7,000
(Bar Associations: Denver, Adams County, Arapahoe County, Douglas County, Aurora and First Judicial District) Ninth Judicial District (Garfield County) $6,000
Northwest Colorado Bar Association $2,500
Pueblo County Bar Association $5,000
San Luis Valley Bar Association $6,500
Seventh Judicial District (Gunnison) $1,000
Seventh Judicial District (Uncompaghre) $11,000
Southwest Colorado Bar Association $5,500
Thirteenth Judicial District $6,000
Weld County Bar Association $10,500
Total $85,400

Administrative and Legislative Advocacy
Colorado Center on Law & Policy

$98,277
Total $98,277

Financial Statements

Statement of Financial Position
June 30, 1998 (with comparative totals for 1997)

Assets 1998 1997

Current Assets

Cash $866,499 777,540
Interest receivable 132,425 117,150
Total current assets 998,924 894,690

Property And Equipment, at cost

Equipment 15,073 15,073
Accumulated depreciation 15,073 15,073

0 0

Total Assets

998,924 894,690

Liabilities And Net Assets

Current Liabilities

Grant commitments 757,113 542,282

Net Assets

Unrestricted operating 141,811 252,408
Board designated 100,000 100,000

241,811 352,408

Total Liabilities And Net Assets

$998,924 $894,690
Statement Of Activities
And Changes In Net Assets


1998 1997
Total Revenue $1,300,796 1,200,173

Expenses

Operating expenses 93,885 95,621
Grants 1,317,508 1,024,500

Total Expenses

1,411,393 1,120,121

Change in Net Assets

(110,597) 80,052

Net Assets, beginning

352,408 272,356

Net Assets, ending

$241,811 $352,408

Current Board of Directors

Edward J. Nugent, President: Grand Junction - Attorney, appointed by the Colorado Bar Association

Roger E. Clark, Vice President: Loveland - Partner, Hammond & Clark, appointed by the Colorado Bar Association

Steven D. Barnett, Secretary: Boulder - Attorney, elected by the COLTAF membership

Vicki P. Ripley, Treasurer: Littleton - President, Norwest Bank Colorado Southglenn, elected by the COLTAF membership

Thomas S. Byington: Fort Collins - President, First State Bank of Fort Collins, elected by the COLTAF membership

Aaron R. Clay: Delta - Partner, Clay & Dodson, appointed by the Colorado Bar Association

Kristopher L. Hammond: Steamboat Springs - Partner, Oliphant, Hammond & O'Hara, appointed by the Colorado Bar Association

Dale R. Harris: Denver - Partner, Davis, Graham & Stubbs, elected by the COLTAF membership

John J. Keilbach: Pueblo - Partner, Altman, Keilbach, Lytle, Parlapiano & Ware, appointed by the Colorado Bar Association

Jerome L. Lemberger: Colorado Springs - Executive Director, Pikes Peak/Arkansas River Legal Aid, appointed by the Legal Services Programs

Joseph E. Meyer, III: Denver - Denver District Court Judge, appointed by the Colorado Bar Association

Charles Myers: Conifer - Attorney, appointed by the Colorado Bar Foundation

Diana M. Poole: Denver - Attorney, elected by the COLTAF membership

Jerry A. Retherford: Colorado Springs - Partner, Retherford, Mullen, Johnson & Bruce, appointed by the Colorado Bar Association

Edward Schlatter: Denver - United States Magistrate Judge, elected by the COLTAF membership

Mary Hurley Stuart: Denver - Partner, Holme, Roberts & Owen, elected by the COLTAF membership


Staff

Lynn Cannon, Executive Director

Marijane Engel, Associate Director

Vicki Capek, Administrator

James Brownson, Fund-raising Assistant (half-time)

COLTAF shares staff with the Legal Aid Foundation of Colorado.

Address: 1900 Grant Street, Suite 950, Denver, Colorado 80203-4309.
Phone: 303-863-7221;
Fax: 303-861-5274.

© 1998 The Colorado Lawyer and Colorado Bar Association. All Rights Reserved. Material from The Colorado Lawyer provided via this World Wide Web server is protected by the copyright laws of the United States and may not be reproduced in any way or medium without permission. This material also is subject to the disclaimers at http://www.cobar.org/tcl/disclaimer.cfm?year=1998.


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