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TCL > October 1997 Issue > COLTAF 1996-97 Annual Report

The Colorado Lawyer
October 1997
Vol. 26, No. 10 [Page  71]

© 1997 The Colorado Lawyer and Colorado Bar Association. All Rights Reserved.

All material from The Colorado Lawyer provided via this World Wide Web server is copyrighted by the Colorado Bar Association. Before accessing any specific article, click here for disclaimer information.

Features

COLTAF 1996-97 Annual Report

We are pleased to present the 1996-97 Annual Report of the Colorado Lawyer Trust Account Foundation (COLTAF). As we commemorate COLTAF's 15th anniversary, we face both challenges and opportunities. As you're aware, legal services programs have endured severe budget cuts in recent years. We await news from Congress of future funding, as well as the outcome of the Texas IOLTA litigation. Yet this past year, COLTAF saw an increase in income, and federal funds to the legal services programs were slightly higher.

At this fifteen-year milestone, we want to take the opportunity to thank the many people who have aided COLTAF in our commitment to help hundreds of thousands of low-income Coloradans obtain access to justice. We particularly want to recognize past board members, financial institutions, and grantees for their efforts.

We gratefully acknowledge the leadership, dedication, and generosity of the past and current COLTAF board members listed below. Their efforts include:

  • leading Colorado in 1981 to become the fifth state in the country to have an IOLTA program;
  • changing in 1989 the voluntary nature of the program to a mandatory one; and,
  • making over $10,423,576 worth of grants in fifteen years to numerous quality programs.

Board Members 1982-1997

Jonathan D. Asher, Steven D. Barnett, Frank J. Brainerd, Frank A. Brame, III, Christopher R. Brauchli, G. Scott Briggs, Bruce T. Buell, Thomas S. Byington, Willis V. Carpenter, Roger E. Clark, Aaron R. Clay, Robert E. Crane, Margaret Cunningham, Bobby Lane Daniel, Carolyn E. Daniels, Robert C. Dawes, Richard S. Gast, Harry Griff, Dale R. Harris, Richard Hennessey, Deanna E. Hickman, Donald W. Hoagland, Mary T. Hoagland, John Holt, Edwin S. Kahn, Jane P. Kellenberger, Howard Kirshbaum, Frances A. Koncilja, Martha A. Lair, Jerome L. Lemberger, Beverly Long, H. Barton Mendenhall, Joseph E. Meyer, III, Randall G. Miller, Michael L. Murray, Edward J. Nugent, Russell Olin, Frank Plaut, Paul D. Renner, John Resetaritis, Jerry Retherford, Maurice Reuler, Vicki P. Ripley, Mario Rivera, James M. Robb, James M. Rooney, Edward Schlatter, Robert A. Schuetze, William Shade, Steve Sherlock, Jack F. Smith, Helen Stone, Mary Hurley Stuart, Katherine Tamblyn, H. Clay Whitlow, David L. Wood.

Past Executive Directors Meredith McBurney and Debra Baxter also deserve our deep gratitude.

We also want to thank our COLTAF Honor Roll of outstanding financial institutions printed in this report. All of the banks listed waive service and activity charges on COLTAF accounts. We encourage COLTAF account holders to use these institutions whose generosity results in more funding to organizations serving low-income people with civil legal problems.

Finally, we wish to thank COLTAF grantees. We continually are humbled by the dedication and talent of those working for these organizations. A breakdown of the 1997 grants follows this update.

Thank you to each of you for your past support of COLTAF. We look forward to the promise of the coming year.

HISTORY AND PURPOSE

The Colorado Lawyer Trust Account Foundation (COLTAF) was establiched in 1982 to help fund organizations that meet one or more of these purposes:

  • assist in providing legal sevices to the disadvantaged;
  • improve the delivery of legal services;
  • promote knowledge and awareness of the law in the community; and
  • improve the administration of justice.

COLTAF receives the interest earned on pooled clint trust accounts where the funds are so nominal in amount or are expected to be held for such a short period of time that it is not practical to earn or account for interest on the individual deposits. All client funds in a lawyer's possession must be held in interest-bearing accounts for the benefit of the client or COLTAF.

COLTAF is authorized by the Colorado Supreme Court. A full explanation of a lawyer's responsibility regarding client funds and COLTAF is found in the Colorado Rules of Professional Conduct, Rule 1.15. Questions? Call us at 303-863-7221.

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.

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

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

Arvada
First Federal Savings Bank
Key Bank of Colorado
Norwest Bank

Aspen
Alpine Bank
Norwest Bank

Ault
Farmers Bank

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

Blackhawk
Norwest Bank

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

Brighton
First Federal Savings Bank
Norwest Bank
Valley Bank

Broomfield
Eagle Bank
Norwest Bank

Brush
Equitable Savings & Loan Association
First Security Bank of Brush

Buena Vista
Collegiate Peaks Bank

Burlington
Colorado Community First National Bank

Calhan
Farmers State Bank of Calhan

Canon City
Canon National Bank
Fremont National Bank of Canon City

Carbondale
Alpine Bank Carbondale
Colorado Federal Savings Bank
Norwest Bank

Castle Rock
Castle Rock Bank

Clifton
Alpine Bank - Clifton
Norwest Bank

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

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

Conifer
Colorado Community First National Bank

Cortez
Centennial Savings Bank
First National Bank
Valley National Bank

Craig
Colorado Community First National Bank

Crested Butte
Community Banks of Colorado
First National Summit Bank

Del Norte
Rio Grande County Bank

Delta
Delta Federal Savings, F.S.B.
First Federal Savings Bank
Norwest Bank

Denver
Aurora National Bank DTC
The Bank of Cherry Creek
Citywide Bank of Denver
First Federal Savings Bank
Key Bank of Colorado
Liberty Savings Bank
Norwest Bank
UMB Bank Colorado
Valley Bank
Vectra Bank Southwest
Wells Fargo Bank

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

Eagle
Mountain Bank

Eaton
The Eaton Bank

El Jebel
Alpine Bank

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

Estes Park
First National Bank
Park National Bank
United Valley Bank

Evergreen
Colorado Community First National Bank
Evergreen National Bank
Peak National Bank

Federal Heights
Vectra Bank

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

Fort Lupton
First Security Bank of Fort Lupton

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

Fowler
First National Bank

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

Granby
Liberty Savings Bank

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

Greeley
1st Choice Bank
First National Bank of Greeley
Key Bank of Colorado
Liberty Savings Bank
Norwest Bank
Union Colony Bank

Greenwood Village
First Federal Savings Bank
Norwest Bank

Hayden
Yampa Valley National Bank

Highlands Ranch
First Federal Savings Bank
Norwest Bank

Holyoke
Colorado Community First National Bank
First Security Bank of Fort Lupton
Hotchkiss
First State Bank

Idaho Springs
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

Lafayette
Lafayette State Bank

Lakewood
First Federal Savings Bank
Front Range Bank
Liberty Savings Bank
Norwest Bank

Lamar
Valley State Bank

La Salle
Norwest Bank

Limon
Equitable Savings & Loan
The First National Bank

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

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

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

Loveland
Home State Bank
Key Bank of Colorado

Lyons
Pioneer Bank of Longmont
Valley Bank

Monte Vista
San Luis Valley Federal Savings & Loan Association of Alamosa

Montrose
Centennial Savings Bank
First Federal Savings Bank
First Mountain State Bank
Norwest Bank

Monument
Norwest Bank
Peoples National Bank

Nederland
Peak National Bank

Northglenn
Liberty Savings Bank
Norwest Bank

Ouray
Citizens State Bank of Ouray
First National Bank

Pagosa Springs
Centennial Savings Bank
Citizens Bank of Pagosa Springs

Paonia
Paonia State Bank

Parker
Community Bank of Parker
First United Bank
Norwest Bank

Pueblo
Canon National Bank
First National Bank
Norwest Bank

Rifle
Alpine Bank
Mesa National Bank
Norwest Bank

Security
UMB Bank Colorado

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

Sterling
Equitable Savings & Loan Association
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
North Valley Bank

Trinidad
Century Savings & Loan Association
Colorado Community First National Bank

Walsenburg
First National Bank

Westminster
Citizens Bank
First Federal Savings Bank
Norwest Bank

Wheat Ridge
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

1997 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 1997, COLTAF funded all three categories. In addition, COLTAF funded a grant to Catholic Charities for the provision of administrative and legislative advocacy for the poor.

Legal Services Programs

Colorado Rural Legal Services $254,851
Legal Aid Society of Metropolitan Denver $411,050
Pikes Peak/Arkansas River Legal Aid $156,199
Total $822,100

Discretionary Programs

Advocates Against Domestic Assault $2,280
Arkansas Valley Resource Center $2,880
Community Housing Services $4,200
Domestic Violence Initiative for Women with Disabilities $2,280
Family Crisis Services $2,280
Justice Information Center $6,600
The Legal Center $7,200
Montrose Women's Resource Center $2,280
Project Safeguard $4,800
Pueblo YWCA Family Crisis Center $5,040
Rocky Mountain Children's Law Center $2,280
Tu Casa $2,880
Total $45,000

Local Bar Association Volunteer (Pro Bono) Lawyer Programs

Continental Divide Bar Association $1,800
El Paso County Bar Association $5,000
Larimer County Bar Association $6,600
Mesa County Bar Association $8,400
Ninth Judicial District (Garfield County) $5,000
Northwest Colorado Bar Association $2,100
San Luis Valley Bar Association $5,500
Seventh Judicial District (Uncompaghre) $8,500
Southwest Colorado Bar Association $5,500
Thirteenth Judicial District (Logan County) $4,000
Thursday Night Bar (Bar Associations: Denver, Adams County, Arapahoe County, Douglas County, Aurora and First Judicial District) $6,000
Weld County Bar Association $6,000
Total $64,400

Administrative and Legislative Advocacy

Catholic Charities $93,000
Total $93,000

Financial Statements

Statement of Financial Position
June 30, 1997 (with comparative totals for 1996)

  1997 1996
Assets    
Current Assets    
    Cash 777,540 692,699
    Interest receivable 117,150 121,939
Total current assets 894,690 814,638
Property And Equipment, at cost    
    Equipment 15,073 15,073
    Accumulated depreciation 15,073 15,073
  0 0
Total Assets 894,690 814,638
Liabilities And Net Assets    
Current Liabilities    
     Grant commitments 542,282 542,282
Net Assets 352,408 272,356
Total Liabilities And Net Assets 894,690 814,638

Statement Of Activities
And Changes In Net Assets

  1997 1996
Total Revenue 1,200,173 1,111,868
     Operating expenses 95,621 96,372
     Grants 1,024,500 998,882
Total Expenses 1,120,121 1,095,254
Change in Net Assets 80,052 16,614
Net Assets, beginning 272,356 255,742
Net Assets, ending 352,408 272,356

Board of Directors and Officers, 1996-97

H. Barton Mendenhall, President: Rocky Ford - Partner, Mendenhall & Malouff, appointed by the Colorado Bar Association

Deanna E. Hickman, Vice President: Englewood - Arapahoe County District Court Judge, appointed by the Colorado Bar Association

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

Frank J. Brainerd, Treasurer: Englewood - Attorney, elected by the COLTAF membership

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

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

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

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

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

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

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

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

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

Robert A. Schuetze: Boulder - Partner, Purvis, Gray, Schuetze & Gordon, appointed by the Colorado Bar Foundation

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

Staff

Lynn Cannon, Executive Director
Wendy Gossett, Associate Director
Vicki Capek, Administrator
Barbara Masoner, Administrative 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.

© 1997 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=1997.


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