 | The Colorado Lawyer
October 1997
Vol. 26, No. 10 [Page 71] |
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© 1997 The Colorado Lawyer and Colorado Bar Association. All Rights Reserved.
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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.
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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.
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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.
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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
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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
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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)
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1997 |
1996 |
| Assets |
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| Current Assets |
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| Cash |
777,540 |
692,699 |
| Interest receivable |
117,150 |
121,939 |
| Total current assets |
894,690 |
814,638 |
| Property And Equipment, at cost |
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| Equipment |
15,073 |
15,073 |
| Accumulated depreciation |
15,073 |
15,073 |
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0 |
0 |
| Total Assets |
894,690 |
814,638 |
| Liabilities And Net Assets |
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| Current Liabilities |
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| 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
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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.
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© 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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