 | The Colorado Lawyer
November 2004
Vol. 33, No. 11 [Page 51] |
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Features
COLTAF 2003-2004 Annual Report
To Our Members and Friends:
As I conclude my fifth year on the COLTAF Board and my second year as Board President, I want to thank everyone involved for their support and commitment as we faced difficult challenges. When my term began, interest rates were at an all-time high, and therefore we were able to disburse more money than we ever had before. However, in just a few short years, interest rates have plummeted to record lows and COLTAF has been faced with hard decisions. It has been a roller coaster ride, for sure. Last year we were faced with the prospects of a court ruling that would have had an adverse effect on the program. Fortunately, the United States Supreme Court upheld the constitutionality of these programs.
This year we maintained the status quo in terms of the economy and the amount of money that COLTAF was able to grant. The economy seems to be picking up in other parts of the country faster than it is in Colorado. We are getting bits of information, indicating that a turn-around is near, but interest rates continued to fall slightly during this period, resulting in less revenue than last year. Since COLTAF’s income is dependent on interest rates, a fraction of a percentage point, which may seem very insignificant, can make a huge difference with these pooled funds. We continue to be optimistic that interest rates will soon start heading up.
Based on the revenue available, the Board voted to fund programs at the same level as last year, knowing that most of them were feeling the effects of the economy as well. We distributed a total of $900,000 to programs that provide civil legal assistance to low-income people statewide. Unfortunately, it is almost certain that COLTAF will not be able to fund programs at the same level in the upcoming year, and this decreased funding will make it difficult for our primary grantees. COLTAF continues to investigate possible amendments to Rule 1.15, which could enhance revenue. Other states have implemented such provisions, and COLTAF will be keeping a close eye on the data collected by these states to determine if Colorado should consider similar measures.
We appreciate the banks that demonstrate their community leadership by continuing to pay higher interest rates and not charging remittance fees to COLTAF, nor service charges or activity charges to account holders. We encourage attorneys to hold their accounts at these Honor Roll banks, or to work with other banks to bring them to this distinguished status. COLTAF funds play a vital role in our communities and we thank all banks that support this endeavor.
I would like to thank our Board members for their service, their leadership and participation on committees, and their commitment to ensuring legal assistance for those less fortunate. I would also like to extend my sincere thanks and appreciation to our dedicated staff, Maryan Sneed, Vicki Capek and Debbie Gallegos who took on increased responsibilities this spring and summer to ensure that COLTAF continued to run smoothly while we search for and hire a new executive director.
I am honored to have served as COLTAF’s Board President and to have worked with all the dedicated people involved. I look forward to another year on the Board, and the leadership of our incoming Board President, David Butler.
Sincerely,
Kirsten M. Kurath, President
What is COLTAF?
The Colorado Lawyer Trust Account Foundation (COLTAF) was established in 1982 to help fund organizations that meet one or more of these purposes:
• assist in providing legal services 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 client 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, e-mail us at coltaf@legalaidfoundation.org, or visit our website at www.coltaf.org.
HONOR ROLL BANKS
COLTAF gratefully acknowledges the Honor Roll banks for their support and community leadership. The Gold Honor Roll banks pay an average interest rate of 1.50% and higher, and Silver Honor Roll banks pay 1% to 1.49% on COLTAF accounts (as of June 30, 2004). In addition, these banks do not charge service charges or activity charges to account holders, nor remittance fees to COLTAF.
GOLD HONOR ROLL
Air Academy National Bank Bank West Colorado State Bank & Trust (all branches) First United Bank (all branches) Pine River Valley Bank UMB Bank of Colorado (all branches) WestStar Bank (all branches)
SILVER HONOR ROLL
Bank of Durango Castle Rock Bank Community Banks of Colorado (all branches) Community First National Bank (all branches) Heritage Bank (all branches) New Frontier Bank Peak National Bank—Nederland Pueblo Bank & Trust (all branches) Rio Grande Savings & Loan (all branches) Wells Fargo Bank (all branches)
COLTAF accounts must be maintained in financial institutions approved by the Colorado Supreme Court Attorney Regulation Counsel. A financial institution will only be approved if it agrees to provide written overdraft notification to the Regulation Counsel. Please refer to our web site (www.coltaf.org) for a complete listing of approved banks.
Colorado attorneys can help increase resources for legal services to low-income persons by (a) encouraging the financial institution in which they maintain their COLTAF and other accounts to increase the net interest paid, or (b) depositing their COLTAF funds in financial institutions which pay higher net yields on these accounts. Please contact our office at (303) 863-7221 for current interest rate and fee information.
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2003–2004 COLTAF Grant Awards
COLTAF was pleased to provide $900,000 in funding to these 28 highly deserving organizations. We take great pride in being able to support their worthwhile efforts.
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Legal Services Program Grant – $700,000
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COLTAF disbursed $700,000 to Colorado Legal Services. In 2003 the program provided civil legal assistance to approximately 6,000 low-income individuals and families throughout the state of Colorado. Increasing demands for civil legal assistance made our role of granting funding to this program even more critical. |
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Administrative & Legislative Advocacy Grant – $100,000
| The Colorado Center on Law and Policy (CCLP) engages in multi-forum advocacy for low-income residents. Federal laws and regulations prohibit legal services offices in Colorado from engaging in these activities. |

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Pro Bono Programs - $70,000
COLTAF funding for the Pro Bono programs, like the Discretionary programs, remained the same this year. Grants totaling $70,000 were made available to 15 programs. These programs are state-wide with varying economies and populations. From the rural communities to the metropolitan areas, the common thread is that all of the clients are poor and can’t afford legal assistance.
Every case does not require representation in court. Sometimes counseling, informational presentations and printed hand-outs can address the problem. Pro se clinics are proving to be a great asset where they are available.
Pro Bono service is not required in Colorado. Volunteer attorneys provide personal time and commitment. The only compensation they receive is the knowledge that they are making a difference in someone’s life … and in their community.
The following programs received Pro Bono grants:
Boulder County Legal Services $ 2,000 Delta County Bar Association $ 2,000 El Paso County Bar Association $ 5,500 Garfield Legal Services $ 6,000 Larimer County Bar Association $ 6,500 Mesa County Bar Association $ 5,250 Metro Volunteer Lawyers $ 6,000 Northeast Colorado Legal Services $ 5,000 NW Colorado Legal Services—Dillon $ 1,500 NW Colorado Legal Services—Gunnison $ 750 NW Colorado Legal Services—Steamboat $ 2,000 San Luis Valley Bar Association $ 5,500 Southwest Colorado Bar Association $ 4,000 Uncompahgre Volunteer Legal Aid $ 9,500 Weld County Legal Services $ 8,500
Total Pro Bono Grants $70,000
Discretionary Grants - $30,000
This past year the sluggish economy continued to impact interest rates on COLTAF accounts. The funding available for Discretionary Grants remained virtually the same as the previous funding cycle, which was $30,000. Eleven programs, all prior grantees, were invited to re-apply for funding. All of the programs receiving funding support safe havens for children and victims of domestic abuse and sexual assault. Assistance with civil restraining orders and legal advocacy services for the victims were the primary requests for projects to be funded.
The grantees represent all geographical areas of the state. They range from isolated rural communities to mid-size towns and larger metropolitan areas. Regardless of their size or location, they all have one thing in common— advocating for victims of domestic violence.
Advocates against Battering & Abuse, Steamboat Springs -Awarded $2,900 to assist with civil restraining orders for victims of domestic violence and sexual assault. Serves Routt County.
Advocates Against Domestic Assault, Trinidad -Awarded $3,240 to maintain and increase advocacy services of victims of domestic violence and sexual assault. Serves Trinidad and 11 isolated communities in Las Animas and Huerfano Counties.
Advocates Crisis Support Services, Craig -Awarded $2,040 for a civil restraining order project. Serves Moffat County.
Alternatives to Violence, Loveland -Awarded $3,000 for Court Liaison Program. Serves Larimer County.
Arkansas Valley Resource Center, Inc., La Junta -Awarded $2,700 for legal advocacy services.for victims of domestic violence. Serves Bent and Otero Counties.
Crossroads Safehouse, Inc., Fort Collins -Awarded $2,900 to assist with cell phone costs for Domestic Abuse Response Team (DART). Serves Larimer County.
Domestic Violence Initiative for Women with Disabilities, Denver -Awarded $3,000 for court advocacy for families living with disabilities due to domestic or caregiver abuse. Serves metropolitan area.
Family Crisis Services, Inc., Cañon City -Awarded $2,100 for legal advocacy services. Serves Fremont and Custer Counties.
Pueblo YWCA Family Crisis Shelter, Pueblo -Awarded $3,260 for legal advocacy program. Serves Pueblo County.
Tri-County Resource Center, Montrose -Awarded $2,280 for legal advocacy program. Serves Montrose, Delta and Ouray Counties.
Tu-Casa, Inc., Alamosa -Awarded $2,580 for legal advocacy project. Serves the San Luis Valley.
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STAFF
Maryan Sneed, Interim Director Vicki Capek, Administrator Debra Gallegos, Administrative Assistant COLTAF shares staff with the Legal Aid Foundation of Colorado.
Address: 1900 Grant Street, Suite 1112 Denver, Colorado 80203-4309 Phone: 303-863-7221 • Fax: 303-861-5274 • E-mail: coltaf@legalaidfoundation.org • Website: www.coltaf.org |
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2003-2004 BOARD OF DIRECTORS
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Kirsten M. Kurath, President
Williams, Turner & Holmes, Grand Junction Elected by COLTAF
David Butler, Vice-President Holland & Hart, Denver Colorado Bar Association Appointment
Annita M. Menogan, Secretary Coors Brewing Company, Golden Colorado Bar Association Appointment
Andy Martin, Treasurer Littleton Elected by COLTAF |
Deborah R. Adams
Sole Practitioner, Colorado Springs Colorado Bar Association Appointment |
Jonathan D. Asher
Colorado Legal Services, Denver Legal Services Programs Appointment
James B. Boyd Pitkin County Courthouse, Aspen Colorado Bar Association Appointment
John W. Dunn Dunn & Causey, Avon Colorado Bar Foundation Appointment
Sandra H. Gardner Sole Practitioner, Craig Colorado Bar Association Appointment
Walter W. Garnsey, Jr. Kelly | Haglund | Garnsey + Kahn LLC, Denver Elected by COLTAF |
Danielle Z. Johnson
Fort Collins Elected by COLTAF
Robert J. Mack Colorado Springs City Attorney’s Office, Colorado Springs Elected by COLTAF
Elizabeth J. McNamee Davis, Graham & Stubbs, Denver Elected by COLTAF
Drew Moore Sole Practitioner, Grand Junction Colorado Bar Association Appointment
Jon R. Sorensen Wells Fargo Bank, Denver Elected by COLTAF |
FINANCIAL STATEMENTS*
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Statement of Financial Position June 30, 2004 (with comparative totals for 2003)
ASSETS
2004 2003
Current Assets
Cash $785,676 $834,755 Interest receivable 89,099 90,896 Total current assets 874,775 $925,651
Property and Equipment, at cost
Equipment 8,690 8,690 Accumulated depreciation 6,677 5,332 2,013 3,358 Total Assets $876,788 $929,009
Liabilities And Net Assets
Current Liabilities
Grant commitments $675,000 $700,000
Net Assets
Unrestricted operating 101,788 129,009 Board designated 100,000 100,000 201,788 229,009
Total Liabilities and Net Assets $876,788 $929,009 |
Statement of Activities And Changes in Net Assets
2004 2003
Total Revenue $969,686 $1,007,703
Expenses
Operating expenses 121,907 121,602 Grants 875,000 853,000 Total Expenses 996,907 974,602
Change in Net Assets (27,221) 33,101
Net Assets, beginning 229,009 195,908
Net Assets, ending $201,788 $229,009
* -These figures have been reviewed by Ginsburg, Cohen & Company. |
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© 2004 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=2004.
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