IOLTA
IOLTA Grants “Special Award” for 2024
The Tennessee Bar Foundation has the pleasure of making a second announcement of grant awards for calendar year 2024. In addition to the annual, application driven IOLTA (Interest On Lawyers’ Trust Accounts) grants announced earlier in January a “special award” of $1,000,000 of IOLTA funds will be shared, on a poverty population basis, by Tennessee’s…
Read More$2,000,000 Awarded from Tennessee IOLTA Program for 2024
The Tennessee Bar Foundation announces awards that total $2,000,000 from the IOLTA (Interest On Lawyers’ Trust Accounts) program to law-related organizations across the state. This grant amount for 2024 is the largest in the 36-year history of IOLTA in Tennessee and is a result of higher interest rates paid by financial institutions on the funds…
Read MoreIOLTA program welcomes participation by Tennessee credit unions
Rules amendments ordered by the Tennessee Supreme Court now allow lawyers to establish IOLTA trust checking accounts at eligible credit unions. The Foundation is contacting Tennessee credit unions to educate them about the program and about the law-related community organizations supported by IOLTA grants. Lawyers should watch the list of Eligible Financial Institutions (here) for…
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