This sentiment isn’t unique to the Legal Services however it is time to take a moment to see the effect of the economy on legal service provision in South Carolina.
In July 2007: Monthly IOLTA revenues at all time high; currently they are 80% lower than peak. Last year, 96% of Foundation support came from IOLTA.
In the current grant cycle (July 1, 2008 to June 30, 2009), originally the SC Bar Foundation awarded $5.4 million to legal service providers. Mid-year cuts resulted in $4.0 million in awards, a reduction of $1.4 million. Due to the unprecedented loss sustained by grantees, the SC Bar Foundation decided to utilize $1.5 million in reserve funds to prevent further reductions to current grantees.
What can you do?
Please consider donating to the South Carolina Bar Foundation which is a 501(c)3 Public Charity. The SC Bar Foundation is the charitable arm of the South Carolina Bar.