Foundation takes in nearly $9.5 million in its first year operating under new rules
Foundation President Suzanne Van Wyk
The Florida Bar Foundation received $9,498,804.89 in IOTA collections during its first fiscal year under new rules set by the Florida Supreme Court.
In accordance with the amendments to Bar Rule 5.1-1(g)(8), the Foundation will, on or before December 31, distribute to one or more qualified grantee organizations all IOTA funds collected during Fiscal Year 2021-22, except for direct expenses required to administer the IOTA funds, funds required to fund the Loan Repayment Assistance Program, and an additional reserve amount if requested by the Foundation and approved by the Supreme Court.
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