News

2012 Annual Report now posted

Thursday, September 06, 2012

The Alberta Law Foundation Annual Report 2012, as well as the audited financial statements for the year ended March 31, 2012 are now posted on the ALF web site under the Annual Report tab. In 2011-12, the Foundation Directors approved 92 of 96 grant applications. In its fiscal year ended March 31, 2012, the Foundation received over $12 million from interest on lawyers' pooled trust accounts, over $2 million from investments, and $80,000 in unclaimed trust balances from the Law Society of Alberta. In the same period, the Foundation's new commitments to grantees and Legal Aid Alberta totaled over $24 million. The allocation to Legal Aid was $9 million reflecting the first 2 years of a 3-year commitment to increase ALF contributions to Legal Aid beyond the statutory requirement.