IOLTA grant funds are generated entirely from interest earned on certain pooled trust accounts held by Iowa lawyers. Lawyers practicing law in Iowa are required by court order to deposit clients' funds the lawyers hold in interest-bearing accounts. When the funds involved are so small in amount or held for such a brief period of time that it is not possible for the funds to economically benefit the individual client, court rules require that lawyers deposit the funds in pooled interest-bearing trust accounts.
Since the start of the IOLTA program in July of 1985, more than $24.6 million has been awarded to organizations that are either assisting low-income Iowans with civil legal problems or involved in law-related education projects. The Iowa Supreme Court approved $432,489.64 in grants to nonprofit programs that provide legal assistance to low-income Iowans with civil legal problems for fiscal year 2019.
Current grantees can be seen at https://www.iowacourts.gov/opr/iolta-grants/iolta-grants/.
In the 30-year history of the IOLTA program, the supreme court has awarded most of the grants to organizations that assist low-income Iowans with civil legal problems such as divorce, domestic abuse, unsafe housing, and illegal evictions. The court has also presented grants to law-related education projects. IOLTA grants do not support criminal legal defense.
The Commission desires to make the best use of IOLTA funds and obtain maximum effect from each grant.
The following guidelines, with exception where necessary, will be used to assist in the grant decision-making process:
Eligible applicants are Iowa non-profit organizations.
Applications were to be submitted by January 31, 2022. A similar deadline is anticipated annually.
Award amounts vary based on scope and size of projects. The Commission favors challenge grants, or other types of fund-matching arrangements to leverage IOLTA money.