The Colorado Lawyer Trust Account Foundation (COLTAF) is a non-profit organization based in Denver, CO that administers the state's Interest on Lawyers Trust Accounts (IOLTA) program. Established in 1982 by the Colorado Supreme Court, COLTAF utilizes the interest earned on lawyers' pooled trust accounts to enhance access to civil justice, providing essential funding for civil legal aid programs, pro bono initiatives, domestic violence programs, and other justice-related endeavors.
Through its partnership with the banking community, COLTAF ensures that lawyers' COLTAF accounts are maintained at its Leadership Banks, which offer a premium rate of return on deposits, maximizing resources for civil legal aid in Colorado. Over the years, COLTAF has made grants exceeding $50 million, with approximately 80% of the funds benefiting federally-funded legal aid programs in the state.
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