Mississippi Bar Foundation Inc

Organization Overview

Mississippi Bar Foundation Inc is located in Jackson, MS. The organization was established in 1964. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mississippi Bar Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 07/2022, Mississippi Bar Foundation Inc generated $667.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (25.2%) each year. All expenses for the organization totaled $562.2k during the year ending 07/2022. You can explore the organizations financials more deeply in the financial statements section below.

Since 2015, Mississippi Bar Foundation Inc has awarded 86 individual grants totaling $6,388,244. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

IMPROVE THE ADMINISTRATION OF JUSTICE BY PROVIDING SUPPORT FOR LEGAL SERVICES TO THE POOR AND NEEDY

Describe the Organization's Program Activity:

Part 3 - Line 4a

INTEREST ON LAWYERS TRUST ACCOUNT PROGRAM (IOLTA): THE FOUNDATION GAVE 9 GRANTS FOR $150,000 IN THE CATEGORIES OF LEGAL AID TO THE POOR, LAW-RELATED EDUCATION, AND IMPROVEMENTS IN THE ADMINISTRATION OF JUSTICE. RECIPIENTS INCLUDED: GULF COAST CENTER FOR NONVIOLENCE; MISSISSIPPI CENTER FOR JUSTICE; MISSISSIPPI CENTER FOR LEGAL SERVICES; MISSISSIPPI VOLUNTEER LAWYERS PROJECT; NORTH MISSISSIPPI RURAL LEGAL SERVICES; THE MISSISSIPPI BAR- LAWYERS AND JUDGES ASSISTANCE PROGRAM; THE MISSISSIPPI BAR-PUBLIC INFORMATION COMMITTEE; THE MISSISSIPPI BAR-YOUNG LAWYERS DIVISION (LAW-RELATED PROGRAM); AND THE UNIVERSITY OF MISSISSIPPI CHILD ADVOCACY CLINIC. THE IOLTA PROGRAM PROVIDED FUNDING TO THE LOAN REPAYMENT ASSISTANCE PROGRAM (LRAP) TO ASSIST LAW SCHOOL GRADUATES PURSUE A CAREER IN PUBLIC INTEREST AND SERVE THE POOR OR UNDERSERVED POPULATIONS THROUGH DIRECT LEGAL SERVICES ($7,500). 2 ATTORNEYS EMPLOYED BY IOLTA GRANTEES RECEIVED FINANCIAL ASSISTANT WITH THEIR LAW SCHOOL LOANS (AS APPROVED BY THE BOARD). BANK OF AMERICA MORTGAGE SETTLEMENT (BOA): THE FOUNDATION GAVE FUNDS FROM THE BOA SETTLEMENT TO 4 GRANTEES TO ASSIST WITH FORECLOSURE PREVENTION, COMMUNITY REDEVELOPMENT AND HEIRS PROPERTY PROGRAMS RECIPIENTS INCLUDED: MISSISSIPPI CENTER FOR JUSTICE; MISSISSIPPI CENTER FOR LEGAL SERVICES; MISSISSIPPI VOLUNTEER LAWYERS PROJECT; AND NORTH MISSISSIPPI RURAL LEGAL SERVICES.


FELLOWS- GRANTS AND SCHOLARSHIPS: GRANTS: A GRANT FOR $3,500 TO THE MISSISSIPPI BAR- 2022 CONVENTION AND A GRANT FOR $5,000 TO THE MISSISSIPPI BAR- PUBLIC INFORMATION COMMITTEE. THESE GRANTS WERE APPROVED BY THE EXECUTIVE COMMITTEE OF THE BOARD. SCHOLARSHIPS: 4 SCHOLARSHIPS FOR $2,000 EACH TO TWO LAW STUDENTS AT MISSISSIPPI COLLEGE SCHOOL OF LAW AND TWO LAW STUDENTS AT THE UNIVERSITY OF MISSISSIPPI SCHOOL OF LAW. THESE SCHOLARSHIPS WERE APPROVED BY THE BOARD.


ANNUAL MEETING AND FELLOWS DINNER AT CONVENTION: THE ANNUAL MEETING WAS HELD VIRTUALLY IN CONJUNCTION WITH THE FELLOWS INDUCTION CEREMONY AND MEMORIAL SERVICE RECOGNIZING ALL FELLOWS THAT HAVE PASSED AWAY DURING THE YEAR FOR THEIR CONTRIBUTION TO THE PUBLIC AND PROFESSION. THE PRESENTATION OF THE FOUNDATION'S PROFESSIONALISM AWARD AND LAW-RELATED PUBLIC EDUCATION AWARD WERE HIGHLIGHTS OF THE MEETING. THE AWARD WINNERS AND NEWLY INDUCTED FELLOWS WERE HONORED DURING THE MBF FELLOWS DINNER HELD IN FLORIDA AT THE MB CONVENTION. KIDS' CHANCE OF MISSISSIPPI SCHOLARSHIP (KIDS' CHANCE): $20,000 GRANTS KIDS' CHANCE WAS ESTABLISHED TO PROVIDE CHILDREN WHO HAVE HAD A PARENT PERMANENTLY AND TOTAL DISABLED ON THE JOB WITH SCHOLARSHIPS TO ATTEND VOCATIONAL/TECHNICAL SCHOOL OR COLLEGE.


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Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$469,408
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$469,408
Total Program Service Revenue$13,125
Investment income $11,732
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $157,584
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $667,766

Grants Awarded

Over the last fiscal year, Mississippi Bar Foundation Inc has awarded $187,399 in support to 9 organizations.

Grant RecipientAmount

NORTH MISSISSIPPI RURAL LEGAL SERVICES

Org PageRecipient Profile

Oxford, MS

PURPOSE: FURTHER THE MISSION

$51,814

MB- LAWYERS AND JUDGES ASSISTANCE PROGRAM

PURPOSE: FURTHER THE MISSION

$40,226

MISSISSIPPI CENTER FOR LEGAL SERVICES

Org PageRecipient Profile

Hattiesburg, MS

PURPOSE: FURTHER THE MISSION

$31,406

MISSISSIPPI CENTER FOR JUSTICE

PURPOSE: FURTHER THE MISSION

$14,757

MISSISSIPPI VOLUNTEER LAWYER PROJECT

Org PageRecipient Profile

Jackson, MS

PURPOSE: FURTHER THE MISSION

$13,228

THE MISSISSIPPI BAR- YOUNG LAWYERS DIVISION

PURPOSE: FURTHER THE MISSION

$12,134
View Grant Profile

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