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II. FINANCIAL POLICIES

A. Access to Justice Program Endowment and Operating Funds
Unless otherwise directed, all funds received by the Louisiana Bar Foundation (LBF)
designated for the Access to Justice (ATJ) Program Fund shall be dedicated as follows:
1. The equivalent of 36.5% of funds received in a calendar year shall be available
in the ATJ Fund operating account for grants and administrative expenses;
2. The equivalent of 63.5% of funds received in a calendar year shall be deposited
into the ATJ Endowment Fund to be invested in accordance with the LBF
Investment Policy; and
3. The exception to the allocations set forth above shall be solely for the calendar
years 2005 through 2008, when 100% of the funds shall be available in the ATJ
Fund operating account for grants and administrative expenses so as to seed
certain components of the initial phases of statewide planning.

The purpose of this allocation shall be to enable the ATJ Program to make periodic
distributions to promote the administration of justice and to be of benefit to the greater
Louisiana Justice Community, including, but not limited to, monetary awards to legal
service providers. At the same time, the ATJ Program is committed to building an
endowment to secure the long-term financial health of the Louisiana Justice
Community. Thus, in the event that the funds available for grants remain unused in any
given year, they shall be returned to the endowment account.

If the LBF, through its Board of Directors, determines that distributions to the ATJ
Fund have become unnecessary, obsolete or incapable of fulfillment, the Foundation
may re-designate the dedication of funds in keeping with the philanthropic intent of the
donor(s).

All distributions from the ATJ Fund will be made by the LBF, through its Board of
Directors, in accordance with the general and charitable purposes as set forth in the
Foundation’s policies and bylaws.

B. Accounting Method
It is the policy of the Louisiana State Bar Association to utilize the accrual basis of
accounting that recognizes revenues when they have been earned and expenses when
they have been incurred.

C. Audited Financial Statements
It is the policy of the LSBA to distribute audited financial statements to the Board of
Governors. The decision to publish the statements or otherwise make them available to
the membership shall be made by the Board at its meeting at which the statements are
distributed.

The authority to distribute the audited financial statements to other individuals and/or
organizations shall be at the discretion of the Treasurer or Executive Director.

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