MINUTES – January 10, 2002

THE WEST VIRGINIA BAR FOUNDATION, INC.

BOARD OF DIRECTORS MEETING

STATE BAR CENTER – CHARLESTON

The meeting of the West Virginia Bar Foundation’s Board of Directors was called to order by President Cheryl Henderson on January 10, 2002 at the State Bar Center in Charleston.

Members of the Board in attendance were Bill File and Heather Heiskell Jones. Participating by telephone conference call were Dean John Fisher, Claudia Bentley, Lisa Rose, Howard Persinger and James Companion. State Bar Executive Director Tom Tinder was also present.

The first item on the Agenda was a review of the Minutes of the last Board of Directors Meeting which was held on October 18, 2001. A motion was duly made, seconded and passed that the Minutes be approved as presented.

President Henderson then asked for a report from the IOLTA Advisory Board. There were comments made about the amount of funds available for distribution. After some comments were made, a motion was duly made, seconded and passed to distribute $250,500 with $100,000 going to the legal services programs and $150,500 being distributed through the regular percentage process to both the legal services programs and the special grantees.

There were also comments made about the reduction in interest rates for the IOLTA Program and increase in fees being charged by financial institutions. There were comments made about an incentive program to encourage greater participation by law firms and by banks. The Board decided to wait for a specific proposal from the IOLTA Advisory Committee before taking action on this matter.

The next item on the Agenda was a financial report. Documents were distributed to the Board members providing the financial report for the first six months of the fiscal year – July 1, 2001 to December 31, 2001. After some comments were made, a motion was duly made, seconded and passed that the financial report be approved as presented.

President Henderson then led a discussion concerning the Foundation Fellows Program. Contacts have been made with some of the Fellows and everyone has accepted so far. It was agreed that the Fellows would be divided up for contacts by Board members to encourage participation at the Foundation Fellows Dinner that will be held on May 2, 2002 at the Marriott Hotel in Charleston.

The next item for discussion related to the ALPS de-mutualization. It was reported that more than $46,000 has been donated already by ALPS subscribers. An additional request was made in December, 2001 by the Officers of the State Bar and of the Bar Foundation. These funds will be paid to the Bar Foundation and then forwarded to the WVU College of Law for the Minority Student Scholarship Program.

The next item on the Agenda related to the Citizen of the Year and Lawyer of the Year Awards. So far, there have been three citizens and two lawyers nominated for these awards. The deadline date is January 31, 2002. A decision on the persons to receive these awards will be made at the next meeting of the Board of Directors.

Under the topic of Other Business, President Henderson reported on a request that has been received from the State Bar’s Commission on Children and the Law to handle a $10,000 grant which will be received from the Benedum Foundation. After some comments were made, a motion was duly made, seconded and passed that the Bar Foundation would agree to serve as the conduit for these funds.

President Henderson then announced that the next meeting of the Board of Directors would be on March 28, 2002 at the State Bar at 12:00 noon.

There being no further business to transact, the meeting was adjourned.