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Contact: Andrew Rush
Director, Media Services & Public Affairs
arush@nysba.org
518/487-5530
May 13, 2008
BAR ASSOCIATION’S BUSINESS LAW SECTION MAKES
$20,000 GIFT TO HELP THOSE STRUGGLING WITH FORECLOSURES
The Gift Will Fund Law-Related
Projects Aimed at Helping Consumers in Need
The New York Bar Foundation has received a gift of
$20,000 from the Business Law Section of the New York State Bar
Association to provide grants to nonprofit organizations for programs
that assist consumers facing financial hardship due to actual or
potential foreclosures on their homes, personal bankruptcy, and related
matters. The Business Law Section Fund will provide grant awards to
nonprofit organizations in New York.
James W. Orband (Hinman Howard & Kattell, LLP,
Binghamton), chair of the Business Law Section, said, “The
officers and members of the Business Law Section are pleased to make
this contribution to The New York Bar Foundation so that funding will be
provided for programs assisting struggling consumers facing the
difficult prospect of losing their homes or filing for
bankruptcy. Consumers have a need to
understand their legal rights and we anticipate that programs, funded
through this gift, will avail them every opportunity to actively
participate in the court process.”
John R. Horan, president of The Foundation said,
“We are grateful to the Business Law Section for its generous
contribution to The New York Bar Foundation. Individuals and families,
overwhelmed by mounting financial pressures from foreclosures and
consumer debt, frequently do not know where to turn for help. The
Foundation anticipates that the nonprofit organizations awarded grants
from The Business Law Section Fund will bring much-needed support and
legal assistance to those seeking help during this crisis. The section
is acting in the finest tradition of the organized bar as we work
together to serve New York's legal profession, the justice system and its
communities.”
Nonprofit organizations
in New Yorkare
encouraged to apply for funding through The Foundation’s grant
application process. Grant applications
are available online at www.tnybf.org. The next deadline for grant
applications is October 15, 2008. Completed applications should be
mailed to The New York Bar Foundation, One Elk
Street , Albany ,
NY 12207.
The Business Law Section, with a membership of
approximately 4,500, is one of the largest sections of the New York
State Bar Association. Its members consist of attorneys whose practice
involves some aspect of commerce or finance although the focus of the
practice of the members is quite diverse – ranging from securities
to consumer finance. To accommodate this breadth of practice, the
section is composed of nine committees which offer the practitioner with
commercial clients’ information in such diverse areas as:
Bankruptcy, Banking, Corporations Law, Consumer Finance, Franchise
Distribution and Licensing, Derivatives and Structured Products,
Insurance, Securities Regulation and the constantly evolving area of
Information and Technology Law. The Business Law Section has been in the
forefront of introducing, monitoring and evaluating legal developments
in the areas of business and finance on both federal
and New Yorkstate
levels.
According to Horan, The New York Bar Foundation is
dedicated to aiding charitable and educational projects to meet the
law-related needs of the public and the legal profession. This year, the
Foundation has awarded almost $300,000 in 35 grants to fund law-related
programs and anticipates awarding additional grants in June. The work of
The Foundation is made possible through the contributions of lawyers,
law firms, corporations and others. Go to www.tnybf.org to make an
online contribution to support the work of The Foundation.
For further information about The New York Bar
Foundation, contact Rosanne Van Heertum, director of development, at
518/487-5650 or rvanh@tnybf.org.
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