What is the Law Foundation?
The Law Foundation is a body that grants
funds to many different groups for projects
connected with the law. It was established in
1976 by a Nova Scotia statute, on the recommendation
of the lawyers in the province.
Where does the grant money come from?
The Law Foundation's funds are derived from
the interest earned on lawyers' general trust
accounts. If you purchase a house through a
lawyer, or carry out other business through a
lawyer's office, your lawyer will frequently
hold your money in trust. It your money is being
held for a short time, it may be placed in your
lawyer's general trust account, and the interest
on your money will be paid to the Law
30 (1), (2) and (3) of the Legal Profession Act state,
member of the Society shall hold in trust money
or property received in trust for a client or
(2) Money held in trust pursuant to subsection
(1) shall be deposited to an interest-bearing
account at a financial institution approved by
the Council and at an interest rate approved by
the Law Foundation.
(3) A financial institution holding trust funds
pursuant to subsection (2) shall remit the
interest earned on those funds, less any charges
or fees for the operation of the account, to the
Law Foundation semi-annually in April and
October of each year.”
Financial institutions paid no interest on
these accounts before the Law Foundation was
established. The Foundation has agreements with
approved financial institutions respecting the
rates of interest to be paid and the procedure
to be followed when remitting interest.
Is the money used for anything other
than law related projects?
In 1981, the Law Foundation established a
trust for the payment of scholarships to
students enrolled in the Bachelor of Laws
program at Schulich School of Law at Dalhousie University in Halifax, Nova
Scotia. In 2000, the Foundation established a
trust to provide fellowships and research
support to Schulich School of Law at Dalhousie University post graduate
students at the Masters and Doctoral levels.
Information and application forms for
scholarships and fellowships can be obtained
from the Admissions Office, Schulich School of Law at Dalhousie University, (902) 494-2068.