On March 31, the Law Foundation of BC announced that it was reducing its grant budget from $19.6 million in 2013 to 16 million for 2014.This difficult decision was primarily in response to low interest rates.
The Law Foundation explained that it was a difficult decision that was made after serious discussion and consideration of the principles developed by the Board in 2012. Those principles are that the Law Foundation will:
- fulfill its statutory mandate;
- remain a stable and effective organization;
- produce the greatest value for the poor;
- recognize the importance of delivering services to disadvantaged people;
- give a direct benefit to the public of Foundation funding;
- provide maximum benefit to British Columbia;
- minimize harm to grantees as much as possible; and
- take into account alternate funding that may be available to grantees.
The Law Foundation gave priority to ongoing programs and services, but still had to make significant reductions to continuing programs. The Law Foundation emphasized that these cuts are not anticipated to be “temporary or one year measures.” Grantees were advised to adjust their 2015 budget requests accordingly.