Nev. Sup. Ct. R. 216

1. The board of governors, with the approval of the supreme court, shall designate a tax-exempt bar foundation for the purposes of providing legally related services to the poor, to the victims of domestic violence, and to children protected by or in need of protection of the juvenile court; promoting or providing law-related educational programs for members of the public; and providing similar programs which qualify for tax-exempt status by the United States Internal Revenue Service under I.R.C. section 501(c)(3) or any additions thereto or amendments thereof. To carry out these purposes, the bar foundation may utilize the income accrued from interest-bearing client’s trust accounts (IOLTA funds) as authorized by Rules 216 through 221, and as the supreme court may otherwise order.

(a) Ninety-six percent of IOLTA funds, after adequate reserves (as approved by the supreme court) and reasonable expenses, shall be disbursed to civil legal service providers approved by the Access to Justice Commission for the purposes of providing legally related services to the poor, to victims of domestic violence, and to children protected by or in need of protection of the juvenile court. The remaining four percent of IOLTA funds shall be spent as the bar foundation deems appropriate, keeping in mind the purpose set forth in this rule.

(b) Among factors to be considered in disbursing the funds should be the geographic origin of the funds.

2. The governing body of the designated bar foundation shall be composed of 11 members; 7 of whom shall be members in good standing of the state bar. The court shall appoint 6 members and the state bar shall appoint 5 members. The members of the bar foundations’ governing body shall not be members of the governing body or employees of grantee organizations.

3. The terms of office of the members of the governing body of the bar foundation shall be staggered. Each member shall be appointed for a term of 2 years, commencing July 31. No member may serve on the governing body for more than a lifetime total of 8 years. The time served in filling a partial term created by a vacancy shall not be included in computing the 8-year lifetime limit.

4. Vacancies on the governing body of the bar foundation shall be filled by the original appointing entity by appointment.

5. The bar foundation shall provide, at least annually, to the board of governors and to the court, a report of its activities.