College Columns May 2019 - Page 8

There is confusion among some Fellows about how the College and the ACB Foundation are funded and how they spend the funds that they collect. For example, I was told by one Fellow that he didn’t intend to contribute to the Foundation because his big law firm did. Wrong. While the Foundation does receive funds from the College (which receives significant funding from employers), the bulk of the Foundation’s funding comes from tax-deductible contributions from individual Fellows. Indeed, almost 70% of the Fellows contributed in 2018. The following charts show the funding sources as well as the use of those funds by the College and by the Foundation. I hope that they shed some light on the finances of both.

More from the Chair...

Marc A. Levinson, Orrick, Herrington & Sutcliffe LLP