Susan Shields named 2013 president of Oklahoma Bar Foundation
The Oklahoma Bar Foundation has named Susan Shields president for the 2013 calendar year.
Shields is a shareholder with the Oklahoma City office of McAfee & Taft and a tax and family wealth attorney who concentrates her practice on wealth transfer tax planning for high net worth families and individuals, business planning for closely held family businesses, estate and trust administration, business entity formation, and the formation and administration of tax-exempt organizations.
The Oklahoma Bar Foundation is a nonprofit organization founded in 1949 by members of the Oklahoma Bar Association to accomplish law-related charitable good works, such as the funding of legal services and advocacy programs for children, low-income individuals and families, and the vulnerable; law-related education programs for Oklahoma students such as mock trial programs; child abuse prevention training for educational, law enforcement and child welfare personnel; administration of the court grant program; law school scholarships; and educational programs that promote the advancement of knowledge of the law for all Oklahomans.
Since its founding more than 60 years ago, the Foundation has made over $10 million in grants, awards and scholarship payments. Although grants have been down in recent years due primarily to the low-interest rate environment, the Foundation was able to award more than $350,000 in grants to over 30 different law-related charitable programs in 2012, including its largest grant of $160,000 to Legal Aid Services of Oklahoma, Inc., which provides free critical legal services to low-income and elderly Oklahomans statewide.
Funding for the Foundation comes from trust accounts of Oklahoma lawyers through the Interest on Lawyer Trust Accounts (IOLTA) program, the Foundation’s endowment funds, the OBF Fellows program, other private donations, and Cy Pres and residual balance awards. More information about the Foundation can be found at www.okbarfoundation.org.