Alabama State Bar Building Foundation
Description
The Alabama State Bar Building Foundation (Foundation) was authorized by an act of the State of Alabama Legislature in 1961 to be a nonprofit public corporation. The Foundation was incorporated for the purpose of constructing, erecting, owning, operating, and maintaining a building to be occupied by the Alabama State Bar. In furtherance of this purpose, the Foundation owns and leases furnishings, fixtures, and office equipment and employs appropriate personnel. The Foundation is a special purpose governmental entity engaged in support activities of the Alabama State Bar.
The Foundation and the Alabama State Bar are related through a common Board of Trustees. The Alabama State Bar leases facilities, furniture, and equipment from the Foundation under annual agreements. In addition, the Alabama State Bar assigns full-time employees to perform duties for the Foundation throughout the year in which the Foundation reimburses the Alabama State Bar.