Established by statute in 1974, The Law Foundation of Ontario is the sole foundation in Ontario with the mandate of improving access to justice. Through granting and collaboration, the Foundation invests in knowledge and services that help people understand the law and use it to improve their lives. The Foundation also administers the Class Proceedings Fund, which provides cost assistance in class actions. The Foundation’s main source of revenue is interest received from lawyers’ and paralegals’ mixed trust accounts. Another source of revenue is cy-près awards. When received, cy-près revenue is allocated to the Foundation's national Access to Justice Fund.