With Congress and the media focusing on corporate governance and foundation administration, it is a good time to make sure that all grantmakers have a strong conflict of interest policy in place.
Grantmaking foundations have a strong history of being created with honorable motives and operated with unquestionably high standards. Find questions and answers as well as sample policies to promote best practices and encourage the highest level of ethical governance for both public and private foundations.
In-Depth knowledge on Ethics & Accountability
Explains the federal tax law for organizations such as charities and churches that receive tax-deductible charitable contributions and for taxpayers who make contributions.
Sample conflict of interest policies from the Community Foundation of Switzerland County and Triangle Community Foundation.
Form 1023 is in the vanguard of IRS forms that are designed to educate tax-exempt organizations and help halt abusive transactions.
This article focuses on conflicts of interest around foundation investments. May foundation board members (or other closely affiliated individuals or businesses) manage foundation investments? May they be paid for this service?
What do you do when a grantee—or potential grantee—asks someone on your board or staff to sit on their board? Does such a request constitute a conflict of interest?