Conflicts of Interest at Foundations: Avoiding the Bad and Maintaining the Good

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Multiple loyalties can create conflicts of interest. In private foundations, conflicts of interest occur when the financial or personal interests of board members or foundation managers are, or may appear to be, inconsistent with the interests of the foundation. This resource guides board members and foundation managers in defining conflicts of interest, identifying which transactions are absolutely prohibited and which are permissible if properly handled, and developing a conflict-of- interest policy that protects foundations, board members, and foundation managers by taking self interest out of the decision-making process. Additionally, we provide a sample conflict-of-interest policy and disclosure questionnaire.


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Content Partner: BoardSource


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https://boardsource.org


Publication/Event Date:

2005


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The Philanthropic Sector
Standards, Codes, and Ethics
Resources

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