Do you have policies that you could share about foundation staff sitting on nonprofit boards, particularly if the policy addresses situations where that nonprofit is a grantee? We’re looking for something above and beyond a conflict of interest statement.
Conflict of Interest
A sample document detailing the core values of the Betty and Davis Fitzgerald Foundation including restrictions on participation on nonprofit/grantee boards.
While nearly all provisions of the Sarbanes-Oxley Act apply only to publicly traded corporations, nonprofits may want to review them and adopt particular governance practices. Learn about the provisions of this bill and their relevance to nonprofits from the Independent Sector and BoardSource.
This publication outlines the law and factors related to conflict of interest and includes examples of situations that foundations regularly encounter.
These sample disclosure forms ask individuals to list their affiliations with other entities that might potentially affect their independent decision making in order to identify potential conflicts of interest based on an expansive definition of affiliated persons.
A sample conflict of interest form for independent private foundations.
These sample bylaws provide information on procedures for the resignation or removal of a trustee due to conflict of interest.
The following sample conflict of interest policies are excerpted from The Non-Profit Answer Book: An Executive Director's Guide to Frequently Asked Questions from BoardSource.
These policies range from general guidelines related to conflicts of interest to a comprehensive conflict-of-interest policy that follows a traditional legal format and is recommended by the IRS.
An overview on the self-dealing law, including definitions, common problem areas, exceptions, penalties, and resources.
Sample conflict of interest policies for Community Foundations.