Posts tagged to 'Conflict of interest and self-dealing'
by Learn Foundation Law
on May 13, 2016
Learn Foundation Law is a free resource for online trainings and tools related to the basic legal rules for private foundations.
by Benjamin T. White
on May 15, 2013
Self-dealing is defined to include almost all business and financial transactions between a private foundation and its “disqualified persons.” So what is exactly is a disqualified person?
The following is excerpted from the National Center for Family Philanthropy’s Passages Issue Brief, “Avoiding...
This month’s Ask the Center features answers to questions on managing relationships with your advisors from Patricia Angus, the founder and CEO of Angus Advisory Group, a philanthropy and family governance consulting and educational firm based in New York City. Patricia was a featured speaker on the...
by Anne Etheridge
on June 15, 2010
Most family foundations prefer to focus on the business of giving, without having to worry about tripping over the sometimes obscure rules and regulations that govern this work. But the fact is that family foundation boards need to be aware of potential potholes on the road named philanthropy....
Q: Our foundation’s third generation is coming on the board and some have young children. Some family members say the lack of child care during board meetings hinders participation. Can the foundation pay for child care so that parents can attend board meetings?
A: Generally no....
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Q: We have a next-generation board with five college-age family members who travel from all around the country to meet, review grant proposals, and recommend grants to the governing board. Is it legal to reimburse them for travel expenses?
Spouses and children of board members are disqualified...