Conflict of interest policy (Mary Reynolds Babcock Foundation)
This policy delineates the responsibilities of Directors, staff members, or committee members who are not board members of the Mary Reynolds Babcock Foundation regarding two levels of conflict of interest. The first level is a conflict of loyalties, such as serving on the board of any applying organization but having no financial conflict of interest. The second level of conflict is when a Foundation Director, staff member, committee member, or a family member of a Director, staff member or committee member stands to gain financially by a Foundation decision. The policy covers grantmaking and all other spending, management and investment decisions of the Foundation.