Conflicts of interest: IRS sample policy annotated for grantmakers

On the recently revised application for tax-exempt status (Form 1023), the IRS asks new organizations whether they have adopted a written conflict of interest policy that is consistent with a sample included in the instructions (and to attach a copy of the policy). Similar questions will most likely appear on Forms 990 and 990 PF in the future. This document includes annotations on this policy in order to make it clearer for grantmakers.