Conflicts of Interest: Safeguarding Your Foundation
Board members or trustees of a charity have fiduciary duties to the organization. This means that they must be careful stewards of the charity’s assets and must put the charity’s interests first. On occasion, however, a board member’s other involvements—business interests, family relationships or political or other charitable activities—may make it impossible for him or her to provide disinterested advice to the charity. Especially when the matter affects the financial interests of a board member, this duality of loyal- ties may become a conflict of interest.
This collection of articles and sample conflict of interest policies is an essential resource for any foundation board or staff member seeking a complete overview of the conflict of interest regulations.