Self-Dealing: A Concise Guide For Foundation Board And Staff
Posted on October 27, 2006 by John A. Edie
In basic terms, the rules against self-dealing are broad and far-reaching. They generally prohibit any direct financial transaction between the foundation and virtually all persons closely related to the foundation. Even if the financial transaction is between the private foundation and an unrelated third party, the act can be a violation of the self-dealing rules if the transaction provides an indirect financial or economic benefit to a foundation insider… Read More