John Edie has advised foundations and charities throughout the United States and in many foreign countries. Most recently director at PriceWaterhouseCoopers, where he focused on foundation and tax issues, Mr. Edie previously served for more than two decades as senior vice president and general counsel for the Council on Foundations. Mr. Edie has earned a national and international reputation for his expertise in the field of nonprofit and foundation law.

Contributions

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

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