Kelly Shipp Simone is the senior staff attorney at the Council on Foundations where she provides legal information to private foundations and public charities on a broad cross-section of legal issues.  Prior to joining the Council in 2003, Ms. Simone served as a law fellow with the Alliance for Justice.

Contributions

Conflicts of interest: IRS sample policy annotated for grantmakers

Posted on March 11, 2010 by Kelly Shipp Simone

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… Read More