Avoiding Conficts of Interest and Self-Dealing for Family Foundation Boards

Date added: 
September 9, 2013
Publication date: 
May, 2013

Federal law regarding conflicts of interest and self-dealing at foundations can be complex and confusing. Family foundation boards that are eager to comply with both the letter and spirit of the law should understand the legal definition of “disqualified persons” as well as the variety of rules for certain regulated activities. These rules prohibit the trustees themselves, certain family members, managers, and other “disqualified persons” from benefiting from the philanthropic activities of the foundation.

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