Private Foundations Need Strong Conflict-of-Interest Policies

Does your private foundation have a detailed conflict-of-interest policy? If it doesn’t — and if it doesn’t follow the policy closely — you could face IRS attention that results in penalties and even the revocation of your tax-exempt status. Here’s how to prevent accusations of self-dealing. Who’s Disqualified? Conflict-of-interest policies are critical for all nonprofits. […]