What Boards and Executives Need to Know: Self-Dealing
While private foundations have strict rules for self-dealing among disqualified persons, many of these rules are well-established best practices for other grantmakers and public charities. As public charities, all 501(c)(3) organizations are intended to serve the public good and should not be used for private or individual benefit.
The “What Boards and Executives Need to Know” series of resources is designed to address questions of interest to board members and senior leaders of grantmaking organizations. These resources may be particularly useful for orientations, board trainings and general professional development and provide better understanding of key concepts that are necessary for the success of the governance and management of foundations in the field.