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Our
Policy:
The Self Family Foundation encourages board members to play an
active role in the community by serving as board members or
otherwise being involved with a wide spectrum of nonprofit
organizations. This means that, from time to time, potential
conflicts of interest or appearance of such conflicts will
inevitably arise. It is the Foundation's policy to deal with such
conflicts as openly as possible.
Conflicting involvements include but are not limited to the
following:
- Foundation
board members serving as board members of applicant
organizations.
- Immediate
family members of Foundation board members serving on applicant
organizations.
- Foundation
members or their immediate families being employed or doing
business with applicant organizations.
In the case of
such conflicts or the appearance thereof, Foundation board
members and/or staff are expected to disclose the conflict prior
to making any grant related decisions. Once such a disclosure is
made, the remaining board members will determine if there is a
potential conflict of interest. Should it be determined, the
board member involved shall abstain from voting and shall not
participate in the discussions of the applicant organization
other than to provide information of a technical nature or answer
specific questions that may be raised by other board members.
In cases where the Foundation's board of trustees decides to
award a grant to an organization and one or more of the
Foundation's board members abstains from voting as a result of
conflict of interest or the appearance thereof, such grants and
board member will be identified in the official minutes of the
meeting.
A roster listing each board/staff member and organizations on
whose boards they or immediate family member serve, are employed
by or have a business relationship with, will be maintained by
the Foundation president.
Virginia Preston Self
Chairman and Trustee |
