DAF grants to nonprofits where advisors sit on the board?
TomWickersham
Posts: 82 ✭✭✭
Do any foundations prohibit grants issued from DAFs (donor-advised funds) that go to nonprofits where the fund advisor is on the board? What if there are no staff of said nonprofit, so the work of the agency is conducted by the board members? And, what about issuing a grant to the nonprofit if the address of the nonprofit and the address of the fund advisor are the same? If you do prohibit any of these types of grants, what is the provision in your policy that prohibits this?
Thanks in advance for your input!
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Comments
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Great questions, Tom! We don't currently have such policies, but it's interesting to consider. Looking forward to reading others' responses.
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