May 27, 2004 | Read Time: 1 minute
Top 10 Ways Corporate Foundations Get Into Trouble, by Ellen Bryson and Andrew Schulz, describes some common missteps that corporate foundations make and gives advice for avoiding them. Ms. Bryson, director of governing-board programs, and Mr. Schulz, deputy general counsel, both at the Council on Foundations, in Washington, say that company foundations can get into trouble if they use foundation assets to generate business for the company or engage in financial transactions with executives or trustees of either the parent company or the foundation. To avoid such conflicts of interest, the guide lists a series of questions that foundation officers should consider to help them evaluate whether their actions are legal. The guide also gives tips about giving grants to individuals, running scholarship programs, and other topics.
Publisher: Council on Foundations, 1828 L Street, N.W., Washington, D.C. 20036-5168; (202) 466-6512; fax (202) 785-3926; http://www.cof.org; 22 pages; $6 for members, $10 for nonmembers.
