Nonprofit Conflict Of Interest Summary

The name of the article selected is called Nonprofit Conflict of Interest: A 3-Dimensional View. Jan Masaoka wrote the article back in July of 2010. She is a writer for Blue Avocado, which is a magazine for American non-profit. Blue Avocado is the semi-monthly newsletter of American Nonprofits, a membership organization that provides practical financial information and support to U.S. 501(c)(3) nonprofit organizations, staff, stakeholders and volunteers. The article I chose related to conflict of interest. Conflict of interest (COI) happens in all types of organizations and workplaces, the unfortunate part is that it can also happen in non-profit organizations. A conflict of interest is when a person will gain a financial benefit through their "insider" connections. An example of COI within a non-profit organization is when one of the board members is an insurance broker, which will give the organization higher insurance rates. Another example is if one of the board
The first step is to have all board members sign a document relating to COI. If there are guidelines in place there is a less chance of some breaking this guideline. Next, it would be smart to have a roster of the board members stating what each and every person does as their full-time job. In other words, if the board members see anyone taking advantages of the organization, then other board members can report it to the chairman. The last safeguard to do to protect the organization is to make sure if someone offers a bid on something to look around for other prices to make sure it actually is the best deal one can get. In the end, it is important for the founders of NPO to be aware of conflict of interest happening among board members. Keeping a close eye and having a mutual understanding between them will only benefit the organization in the long