May 30, 2002
How Family Foundations Can Avoid Legal Problems
Top 10 Ways Family Foundations Get Into Trouble, by Ellen Bryson and John A. Edie, points out areas of "murky and shifting ground" where family-foundation board members might run into legal problems. Most of the mistakes that family foundations make, say the authors, fall under the category of self-dealing---arrangements that provide financial benefit to the foundation's donors, trustees, or staff members and that are typically considered illegal by
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