182-1-01 Conflict of interest participation in grant, loan or contract review - Foundation board members.

(A) Foundation board members who also serve as a board member, employee or officer of an organization are prohibited from discussing, deliberating, or voting on the award of, grants, loans or contracts to that organization that they serve as a board member, officer or employee.

(B) Foundation board members who also serve as a board member, employee or officer of an organization cannot use their position to secure a grant, loan or contract for the organization that they serve as a board member, employee or officer with terms that are in disproportion, selective, or differential to the grants and contracts received by other qualified applicants.

(C) Foundation board members who also serve as a board member, employee or officer of an organization are prohibited from participating in the foundation's evaluation of any research or program that was conducted by the organization that they serve as a board member, employee or officer.

(D) Foundation board members who also serve as a board member, employee or officer of an organization are prohibited from voting upon, discussing, or otherwise using the authority or influence of their public position, either formally or informally, to secure authorization of a grant, loan or contract for that organization from the foundation. This includes a bar upon the foundation board member's participation in any issue relating to the grant, loan or contract after it is entered into, such as a dispute regarding, or modification to, the terms of the grant, loan or contract.

(E) Foundation board members are required to abstain from participation in any decision-making process involving grant, loan or contract applications or proposals from an organization that employs a member of the immediate family of a foundation board member; or with a which member of the immediate family of a foundation board member is otherwise directly affiliated

(F) Foundation board members may not authorize, or in any way use their position to secure approval of a foundation contract, loan or grant in which their family members, or their business associates, have an interest.

(G) For purposes of this rule, "family members" include but are not limited to: grandparents; parents; spouse; children, whether dependent or not; grandchildren; brothers and sisters; or any person related by blood or marriage and residing in the same household.

(H) For purposes of this rule, a board member's "business associates" include but are not limited to: a person(s); corporation; association; or any other business entity that shares a definite and direct pecuniary or fiduciary interest with the Board member.

Eff 8-15-03
Rule promulgated under: RC 119.03
Rule authorized by: RC 183.15
Rule amplifies: RC 183.15
R.C. 119.032 review dates: 06/10/2009 and 06/10/2014