Sample Nonprofit Conflict of Interest Policy Template for 2025

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  1. Click ‘Get Form’ to open the Sample Nonprofit Conflict of Interest Policy Template in the editor.
  2. Begin by reviewing the 'Purpose' section, which outlines the importance of this policy in protecting your organization’s interests. Ensure you understand its implications.
  3. Move to the 'Definitions' section. Here, fill in any relevant details regarding 'Interested Person' and 'Financial Interest' as they pertain to your board members.
  4. In the 'Procedures' section, ensure that all interested persons are aware of their obligation to disclose financial interests. You can add specific names or roles if necessary.
  5. Complete the signature section at the end of the document. Each board member should enter their name, position, and date to confirm their agreement with the policy.
  6. Once completed, save your document. You can easily share it with board members for review and signatures directly through our platform.

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So in short, you dont need a conflict of interest policy at the the time of the incorporation, but you absolutely need it for applying for tax exemption using the Form 1023.
If your organization receives more than 10 percent but less than 33-1/3 percent of its support from the general public or a governmental unit, it can qualify as a public charity if it can establish that, under all the facts and circumstances, it normally receives a substantial part of its support from governmental
Examples might include: The organizations chief executive is a spouse or close relative of the board member. The board candidate is also the chief executive of an organization with a similar mission and program structure.
This should include clear articulation of the relationships and interests that are expected to be considered. Policies should make it clear that they expect all staff and postholders to declare any conflicts of interest, irrespective of role, grade or seniority.
The policy should clearly define who is included and spell out what counts as a conflict, so theres no ambiguity. You might reference personal, financial, or family interests and include both actual and potential conflicts (including those that might reasonably be seen as conflicts by others).