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Resolving Trustee Disputes: Part I— Foundation Split-ups and Other Approaches

Author: Megan A. Cunningham.

Source: Volume 12, Number 05, July/August 2013 , pp.1-9(9)

Abstract:

This article, the first in a series on conflict resolution, examines how foundation policies and practices can be aligned to address and defuse conflict and, when issues cannot be resolved, how to dissolve a foundation in and administratively and tax-efficient way. A revised and updated versions of this article, combined with the second and third parts and updated to reflect current law, is available in Family Foundation Advisor Volume 20, Number 6 (https://www.civicresearchinstitute.com/online/article.php?pid=8&iid=1617).

Keywords: Cy Twombly Foundation; Disengaged or Disruptive Board Members; generational conflicts; mission creep; Good governance; code of ethics; conflict-of-interest policy; resignation protocol; Whistleblowers; bylaws

Affiliations: 1: Bourland, Wall & Wenzel, P.C..