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Can members of the Endowment Board of Directors apply for grants?

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Can members of the Endowment Board of Directors apply for grants?

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A proposal from an agency or organization that employs a member of the Endowment Board of Directors in a managerial capacity will not be accepted during, and for one year following, the term of office of the Board member. However, in the case of institutional or governmental applicants, applicants for grants from departments, divisions, or programs other than the department, division, or program in which the Board member is employed in a managerial capacity, may be accepted, provided that the Board member has no involvement in the proposal and receives no direct or indirect personal financial benefit from any grant awarded.

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