Why does AFP restrict a development officer from serving as an executor of an estate or receiving compensation from an estate in which the organization employing the officer is a beneficiary?
A. Because it is impossible to avoid the appearance of a possible conflict of interest in such a situation. An AFP member may not receive compensation from the estate of a donor to any organization for which the member has worked, for services performed as a financial advisor, executor or other officer to the donor’s estate. AFP members are not forbidden to receive funds from the estate of a friend or relative who has made minor contributions to the AFP member’s organization if the relationship was not the result of the member’s employment in any not-for-profit organization. In such case, notification to the employing organization is still advised.
Related Questions
- Why does AFP restrict a development officer from serving as an executor of an estate or receiving compensation from an estate in which the organization employing the officer is a beneficiary?
- I am a development officer for a nonprofit organization. How can I request a cash grant from Adobe?
- What Is Executor Compensation?
