![]() This practice is discouraged by sector trade groups which point to the Sarbanes-Oxley Act when they call for charities to refrain from making loans to directors and executives. (More) Making loans to related parties such as key officers, staff, or Board members, is not standard practice in the sector as it may divert the charity's funds away from its charitable mission and can lead to real and perceived conflict-of-interest problems. In this case, we deduct 15 points from the charity's Accountability and Transparency score.ĭoes Not Provide Loan(s) to or Receive Loan(s) From Related Parties.
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