Legal
Related-Party Transactions
How we review any transaction between TRUETH Foundation and a board member, staff member, or their family or business.
This policy is written and in effect as TRUETH practice. Formal board adoption and counsel review are in progress.
A related-party transaction is any purchase, contract, or payment between TRUETH Foundation and a board member, staff member, or a close family member or business of theirs.
Why this matters
Donors and the public trust that TRUETH's resources are used for its charitable mission, not to benefit insiders. Reviewing related-party transactions protects that trust.
Our approach
- Any related-party transaction is disclosed to the board before it happens, where practical.
- The individual with the conflict does not vote on approving the transaction.
- Terms must be fair to TRUETH and comparable to what an unrelated party would offer.
Status
TRUETH intends to formally adopt a related-party transaction policy as part of its governance documents. That formal adoption is in progress; this page describes our intended approach.
Last reviewed 2026-07-25