SECTION 1. PURPOSE
The National Society of the Sons of the American Revolution (known hereafter as NSSAR) is a not for profit, tax-exempt organization. Maintenance of its tax-exempt status is important for both continued financial stability, public and member support. Therefore, the Internal Revenue Service, as well as other regulatory agencies, tax officials and other stakeholders view the policy and operations of the SAR as a public trust, which is subject to scrutiny by and accountable to such authorities as well as its constituents.
Consequently, there does exist between the NSSAR and its officers, trustees, committee chairmen, senior staff and the general public a fiduciary duty that carries with it a broad and clear duty to fidelity and loyalty. The officers, trustees and senior staff have the responsibility to administer the affairs in an honest and prudent manner, exercising the best skill, abilities and judgment for the sole benefit of the NSSAR. Those persons who serve in leadership capacities shall exercise good faith in all matters and transactions, and shall refrain from practices that allow personal gain or benefit due to knowledge or influence. The interest of the SAR shall be the priority in all decision and actions.
SECTION 2. PERSONS CONCERNED
This code and statement is intended for all general officers, trustees, committee chairmen, senior staff and others as so determined by the trustees of the NSSAR. All persons who may influence decisions of the NSSAR may be added at any time.
SECTION 3. AREAS OF POTENTIAL CONFLICT
Conflicts may arise in relations to officers, trustees, and senior staff with any of the following third parties:
- Persons and firms supplying goods and services to the NSSAR.
- Persons and firms from whom the NSSAR leases property or equipment.
- Persons and firms with whom the NSSAR is maintaining or plans to maintain a business relationship that involves the sale of real estate, securities, or other property.
- Competing or affinity organizations.
- Donors and others supporting the NSSAR.
- Agencies, organizations, and associations that affect the operations of the NSSAR.
- Family members, close associates and other employees.
SECTION 4. NATURE OF CONFLICT OF INTEREST
A conflicting interest may be defined as an interest, direct or indirect, with any person or firms mentioned in Section 3. Such interest may arise from the following activities:
- Owning stock or holding debt or other proprietary interest in a third party dealing with NSSAR.
- Holding office, serving on the board, participation in management, or being otherwise employed