I have two family foundations, where some of the trustees may be part of both foundations. For my question, we will refer to them as A Foundation and B Foundation. If A Foundation makes a pledge, can B Foundation legally make some of the payments to satisfy A Foundation's pledge if they so choose? Right now, they don't know if that will ever be the case, but they want to have that as an option.
I am aware of the self-dealing issue if the pledge happened to belong to one of the trustees of A Foundation.
Senior Director of Advancement Services
Utah State University
Tel: 435-797-1285 Fax: 435-797-1364