A conflict of interest exists when a Grant Review Committee member has a personal, financial, or business interest that could influence, or appear to influence, their evaluation of a proposal. Examples include:
- Conducting sponsored research on property they own or control.
- Being related to a proposal applicant.
- Having an ownership interest in a business submitting the proposal.
- Receiving direct financial benefit from grant funds awarded through the proposal.
Ownership of less than 5% equity in a publicly traded company or cooperative is not considered a conflict of interest.