Conflict of Interest
Conflict of interest arises whenever the personal or professional interests of a University community member are potentially at odds with the best interests of the University and its mission. The Corporate Relations office can work with you to ensure charitable gifts are in keeping with Vanderbilt's Conflict of Interest policy.
Frequently Asked Questions
What do I need to know before applying for a grant from a company that is a vendor to the university, in reference to conflict of interest?
The University and Medical Center both have conflict of interest standards that must be adhered to. These standards ensure Vanderbilt's integrity as a University and Medical Center. Conflicts of interest can occur when there is too little time between grant or charitable applications and bids from or business awards to a company that is a vendor to the university. There is a mandatory "cooling off" period.
I used technology developed in my lab to start a company. I'm excited to see that the company is growing. They would now like to make a charitable donation to my field of research.
Grants or charitable contributions from a company to an individual who has a personal business interest in the company cannot be given directly to the individual. Charitable contributions can be purposed to a field of research but must be given to and administered by the department, for example, and not the individual.
In addition to our office, the Medical Center's Office of Compliance & Corporate Integrity, and the School of Medicine's Faculty Training and Orientation Office are available to faculty and staff with questions regarding conflicts of interest.
If you have questions about a company and possible conflict of interest with Vanderbilt, please email Caroline Hemyari.