Does program-related investing reduce charitable grants in private foundations? A case of decision making by hybrid organizations in the nonprofit setting
Bibliographic record
Abstract
We examine how private foundations balance their conventional charitable granting and unconventional program-related investing (PRI), a unique in-house hybrid investment that can also fulfill foundations’ charitable missions. As grant-making agencies, private foundations traditionally distribute grants to program-operating charities to fulfill their charitable missions, but recently more private foundations embrace PRI. We analyze the competing institutional logics and the divergent stakeholder interests that are embodied in PRI. We find that private foundations follow the behavioral pattern of hybrid organizations and treat PRIs as an extension of their traditional charitable grants. More specifically, we find that PRIs do not substitute but supplement charitable grants. The findings also offer policy and practical implications.
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How this classification was reachedexpand
Full frame machine prediction
Teacher imitationNot calibrated prevalence, not ground truth. Human validation pending. The Gemma side is a direct model label for every work in the frame, read from the title-only record. The Codex side is a classifier learned from the 10,348 direct Codex labels and calibrated to design-weighted sample rates; fields without enough sample support carry no Codex call. Candidate is the union of the two sides; consensus is their intersection. These outputs are machine_predicted_unvalidated and are not human labels.
Distilled classifier scores by category (both heads)
| Category | Codex | Gemma |
|---|---|---|
| Metaresearch | 0.010 | 0.016 |
| Meta-epidemiology (narrow) | 0.000 | 0.000 |
| Meta-epidemiology (broad) | 0.000 | 0.001 |
| Bibliometrics | 0.001 | 0.001 |
| Science and technology studies | 0.006 | 0.011 |
| Scholarly communication | 0.007 | 0.004 |
| Open science | 0.001 | 0.006 |
| Research integrity | 0.004 | 0.002 |
| Insufficient payload (model declined to judge) | 0.005 | 0.000 |
Machine scores (provisional)
The two teacher heads of the student model, read on this work. A score orders the frame for review; it never asserts a category, and the validation status ships verbatim with every row.
Baseline scores from an immature model (maturity gate not passed, 7 training rounds). Scores rank; they never assert a category.
score_only:v0-immature-baseline · verbatim from the scoring run: score_only means the number may rank works, and no category label ships from itClassification
machine, unvalidatedMachine predicted; a candidate call from one source (direct Gemma or distilled Codex), not a consensus.
How this classification was reached, model by model and score by score, is at the end of the page under "How this classification was reached".