Beyond Grantmaking An Investigation of Program-Related Investments by U.S. Foundations

If you need an accessible version of this item, please submit a remediation request.
Date
2017
Language
English
Embargo Lift Date
Committee Members
Degree
Degree Year
Department
Grantor
Journal Title
Journal ISSN
Volume Title
Found At
Sage
Abstract

This study investigates program-related investments (PRIs), which are mechanisms that foundations can use to achieve charitable purposes while generating moderate financial returns. There is a growing interest in PRIs and other similar market-based approaches among practitioners of philanthropy recently. We examine the internal and external factors that influence PRIs by U.S. foundations through both quantitative and qualitative analyses. By analyzing the Internal Revenue Service (IRS) and Foundation Center data, we find that foundations with more financial and human resources are more likely to adopt PRIs initially and also more intensively engage in PRIs. Foundations of 25 years or older invest less money in PRIs than younger foundations. Findings from the interviews with eight foundations reveal additional factors influencing foundations’ PRI activities, including staffing and expertise, the board and executive leadership, changes in the legal and economic environment, sectoral trends and peer networks, and the interests and needs of PRI recipients.

Description
item.page.description.tableofcontents
item.page.relation.haspart
Cite As
Qu, H., & Osili, U. (2017). Beyond Grantmaking: An Investigation of Program-Related Investments by US Foundations. Nonprofit and Voluntary Sector Quarterly, 46(2), 305-329. https://doi.org/10.1177/0899764016654281
ISSN
Publisher
Series/Report
Sponsorship
Major
Extent
Identifier
Relation
Journal
Nonprofit and Voluntary Sector Quarterly
Source
Author
Alternative Title
Type
Article
Number
Volume
Conference Dates
Conference Host
Conference Location
Conference Name
Conference Panel
Conference Secretariat Location
Version
Author's manuscript
Full Text Available at
This item is under embargo {{howLong}}