Could you say a bit more about “How we set grant and stipend amounts” interacts with the grantee being a for-profit company or doing for-profit work?
Conditioned on legal permissibility in a particular case, I am not asserting that giving a grant for work at a for-profit company (rather than structuring as a loan or an equity stake) is never appropriate. However, there are some particularized concerns about undue compensation in certain cases. The grantee may both be receiving money upfront, and have an equity stake that benefits from the grant work. How do you unsure that the combined compensation (both the direct compensation to the individual grantee and the effect on their equity stake) is consistent with your policies and the need to avoid undue compensation to grantees?
Could you say a bit more about “How we set grant and stipend amounts” interacts with the grantee being a for-profit company or doing for-profit work?
Conditioned on legal permissibility in a particular case, I am not asserting that giving a grant for work at a for-profit company (rather than structuring as a loan or an equity stake) is never appropriate. However, there are some particularized concerns about undue compensation in certain cases. The grantee may both be receiving money upfront, and have an equity stake that benefits from the grant work. How do you unsure that the combined compensation (both the direct compensation to the individual grantee and the effect on their equity stake) is consistent with your policies and the need to avoid undue compensation to grantees?