Most organizations are made of of very mediocre (or political) individuals, and when it comes to wrong (or political) decisions individuals cannot be held responsible, that how orgs deflect responsibility.
On the hand when an individual (often wealthy) or a bunch of them decide to fund something (often from his own pocket), they know what they are doing and are personally willing to bear the risk.
>Because organisations are bad and only individuals are capable of making Correct Decisions.
I should have been more nuanced.
Org = generally public orgs where the people in the org do not have a stake beyond their jobs in the org. Example: govt. As an exception to this rule there can be (private) orgs of very competent people who deploy they own money to get things done, including research.
(p.s - I realize that I cannot delve into all all nuances with a few sentences I put here, but hopefully you get the drift)