RT Journal Article SR Electronic T1 Philanthropic Foundations Payout and Multiyear Grants: Between Giving Today and Giving Tomorrow JF The Journal of Wealth Management FD Institutional Investor Journals SP jwm.2018.1.060 DO 10.3905/jwm.2018.2018.1.060 A1 Zvika Afik A1 Arie Levy A1 Hagai Katz YR 2018 UL https://pm-research.com/content/early/2018/01/02/jwm.2018.2018.1.060.abstract AB The amounts of money that private foundations allocate and the duration of the grants they give affect both on the impact of foundations and the sustainability of the nonprofits they support. We try to determine if there is a connection between payout ratios of foundations and multiyear support to grantees. We analyze a large sample of private, U.S.-based foundations to examine payout percentages for 2006–2010, as well as actual and declared patterns of multiyear support. We find that foundations who have a higher payout tend to support their grantees for longer periods of time. A positive relationship between payout and assets also shows that this multiyear support is more frequent among larger foundations. Consequently, we make recommendations for nonprofit executives and policymakers to acknowledge these correlations and the differences between different types of foundations. Future research into these differences and optimal minimal payout rates is also suggested.