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 33 OP 45 DO 10.3905/jwm.2018.2018.1.060 VO 20 IS 4 A1 Zvika Afik A1 Arie Levy A1 Hagai Katz YR 2018 UL https://pm-research.com/content/20/4/33.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. The authors try to determine if there is a connection between payout ratios of foundations and multiyear support to grantees. They 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. They find that foundations that 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, the authors 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.TOPIC: Foundations & endowments