GrowthForce Blog Navigating the Challenges of Multi-Year Funding

9 min read November  6th, 2024 Nonprofit organizations face many funding challenges. First and foremost, simply obtaining enough funding to operate and carry out programs is an enormous barrier. Key Takeaways Further Challenges With Unrestricted, Multi-Year Grants and Pledges: An organization operating with multi-year funds will show a major budget surplus in the fiscal year when the commitment is made, and then it will show budget deficits in the following fiscal periods.  Prepare a Monthly Grant Period Report: A monthly grant period report should be created at the very beginning of your grant, and it should look at each month of the entire grant period. Starting with your grant's approval date, create a financial schedule, month by month, outlining both income and expenses for every month until the grant period's ending date.  Navigating Nonprofit Funding Over Multiple Years: Navigating multi-year funding in a nonprofit can be complex, and communicating the true financial health of your organization to the nonprofit board is essential to ensure they provide sound advice and you maintain a healthy collaboration. Plus