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Why Nonprofits Should Focus on Long-Term Financial Planning

Why Nonprofits Should Focus on Long-Term Financial Planning

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February 2022

For various reasons, many organizations have experienced a decline in donor funding and programmatic revenue. The global pandemic, inflation and the virtual environment have caused nonprofit organizations to expand funding streams and explore new opportunities to deliver programmatic impact. For this reason, it's vital that organizations take a solid look at their planning beyond the next year, building strong financial models that take into account the dynamic environment that exists today.

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