Multi-year funding is among the most effective types of support a foundation can award a nonprofit. They signal a foundation's commitment to the effectiveness, capacity and impact of their nonprofit partners:
They trust and believe that the grant will be used wisely.
Because they listen to their grantees, they understand the complexity of the problems they are trying to address and realize that solutions often take years (sometimes even decades).
They recognize that multi-year funding gives nonprofits the ability to plan ahead and respond to unanticipated opportunities and challenges.