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A strategic plan provides direction, sets priorities, and ensures all efforts are aligned with the nonprofit’s mission and long-term goals.
Typically, board members, staff, and key stakeholders participate to ensure diverse perspectives and buy-in.
Most nonprofits review and update their strategic plan every three to five years, or as major changes occur in the organization or environment.
A strategic plan sets long-term direction, while an annual plan details specific actions and budgets for a single year within that framework.