For more than a decade, The Bridgespan Group has worked with philanthropists to implement flexible approaches to funding that cover their grantees’ total costs. Our 2008 “starvation cycle” research described how funders shortchanged and nonprofits underreported overhead expenditures. In 2016, our analysis of leading nonprofits’ financial records showed that more than half suffer from frequent or chronic budget deficits related to insufficient funding of indirect costs. More recently, we collaborated with the presidents of five leading foundations to advance a menu of solutions to this chronic pattern of grantee underfunding and underinvesting. We will continue to support the community that is helping grantees build stronger, more durable, and more effective organizations.