December 31, 2024, deadline to obligate State and Local Fiscal Recovery Funds (SLFRF) under the American Rescue Plan Act. On January 1, 2025, billions of unobligated funds will have to be returned to the U.S. Department of the Treasury, meaning that nonprofits will lose access to a funding source to address workforce shortages, decreases in revenue, increases on operating expenses, and other challenges that SLFRF can help address. Missing this opportunity does not have to happen, but action is needed now!