The Drawbacks and Costs of Request for Proposals (RFPs) for Impact Buyers and Producers

Did you know that grantmaking through the traditional Request for Proposals (RFPs) process costs about $51 for every $100 dollars granted? Surprisingly, the burden of these costs falls primarily on the nonprofit organizations that produce the positive impact these grants aim to achieve. In this blog post, we will explore the drawbacks and financial implications of RFPs for both impact funders and producers.