CA_RISE_2.0_Fiscal_Agent_Questions.pdf

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CALIFORNIA REGIONAL INITIATIVE FOR SOCIAL ENTERPRISES PROGRAM FISCAL AGENT - REQUEST FOR PROPOSALS
Solicitation number
0000038792
Issued by
California

About this file

This document contains questions and responses related to the California Regional Initiative for Social Enterprises (RISE 2.0) Program Fiscal Agent Request for Proposals, issued by CalOSBA in California. The State is seeking a third-party administrator to serve as Fiscal Agent and administer the grantmaking component of the Program. The Fiscal Agent will be responsible for disbursing grants of up to $300,000 to eligible Enterprises for Social Enterprises (ESEs) and nonprofits throughout California, with all grants required to be distributed by March 31, 2028. The proposal deadline is firm with no extensions available.

The agency indicated that payment options to awardees will depend on the capabilities of the selected Fiscal Agent but will preferably utilize secure and expedited distribution methods such as Automated Clearing House (ACH) transfers and wire transfers to ensure rapid fund distribution. No additional pricing terms, set asides, incumbent information, or funding sources were specified in this questions and responses document.

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California Regional Initiative for Social Enterprises Program

Fiscal Agent Request for Proposal

Questions and Responses

1. What type of payments does the agency plan to offer the awardees?

a. The payment options will depend on the capabilities of the selected awardee, but preferably options that will ensure funds are distributed quickly through secure methods such as ACH and Wires.

2. Will the agency consider extending the proposal deadline?

a. There will be no deadline extension for this proposal.

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