Request for Proposals # 26-1470 ADMINISTRATION OF THE ROOSEVELT ISLAND PUBLIC PURPOSE FUND

Roosevelt Island Operating Corporation (RIOC) is requesting proposals for complete administrative and operational support of the Roosevelt Island Public Purpose Fund under RFP 26-1470, with proposals due October 1, 2026 at 2:00 p.m. EST and an anticipated award at the end of October 2026. A 30% Minority and Women-Owned Business Enterprise (MWBE) participation goal applies; the Service-Disabled Veteran-Owned Business goal is 0%.

The Fund supports nonprofit organizations whose programs and services directly benefit Roosevelt Island residents. The selected respondent will manage the annual grant application cycle, including outreach to eligible nonprofits, technical assistance to applicants, eligibility review, Grant Review Committee facilitation, scoring and evaluation, grant agreement preparation, payment processing, compliance monitoring, grantee reporting, financial and program record maintenance, quarterly and annual reporting to RIOC, data security and confidentiality protocols, public communications support, and orderly contract closeout. The cost proposal must separately identify administrative costs across program administration, application administration, grant review, grant committee administration, financial administration, technology, reporting, communications and outreach, grant monitoring, closeout, and reimbursable expenses.

The anticipated annual grant pool is $250,000, with the 2026 cycle awarding $260,000 through one-year grants of up to $30,000 per organization. RIOC establishes annual program parameters and may modify them for each cycle.

The initial contract term is one year commencing on or about the end of November 2026, with four optional one-year renewal periods at RIOC's sole discretion. Required insurance includes $1,000,000 per occurrence Commercial General Liability, $1,000,000 Automobile Liability, $5,000,000 Umbrella/Excess Liability, statutory Workers' Compensation and Employer's Liability, and $5,000,000 Cyber Liability. New York State Tax Law Section 5-a applies. The request for information cutoff is September 18, 2026 at 2:00 p.m., with responses posted September 25, 2026. Interviews are scheduled for a date to be determined. RIOC previously administered the fund through The New York Community Trust beginning in 2022.