Letter of Inquiry0 - Letter of Inquiry(LOI The Letter of...

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Letter of Inquiry (LOI) The Letter of Inquiry (LOI) describes your project or program and asks for permission to submit a grant request. It is becoming increasingly common for foundations and corporations to request a letter of inquiry (LOI) as the first step in the grantseeking process. Sometimes a traditional letter is required, other times the funder provides a format (form) to follow, which is similar to, but shorter than, a full proposal. Detailed information about LOIs and forms would be found on the funder's website or written guidelines. Rationale : The rationale for the LOI is to reduce opportunity costs for the nonprofit organization. If for whatever reason, the funding source is unlikely to support the nonprofit's request, the organization and its staff have not written a full proposal, this saving time and resources. It also allows for the nonprofit to focus on other funding sources. A Letter of Inquiry should be a compelling summary of the program, operating or capital plans for the organization.
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