What constitutes operating expenses for private foundations?
Posted on June 13, 2017 by National Center for Family Philanthropy
Operating expenses, also known as overhead, are any cost associated with operating your organization. These costs can then be divided into two subcategories, direct costs and indirect costs. Direct costs can be defined as any expense that is required to develop a project. Indirect costs are expenses that are not related to the actual project. Salaries and office rent are… Read More