In addition to his years as a community leader in the Greenville, SC, area, Michael Wolfe has a background in higher education and charitable financial strategies. Michael Wolfe of Greenville, SC, possesses decades of experience helping nonprofit organizations raise money. Due to regulations governing how nonprofits can spend donations, executive directors and other fundraising professionals must categorize their funding requests properly. Two common types of funding requests are capital and operating expenses. Capital expenses are usually large, one-off costs that will enhance an organization’s ability to carry out its mission. This includes costs for reconstructing a building, purchasing a vehicle, or acquiring a large piece of essential equipment. On the other hand, operating expenses are recurring costs associated with the nonprofit's basic activities. Some examples of operating costs include rent on office space, administrators’ salaries, and utilities. Grants usually only cover operating or capital expenses, not both. For this reason, nonprofit organizations must have a clear idea of what type of funding they will need before applying for grants.

1. Michael Wolfe

2. In addition to his years as a community leader in the Greenville,
SC, area, Michael Wolfe has a background in higher education and
charitable financial strategies. Michael Wolfe of Greenville, SC,
possesses decades of experience helping nonprofit organizations
raise money.

3. Due to regulations governing how nonprofits can spend
donations, executive directors and other fundraising professionals
must categorize their funding requests properly. Two common
types of funding requests are capital and operating expenses.
Capital expenses are usually large, one-off costs that will enhance
an organization’s ability to carry out its mission. This includes
costs for reconstructing a building, purchasing a vehicle, or
acquiring a large piece of essential equipment.

4. On the other hand, operating expenses are recurring costs
associated with the nonprofit's basic activities. Some examples of
operating costs include rent on office space, administrators’
salaries, and utilities. Grants usually only cover operating or
capital expenses, not both. For this reason, nonprofit
organizations must have a clear idea of what type of funding they
will need before applying for grants.