Business
From your Annual Fund, membership fees and year-end mailing to the bake sale, big fundraising gala and capital campaign, nonprofits earn their money in a variety of ways. But perhaps the biggest, hardest to achieve, yet splashiest, funding source is that all-illusive foundation grant. Each year, United States foundations award about $50 billion in grants to worthy nonprofits.So what does a foundation look for in a nonprofit when deciding on a grant application? Today on Inside the Hive, BUZZ creator Michael Hemphill welcomes Suzanne Thorniley and MaryJean Levin, board members of the Roanoke Women’s Foundation. The Roanoke Women’s Foundation is the grant-making leader in Roanoke, Virginia, awarding more than $370,000 a year … or a total of $3.8 million since the foundation’s inception in 2004.