THE FOUNDATION WAS CREATED TO PROVIDE CHARITABLE AND EMERGENCY ASSISTANCE TO INDIVUDUALS AND TAX-EXEMPT ORGANIZATIONS. THE FOUNDATION ALSO FUNDS SCHOLARSHIPS FOR INDIVIDUALS TO ATTEND VIRGINIA TECH.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$1.9M
+502.7% YoY
Annual Giving
$52K
-89.8% YoY
Grant Count
3
+50.0% YoY
Avg Grant Size
$17K
-93.2% YoY
About Life Ring Foundation
Based on IRS filings
Life Ring Foundation is a nonprofit organization focused on Philanthropy, Voluntarism & Grantmaking, based in ROANOKE, VA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $1.9M in total assets. In 2024, it awarded 3 grants totaling $52K. Net investment income was $36K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $1,859,132 | $308,491 | $216,961 |
| Revenue | $1,812,983 | $692,792 | $101,106 |
| Expenses | $342,119 | $608,076 | $85,757 |
| Qualifying Distributions | — | — | — |
| Net Investment Income | $35,900 | $138,757 | $7,815 |
| Distributable Amount | — | — | — |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 3 recipients in 2024
Grant Size Distribution
12 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Childrens Miracle Network ($30,000), Vwcc Educational Foundation ($12,000), Va Tech Foundation ($10,000).
| Recipient | Purpose | Amount |
|---|---|---|
| CHILDRENS MIRACLE NETWORK ROANOKE, VA | GENERAL SUPPORT | $30,000 |
| VA TECH FOUNDATION BLACKSBURG, VA | GENERAL SUPPORT | $10,000 |
| VWCC EDUCATIONAL FOUNDATION ROANOKE, VA | GENERAL SUPPORT | $12,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| JORDAN BOUSMAN | VP OF PHILAN | 40 | $106,778 |
| BRANDON LACROIX | DIRECTOR | 1 | — |
| ELIZABETH R MARTIN MD | DIRECTOR | 1 | — |
| SARAH F WILSON | EXECUTIVE DI | 40 | — |
| JESSICA O WOOLWINE | VICE PRESIDE | 1 | — |
| KELLY S WOOLWINE | PRESIDENT | 1 | — |
| RICHARD E WOOLWINE | DIRECTOR | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Life Ring Foundation?
Life Ring Foundation is a nonprofit organization focused on Philanthropy, Voluntarism & Grantmaking, based in ROANOKE, VA. It holds $1.9M in total assets as of 2024.
How large is Life Ring Foundation?
As of 2024, Life Ring Foundation holds $1.9M in total assets with $1.8M in annual revenue. It awarded 3 grants totaling $52K in 2024.
Where does Life Ring Foundation operate?
Life Ring Foundation has awarded grants in Ohio, Oregon, Virginia.
What size grants does Life Ring Foundation award?
In 2024, Life Ring Foundation awarded 3 grants totaling $52K — an average of about $17K per grant, based on its IRS Form 990 filings.
What is Life Ring Foundation's EIN?
Life Ring Foundation's EIN (Employer Identification Number) is 27-0927269. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Life Ring Foundation's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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