Life Ring Foundation
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.
Life Ring Foundation at a glance
In short: Life Ring Foundation gave $52K across 3 grants in 2024 (avg $17K), mostly in Virginia. Source: 2024 IRS Form 990.
- Annual giving (2024)
- $52,000
- -89.8% vs 2023
- Grants made (2024)
- 3
- +50.0% vs 2023
- Average grant
- $17,333
- -93.2% vs 2023
- Median grant
- $12,000
- Total assets
- $1,859,132
- +502.7% vs 2023
- Primary geography
- Virginia (100% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990, 2024 View filing
Data from IRS Form 990, 2024; updated September 2026.
Who Life Ring Foundation funds
How this funder distributes its grants
Top Recipients
Top 3 recipients in 2024
The largest 2024 recipient was Childrens Miracle Network ($30K). Together the top 3 received $52K.
Grant Size Distribution
12 grants across all recorded years
The most common grant size was under $50K: 11 grants of 12 (92%).
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2024, annual grant giving ranged from $46K (2020) to $510K (2023). In 2024 it made 3 grants totaling $52K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Childrens Miracle Network Roanoke, VA | General Support | $30,000 |
| VWCC Educational Foundation Roanoke, VA | General Support | $12,000 |
| Va Tech Foundation Blacksburg, VA | General Support | $10,000 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Net Investment Income |
|---|---|---|---|---|---|---|
| 2024 | $1,859,132 | $1,812,983 | $342,119 | $52,000 | 3 | $35,900 |
| 2023 | $308,491 | $692,792 | $608,076 | $510,000 | 2 | $138,757 |
| 2022 | $216,961 | $101,106 | $85,757 | $66,887 | 4 | $7,815 |
| 2020 | $233,633 | $21,459 | $71,440 | $45,500 | 3 | $4,121 |
About Life Ring Foundation
Based on IRS filings
Life Ring Foundation is a public charity, 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
Leadership & Key People
Officers and directors from IRS filings
Life Ring Foundation is led by Kelly S. Woolwine, President on every filing since 2020; 1 of 7 officers listed in 2024 is compensated.
Officers on the 2024 filing
Kelly S. Woolwine
President
On filings since 2020
1 hr/week
No compensation reported
Richard E. Woolwine
Director
On filings since 2020
1 hr/week
No compensation reported
Elizabeth R. Martin MD
Director
On filings since 2023
1 hr/week
No compensation reported
Brandon Lacroix
Director
New on the 2024 filing
1 hr/week
No compensation reported
Jordan Bousman
Vice President of Philan
On filings since 2023
40 hrs/week
$38K (2023) → $107K (2024)
Sarah F. Wilson
Executive Di
Executive Director → Executive Di, 2023
On filings since 2020
40 hrs/week
No compensation reported
Jessica O. Woolwine
Vice President
On filings since 2023
1 hr/week
No compensation reported
Data from IRS Form 990 filings, 2020–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2024 IRS filing
The highest reported compensation on the 2024 filing was $107K, to Jordan Bousman (VP of Philan).
Frequently asked questions about Life Ring Foundation
How much does Life Ring Foundation give each year?
Life Ring Foundation gave $52K across 3 grants in 2024, according to its 2024 IRS Form 990. In 2023 it gave $510K across 2 grants.
What is Life Ring Foundation's typical grant size?
Life Ring Foundation's median grant in 2024 was $12,000, and its average grant was $17,333, across 3 grants on its 2024 IRS Form 990.
Where does Life Ring Foundation give grants?
Life Ring Foundation gives mostly in Virginia: 100% of the grant dollars itemized on its 2024 IRS Form 990 went to recipients there. The most frequent recipient cities were Roanoke, VA (2 grants).
Does Life Ring Foundation give general operating support?
Yes: 100% of Life Ring Foundation's 2024 grants with a stated purpose (3 of 3) were for general or operating support, per its 2024 IRS Form 990.
How large is Life Ring Foundation?
Life Ring Foundation reported $1.9M in total assets on its 2024 IRS Form 990. Its revenue that year was $1.8M.
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.
Data last updated September 2026. Sourced from IRS Form 990 filings.
Data update history
(5)
When this profile's IRS filing data changed on Grantable
- Updated Form 990 for fiscal year 2020 (received by the IRS November 12, 2021)
- Updated Form 990 for fiscal year 2022 (received by the IRS August 9, 2023)
- Updated Form 990 for fiscal year 2023 (received by the IRS November 12, 2024)
- Updated Form 990 for fiscal year 2024 (received by the IRS November 13, 2025)
- IRS filings on file for fiscal years 2020–2024
Live grants for the work Life Ring Foundation funds
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