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
No grants recorded for .
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
Related Funders
Similar funders by location and focus area
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Grants
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Total Given
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Assets
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Total Given
$15K
Lawrence and Ira Straus Charitable Tr
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Assets
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Grants
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Total Given
$8K
Iraqi Children Foundation Inc
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Assets
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Total Given
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Mjh Foundation
VIRGINIA BEACH, VA
Assets
$46.5M
Grants
1
Total Given
$1.9M
The Roth Family Foundation
ARLINGTON, VA
Assets
$67K
Grants
1
Total Given
$25K
Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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