Life Ring Foundation logo

Life Ring Foundation

Grantmaker Roanoke, VA EIN: 27-0927269 Website

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.

Key facts about Life Ring Foundation

In short: Life Ring Foundation gave $52K across 3 grants in 2024 (avg $17K), mostly in Virginia. Source: 2024 IRS Form 990 filing.

EIN
27-0927269
Latest 990 filing
Form 990 filing, 2024
Annual giving (2024)
$52,000
Grants made (2024)
3
Average grant
$17,333
Median grant
$12,000
Total assets
$1,859,132
Primary geography
Virginia (100% of itemized 2024 grant dollars)

Data from IRS Form 990 filing, 2024; updated September 2026.

Financial Overview

From 2024 IRS Form 990 filing · 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, 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.

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

3states

Share of all 3 itemized 2024 grant dollars.

Cities

RoanokeBlacksburgBeavertonCincinnati

Giving Over Time

Total grant dollars and number of grants per year

$0$200K$400K$600K3 grants20204 grants20222 grants20233 grants2024

From 2020 to 2024, annual grant giving ranged from $46K (2020) to $510K (2023). In 2024 it made 3 grants totaling $52K.

Grant Insights

How this funder distributes its grants

Top Recipients

Top 3 recipients in 2024

Childrens Miracle Network: $30KChildrens Miracle Network$30KVWCC Educational Foundation: $12KVWCC Educational Foundation$12KVa Tech Foundation: $10KVa Tech Foundation$10K

The largest 2024 recipient was Childrens Miracle Network ($30K). Together the top 3 received $52K.

Grant Size Distribution

12 grants across all recorded years

11<$50K$50–100K$100–250K$250–500K1$500K–1M$1–5M$5M+

The most common grant size was under $50K: 11 grants of 12 (92%).

Giving History

Grant recipients and amounts by year

RecipientPurposeAmount
Childrens Miracle Network Roanoke, VAGeneral Support$30,000
VWCC Educational Foundation Roanoke, VAGeneral Support$12,000
Va Tech Foundation Blacksburg, VAGeneral Support$10,000

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Net Investment Income
$0$500K$1M$1.5M$2M2020202220232024
Metric202420232022
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———

Data update history

When this profile's IRS filing data changed on Grantable

  1. IRS filings on file for fiscal years 2020–2024

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

Jordan Bousman — VP of Philan: $107KJordan BousmanVP of Philan$107K

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 filing. 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 filing.

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 filing 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 filing.

How large is Life Ring Foundation?

Life Ring Foundation reported $1.9M in total assets on its 2024 IRS Form 990 filing. 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.

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