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Lifenet Foundation

Foundation · Grantmaker Virginia Beach, VA EIN: 54-2015370 Website

See schedule o.

Key facts about Lifenet Foundation

In short: Lifenet Foundation gave $55K across 2 grants in 2024 (avg $28K), mostly in Virginia. Source: 2024 IRS Form 990 filing.

EIN
54-2015370
Latest 990 filing
Form 990 filing, 2024
Annual giving (2024)
$55,163
Grants made (2024)
2
Average grant
$27,582
Median grant
$27,582
Total assets
$2,648,840
Primary geography
Virginia (82% 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

$2.6M

+31.2% YoY

Annual Giving

$55K

+38.7% YoY

Grant Count

2

-33.3% YoY

Avg Grant Size

$28K

+108.0% YoY

How Lifenet Foundation gives

  • Giving held roughly steady from 2021 to 2024 (−13%). Method

From the foundation's IRS Form 990 filings. Methodology.

About Lifenet Foundation

Based on IRS filings

Lifenet Foundation is a nonprofit organization focused on Human Services, based in Virginia Beach, VA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $2.6M in total assets. In 2024, it awarded 2 grants totaling $55K. Net investment income was $67K.

Focus Areas

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

3states

Share of all 2 itemized 2024 grant dollars.

Cities

Virginia BeachRentonRichmondAtlantaLynchburgNorfolk

Giving Over Time

Total grant dollars and number of grants per year

$0$25K$50K$75K$100K5 grants20203 grants20214 grants20223 grants20232 grants2024

Grant Insights

How this funder distributes its grants

Top Recipients

Top 2 recipients in 2024

Lifenet Health: $45KLifenet Health$45KLifenet Health Northwest: $10KLifenet Health Northwest$10K

Grant Size Distribution

17 grants across all recorded years

16<$50K1$50–100K$100–250K$250–500K$500K–1M$1–5M$5M+

Giving History

Grant recipients and amounts by year

RecipientPurposeAmount
LIFENET HEALTH Virginia Beach, VADONOR FAMILY SERVICES$45,163
LIFENET HEALTH NORTHWEST Renton, WADONOR FAMILY SERVICES$10,000

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$200K$400K$600K20202021202220232024
Metric202420232022
Total Assets$2,648,840$2,019,354$1,924,814
Revenue$374,374$199,934$293,196
Expenses$103,824$103,179$136,293
Qualifying Distributions———
Net Investment Income$66,914$16,726$169
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

Lifenet Foundation is led by Doug Wilson, Chair on every filing since 2020; none of the 4 officers listed in 2024 report compensation.

Officers on the 2024 filing

  • Doug Wilson

    Chair

    On filings since 2020

    1 hr/week

    No compensation reported

  • Gordon Berkstresser

    Secretary

    Board Member & CFO → Secretary, 2021

    On filings since 2020

    1 hr/week

    No compensation reported

  • Rony Thomas

    Board Member

    Board Member → President & Director, 2022

    President & Director → Board Member, 2023

    On filings since 2020

    1 hr/week

    No compensation reported

  • J. Philip Jones

    Treasurer & CFO

    Treasurer → Treasurer & CFO, 2023

    On filings since 2022

    1 hr/week

    No compensation reported

Former officers (2)
  • Former: Ann Lange (2020–2023) — Board Member
  • Former: Darrell Jessee (2020–2023) — Board Member

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.

Frequently asked questions about Lifenet Foundation

How much does Lifenet Foundation give each year?

Lifenet Foundation gave $55K across 2 grants in 2024, according to its 2024 IRS Form 990 filing. In 2023 it gave $40K across 3 grants.

How large is Lifenet Foundation?

Lifenet Foundation reported $2.6M in total assets on its 2024 IRS Form 990 filing. Its revenue that year was $374K.

What is Lifenet Foundation?

Lifenet Foundation is a nonprofit organization focused on Human Services, based in Virginia Beach, VA. It holds $2.6M in total assets as of 2024.

Where does Lifenet Foundation operate?

Lifenet Foundation has awarded grants in Georgia, Virginia, Washington.

What is Lifenet Foundation's EIN?

Lifenet Foundation's EIN (Employer Identification Number) is 54-2015370. 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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