The Life of Riley Foundation Inc is a private foundation focused on Medical Research, based in SARASOTA, FL. IRS filing data is available from 2020 through 2021. As of 2021, the organization holds $880K in total assets. In 2021, it awarded 2 grants totaling $45K. Net investment income was $82K.
Financial Overview
From 2021 IRS Form 990-PF · View filing
Total Assets
$880K
+4.5% YoY
Annual Giving
$45K
+4.1% YoY
Grant Count
2
-33.3% YoY
Avg Grant Size
$23K
+56.1% YoY
Under IRS private-foundation payout rules, The Life of Riley Foundation Inc reported a distributable amount of $49K for 2021 — the minimum it must pay out in qualifying distributions.
About The Life of Riley Foundation Inc
Based on IRS filings
The Life of Riley Foundation Inc is a private foundation focused on Medical Research, based in SARASOTA, FL. IRS filing data is available from 2020 through 2021. As of 2021, the organization holds $880K in total assets. In 2021, it awarded 2 grants totaling $45K. Net investment income was $82K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2021 | 2020 |
|---|---|---|
| Total Assets | $880,187 | $842,628 |
| Revenue | $93,316 | $56,607 |
| Expenses | $55,757 | $55,174 |
| Qualifying Distributions | $45,055 | — |
| Net Investment Income | $81,950 | $40,648 |
| Distributable Amount | $49,427 | $46,129 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 2 recipients in 2021
Grant Size Distribution
5 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2021 grants, the largest include Children's Cancer Center Inc ($40,924), Support to Various Families ($4,131).
| Recipient | Purpose | Amount |
|---|---|---|
| CHILDREN'S CANCER CENTER INC TAMPA, FL | DONATIONS TO CHARITY FOR THE SUPPORT OF CHILDREN WITH CANCER. | $40,924 |
| SUPPORT TO VARIOUS FAMILIES SARASOTA, FL | FINANCIAL SUPPORT FOR FAMILY WITH A CHILD BEING TREATED FOR A BRAIN TUMOR | $4,131 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2021 IRS filing
From 2021 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| KELLY R SABA | DIRECTOR | 5 | — |
| MARY KATHLEEN O'CONNOR | DIRECTOR | 1 | — |
| MARY JO HEIDER | DIRECTOR | 1 | — |
| KELLY G SABA | VICE PRESIDENT | 5 | — |
| RONALD SABA | PRESIDENT | 15 | — |
| JOELINE WELLS | TREASURER | 15 | — |
| MELISSA BART | SECRETARY | 5 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is The Life of Riley Foundation Inc?
The Life of Riley Foundation Inc is a private foundation focused on Medical Research, based in SARASOTA, FL. It holds $880K in total assets as of 2021.
How large is The Life of Riley Foundation Inc?
As of 2021, The Life of Riley Foundation Inc holds $880K in total assets with $93K in annual revenue. It awarded 2 grants totaling $45K in 2021.
Where does The Life of Riley Foundation Inc operate?
The Life of Riley Foundation Inc has awarded grants in Florida.
What size grants does The Life of Riley Foundation Inc award?
In 2021, The Life of Riley Foundation Inc awarded 2 grants totaling $45K — an average of about $23K per grant, based on its IRS Form 990 filings.
How much is The Life of Riley Foundation Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2021, The Life of Riley Foundation Inc reported a distributable amount of $49K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The Life of Riley Foundation Inc's EIN?
The Life of Riley Foundation Inc's EIN (Employer Identification Number) is 65-1159968. IRS Form 990 filing data is available on this page for 2020–2021.
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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