The Life of Riley Foundation Inc
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.
Key facts about The Life of Riley Foundation Inc
In short: The Life of Riley Foundation Inc gave $45K across 2 grants in 2021 (avg $23K), mostly in Florida. Source: 2021 IRS Form 990-PF.
- EIN
- 65-1159968
- Latest 990 filing
- Form 990-PF, 2021
- Annual giving (2021)
- $45,055
- Grants made (2021)
- 2
- Average grant
- $22,528
- Median grant
- $22,528
- Total assets
- $880,187
- Primary geography
- Florida (100% of itemized 2021 grant dollars)
Data from IRS Form 990-PF, 2021; updated September 2026.
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.
How The Life of Riley Foundation Inc gives
- In 2021 it paid out 91% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method
From the foundation's IRS Form 990-PF filings. Methodology.
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2021 grant dollars across all 2 itemized grants.
States
Cities
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2021, annual grant giving ranged from $43K (2020) to $45K (2021). In 2021 it made 2 grants totaling $45K.
Grant Insights
How this funder distributes its grants
Top Recipients
Top 2 recipients in 2021
The largest 2021 recipient was Children's Cancer Center Inc ($41K). Together the top 2 received $45K.
Grant Size Distribution
5 grants across all recorded years
The most common grant size was under $50K: 5 grants of 5 (100%).
Giving History
Grant recipients and amounts by year
| 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 |
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 |
Data update history
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2021
Leadership & Key People
Officers and directors from IRS filings
The Life of Riley Foundation Inc is led by Ronald Saba, President on every filing since 2020; none of the 6 officers listed in 2021 report compensation.
Officers on the 2021 filing
Ronald Saba
President
On filings since 2020
15 hrs/week
No compensation reported
Kelly G. Saba
Director & Vice President
On filings since 2020
5 hrs/week
No compensation reported
Mary Jo Heider
Director
On filings since 2020
1 hr/week
No compensation reported
Mary Kathleen O'Connor
Director
On filings since 2020
1 hr/week
No compensation reported
Joeline Wells
Treasurer
On filings since 2020
15 hrs/week
No compensation reported
Melissa Bart
Secretary
On filings since 2020
5 hrs/week
No compensation reported
Data from IRS Form 990 filings, 2020–2021. "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 The Life of Riley Foundation Inc
How much does The Life of Riley Foundation Inc give each year?
The Life of Riley Foundation Inc gave $45K across 2 grants in 2021, according to its 2021 IRS Form 990-PF. In 2020 it gave $43K across 3 grants.
How large is The Life of Riley Foundation Inc?
The Life of Riley Foundation Inc reported $880K in total assets on its 2021 IRS Form 990-PF. It paid out $45K in qualifying distributions that year, against a required minimum of $49K (roughly 5% of its investment assets). Falling short in one year is not a violation: foundations have until the end of the next year to meet the minimum.
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.
Where does The Life of Riley Foundation Inc operate?
The Life of Riley Foundation Inc has awarded grants in Florida.
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.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
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