This foundation directs virtually all of its giving to preserving and expanding affordable rental housing for low-income people, with particular attention to projects tied to its Olive Manor senior housing identity. Its grants are large and targeted, supporting practical housing preservation work rather than broad social services or policy advocacy. The foundation appears locally focused and operationally oriented, funding organizations that develop, rehabilitate, or maintain affordable units.
Highly concentrated: very few grants (2) totaling nearly $2M, both to the same organization—repeat, large-dollar awards to a single operational housing preservation partner rather than many small or experimental grants.
$1.9M
$52K
$354
$341K
Most grants fall between $655K and $1.3M, with a median of $970K.
25th Percentile
$655K
Median
$970K
75th Percentile
$1.3M
About 100% of grants go to recipients in TN.
MATTHEW OSBORNE
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Notable grantees: Housing Preservation Inc
2025
Source: IRS Form 990-PF, fiscal year 2025.
Most recent grants reported to the IRS.
| Recipient | Location | Amount | Year | Purpose |
|---|---|---|---|---|
| HOUSING PRESERVATION INC | MEMPHIS, TN | $340,000 | 2025 | GENERAL PURPOSE |
| HOUSING PRESERVATION INC | MEMPHIS, TN | $1,600,000 | 2023 | TO FURTHER AFFORDABLE HOUSING OPPORTUNITIES TO LOW-INCOME INDIVIDUALS AND FAMILIES. |
HOUSING PRESERVATION INC
$340,000GENERAL PURPOSE
HOUSING PRESERVATION INC
$1,600,000TO FURTHER AFFORDABLE HOUSING OPPORTUNITIES TO LOW-INCOME INDIVIDUALS AND FAMILIES.