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    5. Friendship Village Charitable Trust

    Friendship Village Charitable Trust

    ActiveHousing & Shelter
    WATERLOO, IA3192918100EIN: 42-15277554 filings on record
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    About Friendship Village Charitable Trust

    The Friendship Village Charitable Trust directs essentially all of its philanthropic resources to supporting a single local retirement community, Friends of Faith Retirement Homes. Its giving is explicitly focused on charitable support for long‑term residential care, likely tied to a faith‑based campus and its operations or capital needs in the Waterloo area. The foundation appears to function as a dedicated funder/endowment vehicle for that organization rather than a general purpose grantmaker.

    Focus Areas

    Faith‑based retirement community support (Friends of Faith Retirement Homes)Long‑term residential elder care and assisted living campus operationsCapital and charitable support for a single local senior care campus in Waterloo, IA

    Who They Fund

    unspecified/general public

    Giving Approach

    Extremely concentrated: nearly 100% of dollars go to one recurring grantee across multiple grants. Large, single‑beneficiary funding consistent with an endowment or designated supporter of one institution rather than diversified grantmaking.

    Funding Style

    general/unrestricted charitable supportresponsive/undesignated grants

    Financial Snapshot

    Annual Giving

    $6M

    Total Assets

    $7.6M

    Total Revenue

    $4.1M

    Total Expenses

    $6.1M

    Typical Grant Size

    Most grants fall between $7.4M and $10M, with a median of $9.9M.

    25th Percentile

    $7.4M

    Median

    $9.9M

    75th Percentile

    $10M

    Geographic Reach

    Local1 state funded

    About 100% of grants go to recipients in IA.

    Funding intensity
    Low
    High
    Headquarters

    Leadership

    LISA GATES

    Deep Analysis

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    Free account · instant fit score · similar funders
    small-scale/direct charitable funding

    Notable grantees: Friends of Faith Retirement Homes

    Topics

    general charitable activities/unspecified cause areas
    Latest 990 Filing

    2025

    Source: IRS Form 990-PF, fiscal year 2025.

    Recent Grants

    Most recent grants reported to the IRS.

    RecipientLocationAmountYearPurpose
    FRIENDS OF FAITH RETIREMENT HOMESWATERLOO, IA$6,033,2592025CHARITABLE SUPPORT
    FRIENDS OF FAITH RETIREMENT HOMESWATERLOO, IA$4,816,6992024CHARITABLE SUPPORT
    FRIENDS OF FAITH RETIREMENT HOMESWATERLOO, IA$10,159,5172023CHARITABLE SUPPORT
    FRIENDS OF FAITH RETIREMENT HOMESWATERLOO, IA$9,893,9062023CHARITABLE SUPPORT

    FRIENDS OF FAITH RETIREMENT HOMES

    $6,033,259
    WATERLOO, IA2025

    CHARITABLE SUPPORT

    FRIENDS OF FAITH RETIREMENT HOMES

    $4,816,699
    WATERLOO, IA2024

    CHARITABLE SUPPORT

    FRIENDS OF FAITH RETIREMENT HOMES

    $10,159,517
    WATERLOO, IA2023

    CHARITABLE SUPPORT

    FRIENDS OF FAITH RETIREMENT HOMES

    $9,893,906
    WATERLOO, IA2023

    CHARITABLE SUPPORT