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.
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.
$6M
$7.6M
$4.1M
$6.1M
Most grants fall between $7.4M and $10M, with a median of $9.9M.
25th Percentile
$7.4M
Median
$9.9M
75th Percentile
$10M
About 100% of grants go to recipients in IA.
LISA GATES
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Notable grantees: Friends of Faith Retirement Homes
2025
Source: IRS Form 990-PF, fiscal year 2025.
Most recent grants reported to the IRS.
| Recipient | Location | Amount | Year | Purpose |
|---|---|---|---|---|
| FRIENDS OF FAITH RETIREMENT HOMES | WATERLOO, IA | $6,033,259 | 2025 | CHARITABLE SUPPORT |
| FRIENDS OF FAITH RETIREMENT HOMES | WATERLOO, IA | $4,816,699 | 2024 | CHARITABLE SUPPORT |
| FRIENDS OF FAITH RETIREMENT HOMES | WATERLOO, IA | $10,159,517 | 2023 | CHARITABLE SUPPORT |
| FRIENDS OF FAITH RETIREMENT HOMES | WATERLOO, IA | $9,893,906 | 2023 | CHARITABLE SUPPORT |
FRIENDS OF FAITH RETIREMENT HOMES
$6,033,259CHARITABLE SUPPORT
FRIENDS OF FAITH RETIREMENT HOMES
$4,816,699CHARITABLE SUPPORT
FRIENDS OF FAITH RETIREMENT HOMES
$10,159,517CHARITABLE SUPPORT
FRIENDS OF FAITH RETIREMENT HOMES
$9,893,906CHARITABLE SUPPORT