The Friendship Village Charitable Trust
Support friends of faith retirement homes, inc.
The Friendship Village Charitable Trust at a glance
In short: The Friendship Village Charitable Trust gave $4.2M across 1 grant in 2026 (avg $4.2M), mostly in Iowa. Source: 2026 IRS Form 990.
- Annual giving (2026)
- $4,208,929
- -30.2% vs 2025
- Grants made (2026)
- 1
- +0.0% vs 2025
- Average grant
- $4,208,929
- -30.2% vs 2025
- Median grant
- $4,208,929
- Total assets
- $7,251,361
- -5.2% vs 2025
- Primary geography
- Iowa (100% of itemized 2026 grant dollars)
- Latest 990 filing
- Form 990, 2026 View filing
Data from IRS Form 990, 2026; updated September 2026.
Who The Friendship Village Charitable Trust funds
How this funder distributes its grants
Top Recipients
Top recipient in 2026
The largest 2026 recipient was Friends of Faith Retirement Homes ($4.2M).
Grant Size Distribution
5 grants across all recorded years
The most common grant size was $5M or more: 3 grants of 5 (60%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of the 2026 grant dollars on its one itemized grant.
States
Cities
How The Friendship Village Charitable Trust gives
- Giving fell 57% from 2023 to 2026. Method
From the foundation's IRS Form 990 filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2021 to 2026, annual grant giving ranged from $717K (2021) to $10.2M (2022). In 2026 it made 1 grant totaling $4.2M.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Friends of Faith Retirement Homes Waterloo, IA | Charitable Support | $4,208,929 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Net Investment Income |
|---|---|---|---|---|---|---|
| 2026 | $7,251,361 | $3,847,131 | $4,218,843 | $4,208,929 | 1 | $377,789 |
| 2025 | $7,648,262 | $4,090,613 | $6,052,091 | $6,033,259 | 1 | $1,246,647 |
| 2024 | $10,454,419 | $4,204,149 | $4,863,809 | $4,816,699 | 1 | $1,917,697 |
| 2023 | $12,065,067 | $4,671,933 | $9,932,631 | $9,893,906 | 1 | $1,565,031 |
| 2022 | $19,713,724 | $8,311,790 | $10,223,481 | $10,159,517 | 1 | $1,982,208 |
| 2021 | $22,691,329 | $1,059,440 | $769,689 | $717,089 | 1 | $426,417 |
About The Friendship Village Charitable Trust
Based on IRS filings
The Friendship Village Charitable Trust is a public charity focused on Housing & Shelter, based in Waterloo, IA. IRS filing data is available from 2021 through 2026. As of 2026, the organization holds $7.3M in total assets. In 2026, it awarded 1 grant totaling $4.2M. Net investment income was $378K.
Focus Areas
Leadership & Key People
Officers and directors from IRS filings
The Friendship Village Charitable Trust is led by Sherry Turner, President on every filing since 2025; 1 of 13 officers listed in 2026 is compensated.
Officers on the 2026 filing
Sherry Turner
President
On filings since 2025
40 hrs/week
$239K (2025) → $250K (2026)
Pastor Chris Rygh
Chairman
Secretary → Vice Chairman, 2022
Vice Chairman → Chairman, 2025
On filings since 2021
1 hr/week
No compensation reported
Pastor Tom Hlad
Trustee
On filings since 2021
1 hr/week
No compensation reported
Robert Smith Jr.
Trustee
On filings since 2021
1 hr/week
No compensation reported
Ronald Kiewiet
Trustee
On filings since 2021
1 hr/week
No compensation reported
Vera Wallican
Trustee
On filings since 2021
1 hr/week
No compensation reported
Rick Bauer
Trustee
On filings since 2022
1 hr/week
No compensation reported
Paul Smith
Trustee
New on the 2026 filing
1 hr/week
No compensation reported
Brad Morris
Past Chairman
Vice Chairman → Chairman, 2022
Chairman → Past Chairman, 2025
On filings since 2021
1 hr/week
No compensation reported
Craig Anderson
Vice Chair
Treasurer → Secretary, 2025
Secretary → Vice Chair, 2026
On filings since 2021
1 hr/week
No compensation reported
Jay Nardini
Treasurer
Past Chairman → Trustee, 2022
Trustee → Treasurer, 2025
On filings since 2021
1 hr/week
No compensation reported
Jim Grady
Board Member
Chairman → Past Chairman, 2022
Past Chairman → Board Member, 2025
On filings since 2021
1 hr/week
No compensation reported
Steve Gillen
Secretary
Trustee → Secretary, 2026
On filings since 2023
1 hr/week
No compensation reported
Former officers (9)
- Former: Lisa Gates (2021–2025) — Past President
- Former: Mark Tink (2021–2025) — Trustee
- Former: Pastor Quovadis Marshall (2021–2025) — Trustee
- Former: George Farber (2021–2024) — Trustee
- Former: Pastor Jesse Tink (2021–2024) — Secretary
- Former: Ron Weimer (2021–2023) — Trustee & Chaplain
- Former: Bob Smith (2023) — Trustee
- Former: Nancy Shirey (2023) — Trustee
- Former: Ronald Fiacco (2021) — Trustee
Data from IRS Form 990 filings, 2021–2026. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2026 IRS filing
The highest reported compensation on the 2026 filing was $250K, to Sherry Turner (President/Ce).
Frequently asked questions about The Friendship Village Charitable Trust
How much does The Friendship Village Charitable Trust give each year?
The Friendship Village Charitable Trust gave $4.2M across 1 grant in 2026, according to its 2026 IRS Form 990. In 2025 it gave $6.0M across 1 grant.
How large is The Friendship Village Charitable Trust?
The Friendship Village Charitable Trust reported $7.3M in total assets on its 2026 IRS Form 990. Its revenue that year was $3.8M.
What is The Friendship Village Charitable Trust?
The Friendship Village Charitable Trust is a public charity focused on Housing & Shelter, based in Waterloo, IA. It holds $7.3M in total assets as of 2026.
Where does The Friendship Village Charitable Trust operate?
The Friendship Village Charitable Trust has awarded grants in Iowa.
What is The Friendship Village Charitable Trust's EIN?
The Friendship Village Charitable Trust's EIN (Employer Identification Number) is 42-1527755. IRS Form 990 filing data is available on this page for 2021–2026.
Data last updated September 2026. Sourced from IRS Form 990 filings.
Data update history
(6)
When this profile's IRS filing data changed on Grantable
- Updated Form 990 for fiscal year 2021 (received by the IRS November 1, 2021)
- Updated Form 990 for fiscal year 2022 (received by the IRS January 16, 2023)
- Updated Form 990 for fiscal year 2023 (received by the IRS September 29, 2023)
- Updated Form 990 for fiscal year 2024 (received by the IRS November 1, 2024)
- Updated Form 990 for fiscal year 2025 (received by the IRS October 10, 2025)
- Added Form 990 for fiscal year 2026 (received by the IRS August 18, 2026)
Live grants for the work The Friendship Village Charitable Trust funds
Housing & Shelter Open opportunities, soonest deadline first.
Explore Open Grants
Browse active grant opportunities in The Friendship Village Charitable Trust's focus areas in our free grants database
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