Lifespace Foundation

Name

Lifespace Foundation

Legal name

The Lifespace Foundation

Website

https://thelifespacefoundation.org

Company type

Private

Founded year

1992

Operating status

Operating

Headcount range

1–10 employees

Short description

The Lifespace Foundation is a 501(c)(3) nonprofit founded in 1992 as the charitable arm of Lifespace Communities, raising tax-deductible donations across 16 senior living communities to fund benevolent care, team member scholarships, and resident-driven community enhancement projects.

Ownership category

akta.pro rank

Product category

Senior Living Philanthropy

NAICS

Grantmaking Foundations (813211), Grantmaking and Giving Services (81321), Services for the Elderly and Persons with Disabilities (624120)

SIC

Services-Social Services (8300)

akta.pro primary industry

Public Charities & Grantmaking Intermediaries (BPAGAKAE)

akta.pro secondary industries

Elder Services & Aging Support (BPAGAEAF), Charitable Giving & Philanthropic Trust Advisory (FSAEAKAH)

Keywords

• Charitable foundation giving
• Benevolent care fund
• Team member scholarships
• Senior living philanthropy
• Planned giving programs

Headquarters

HQ city

Dallas

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Others

Revenue model

1. Charitable Donations: The Foundation receives tax-deductible charitable contributions from donors including residents, team members, families, and friends. Donations support benevolent care, team member scholarships, community enhancement projects, and emergency assistance. The Foundation is a 501(c)(3) tax-exempt organization (EIN 42-1370848).
2. Planned Giving: The Foundation offers planned giving options including charitable remainder trusts, charitable gift annuities, beneficiary designations, and gifts through wills. These vehicles allow donors to make significant contributions while receiving tax benefits and sometimes lifetime income payments.
3. Monthly Giving Program: Donors can set up recurring monthly contributions to support the Foundation's mission. This provides steady revenue stream and allows donors to give incrementally over time.

Go-to-market motion1 record

Distribution channels7 records

Marketing channels8 records

Core offering

The Lifespace Foundation solicits and manages tax-deductible charitable contributions that fund three programs for the 16 Lifespace senior living communities: a Benevolent Care Fund guaranteeing lifetime care for residents who outlive their financial resources, Team Member Scholarships and an Emergency Assistance Fund for the 2,500+ employees, and Community Projects & Programming for resident-driven enhancements such as fitness centers, gardens, and spiritual centers. Donations are accepted via one-time gifts, monthly giving, planned giving, IRA qualified charitable distributions, vehicle donations, stock transfers, and tribute gifts.

Product overview

The Lifespace Foundation is a 501(c)(3) charitable organization serving as the philanthropic arm of Lifespace Communities, a senior living provider. The Foundation operates as a unified charitable platform organized around three core pillars: Benevolent Care Fund (ensuring lifetime care for residents who outlive their resources), Community Projects & Programming (funding community enhancements like fitness centers, murals, gardens, and spiritual centers), and Team Member Support (providing scholarships up to $5,000 per year and emergency assistance funds). The organization manages various donation vehicles including one-time gifts, monthly giving, planned giving, IRA gifts, vehicle donations, and stock transfers to support these programs across 16 Lifespace Communities serving nearly 4,500 residents and 2,500 team members.

Differentiator

Problem solved

Functional benefit

Products and services

• Benevolent Care Fund Charitable program ensuring that Life Care residents of Lifespace Communities receive lifetime care and support even if they outlive their financial resources through no fault of their own. Funded by donations from residents, team members, families, and friends.
• Community Projects & Programming Resident-driven charitable funding for community-specific enhancement projects such as fitness centers, outdoor spaces, murals, gardens, and spiritual care centers across the 16 Lifespace Communities.
• Team Member Scholarships Educational scholarships of up to $5,000 per team member per year to pursue educational dreams in any field of study or vocational program, available to more than 2,500 team members across 11 of 16 Lifespace communities.
• Team Member Emergency Assistance (TMEA) Fund Emergency financial assistance for Lifespace team members experiencing severe financial challenges, covering emergency car repairs, family health emergencies, and emergency home repairs.
• Charitable Donation Management Tax-deductible charitable donation processing for individuals, including one-time gifts, monthly recurring gifts, planned giving, tribute gifts, IRA QCDs, vehicle donations, and stock transfers. All contributions support Benevolent Care, Team Member Support, and Community Projects.

Quantifiable outcome

• $366,000 awarded to 108 team members in scholarships (2024-25 academic year)
• +4 more outcomes

Named customers7 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Scale indicators17 records

Recent moves7 records

Expansion highlights5 records

Direct peers

• Presbyterian Senior Living Foundation: Fundraising arm of Presbyterian Senior Living, a faith-affiliated senior-living operator across multiple states. Comparable as a multi-community supporting foundation focused on resident benevolence and community enhancements.
• Five Star Senior Living Foundation: Charitable/philanthropic efforts associated with Five Star Senior Living, a senior-living operator with a multi-state footprint. Comparable as a senior-living-affiliated philanthropic entity serving residents and team members across multiple communities.
• Acts Retirement-Life Communities Foundation: Charitable foundation supporting Acts Retirement-Life Communities, a faith-based senior-living operator with multiple Life Plan communities. Comparable as a peer supporting-organization structure underwriting benevolent care and community programming for Life Care residents.
• Hebrew SeniorLife Foundation: Charitable foundation supporting Hebrew SeniorLife, a nonprofit senior services organization operating Life Plan and assisted living communities in Massachusetts. Comparable in mission (benevolent care, resident quality-of-life) and donor engagement model.
• Westminster Communities Foundation: Foundation arm of Westminster Communities, a senior-living nonprofit serving multiple Life Plan communities. Comparable as a multi-site charitable foundation stewarding benevolent care funds, scholarships, and capital projects for senior residents.
• Asbury Foundation: Philanthropic arm of Asbury Communities, a senior-living nonprofit operating multiple continuing-care communities. Closest comparable peer: another multi-community supporting foundation funding benevolent care, team member scholarships, and resident-driven community enhancement projects.
• National Senior Living Foundation: Industry nonprofit foundation supporting quality-of-life initiatives for seniors across multiple senior-living providers. Comparable as a senior-focused grantmaking and donor-advocacy entity, though more diffuse in scope than the Lifespace Foundation.
• Friendship Senior Options Foundation: Charitable arm of Friendship Senior Options (which includes Friendship Village communities). Notably, individual Friendship Village communities are explicitly listed among Lifespace Foundation beneficiaries, making this an immediately adjacent operating-model peer with overlapping donor and beneficiary populations.

Others

• LeadingAge: National industry association representing nonprofit senior services providers, including faith-based and mission-driven communities like Lifespace. Relevant as the broader ecosystem/contextual peer rather than a direct fundraising competitor.
• National Philanthropic Trust: Independent donor-advised fund sponsor and philanthropic infrastructure provider. Comparable as a peer in offering charitable giving vehicles and planned-giving administration services, though operating at very different scale and not tied to a single senior-living operator.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks4 records

Customer concentration

• Facebookfacebook.com/LifespaceCommunities
• LinkedInlinkedin.com/company/the-lifespace-foundation

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Lifespace Foundation