FAQ's

The Lifespace Foundation q&a

What is the Lifespace Foundation?

The Lifespace Foundation is the charitable arm of Lifespace Communities. It serves to separate the main business interests of Lifespace Communities from the charitable mission which sets it apart from similar organizations. The Lifespace Foundation was established to create a distinction between the fees-for-services that our residents pay for living in a Lifespace community and the donations they and others give to support older adults and others served through the mission of The Foundation.

Why does Lifespace Communities need a charitable arm?

Lifespace Communities has 12 communities in seven states, providing a home for nearly 4,500 residents and a workplace for more than 2,500 team members. Lifespace Communities has guaranteed to provide residents a safe, comfortable life.  Thanks to philanthropic support, The Lifespace Foundation is able to go above and beyond those commitments, providing enhanced services and programs for our residents.

Are gifts to The Lifespace Foundation tax deductible?

Yes.  The Lifespace Foundation is recognized by the IRS as a 501(c)(3) organization. Our tax identification number is 42-1370848. The Lifespace Foundation is exempt from federal income tax under the federal tax code.

What is the Mission of The Lifespace Foundation?

To support the health and welfare of our residents through philanthropy.

When I donate to the Foundation, where does the money go?

Each Lifespace Community has funds restricted for use at that community. A donor may choose to support one of the community specific funds or one of the four Lifespace Foundation community-wide funds.  See “Support our Mission” for more information about available funds to support. If a gift is undesignated, the money will support the General Use Fund at the community of choice.  If a donor is not a current or former resident and no community is designated, that gift will support The Lifespace Foundation General Use Fund. The Lifespace Foundation General Use Fund is to be used as an umbrella to support any of the communities in a time of need.

What is The Lifespace Foundation's disclosure statement?

The Lifespace Foundation is a 501(c)(3) tax-exempt organization soliciting tax-deductible private contributions for the benefit of Lifespace Communities, Inc. functions as a supporting organization under Section 509(a)(3) of the Internal Revenue Code of 1986 (“Code”) for the benefit of Lifespace Communities, Inc., an Iowa nonprofit corporation, which is a publicly supported charity under Section 509(a)(2) of the Code. Read more

If I restrict my gift to a specific program or community does it really go there?

Absolutely. When funds are donated to The Lifespace Foundation they are directly deposited, earmarked and coded to the specific community and fund to which the funds have been designated.

If I contribute to specific program, how do I know it will be designated for my community?

The Lifespace Foundation has several ways to ensure that your gift stays in your community. Each of our Lifespace Communities has its own, uniquely designated funds which are never commingled.  After a donation is made, donors will receive an acknowledgement letter confirming the fund to which the gift was designated, if this is incorrect, do not hesitate to reach out to The Foundation to let us know.

What is my community’s Foundation Advisory Committee?

A Foundation Advisory Committee (FAC) is a group of residents and team members within each community that volunteer as advisors to the Foundation Director and serve as ambassadors for the Foundation in your community.  The committee meets on a regular basis, usually once a month.  Committee members identify and review needs within your community that may be supported through The Lifespace Foundation.Click on “Communities” section to find out who is on your community’s Foundation Advisory Committee.

Does The Lifespace Foundation accept wire transfers of cash or gifts of stock?

Of course, you will need the following information to proceed with:
1) Wire Transfer of cash, send to:
Bankers Trust
453 7th Street
Des Moines, IA 50309
ABA #: 073000642
Account #: 89222
2) Transfer of stock or securities, send to:
Fidelity’s DTC Clearing A/C #0226
Fidelity’s Agent Bank ID #62959
Bankers Trust’s Institution ID #62959
A/C: Bankers Trust #656251766 FBO: The Lifespace Foundation__
Our EIN federal tax ID number: 42-1370848

Please include this language with your authorization: “The purpose of this transfer is a gift of securities to The Lifespace Foundation to benefit (name of fund) for specific use at (name of community or The Lifespace Foundation).” It is also highly recommended that a donor inform us directly when a transfer is planned so that we can properly designate and acknowledge this gift in the shortest time possible.

I would like to make a gift to The Lifespace Foundation for memorials. Is the family notified of my gift?

Yes, there are many residents and family members who designate The Lifespace Foundation for tribute gifts in memory of or to honor a loved one or friend.  When tribute gifts are received, we thank the donor with a special letter and also send a tribute notification to family of the deceased or the honoree.  Only the donor name and address is shared in these letters to the family or the honoree.

What is the Foundation Address?

The home office is located at 4201 Corporate Drive, West Des Moines, IA 50266. Phone number (515)288-5805

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