The Oakwood Foundation, often referred to as Oakwood Village after the institution it supports, is a nonprofit charity that supports assisted living facilities in Madison, Wisconsin, and operates on two campuses called Oakwood Village University Woods and Oakwood Village Prairie Ridge. Donations to the Oakwood Village consortium are processed through the Oakwood Foundation. ^{1 2 3}

History and Activities

The Oakwood Village Foundation is a charitable nonprofit that supports Oakwood Village, a collection of assisted living communities for seniors in Madison, Wisconsin, sponsored by Oakwood Lutheran Senior Ministries. Donations to Oakwood Village are processed through the Oakwood Foundation and the Oakwood Foundation is the official fundraising arm of Oakwood Lutheran Senior Ministries. ^{2 3}

The first Oakwood Village facility was founded in 1948. The Oakwood Village Foundation was formed in 1981 and supports two main campuses in Madison, Wisconsin, called Oakwood Village Prairie Ridge and Oakwood Village University Woods, which themselves are further subdivided based on the type of living arrangement offered, including homes and apartments. The Oakwood Foundation says it exists to provide better service to seniors living in its assisted living communities than would be possible through resident fees alone, including by supporting staff training, adopting new technology for care delivery, and enhancing community spaces. ^{2 3}

In 2022, the Oakwood Foundation financially supports three assisted living facility organizations: Oakwood Village University Woods Homes, Oakwood Village University Woods Apartments, and Oakwood Village Prairie Ridge Homes. All three organizations are located in Madison, Wisconsin. According to tax filings, in 2022, the Oakwood Foundation provided $5,150,336 to support the general operations of Oakwood Village University Woods Homes, $72,411 to support Oakwood Village University Woods Apartments, and $644,016 to support Oakwood Village Prairie Ridge Homes. Other organizations affiliated with the Oakwood Foundation but that were not financially supported in 2022 include Oakwood Village Prairie Ridge Apartments and Oakwood Lutheran Senior Ministries. ¹

Leadership

According to tax filings, the president and chief executive officer of the Oakwood Foundation as of 2022 was Reginald Hislop III. According to his LinkedIn, Hislop ended his tenure as CEO of Oakwood Lutheran Senior Ministries, a group closely associated with the Oakwood Foundation, in December 2022. Hislop was previously the CEO of Larkfield Place Retirement Communities in Wichita, Kansas, and as of November 2024, was the co-founder and managing partner of H2 Healthcare. ⁵

According to tax filings, in 2022 the executive director of the Oakwood Foundation was Christine O’Donnell. According to LinkedIn, O’Donnell became the CEO of Oakwood Village in 2021. Previously, O’Donnell was the director of finance at River’s End Trading Company and a senior manager of finance at American Girl. ^{1 6}

Partners

The Oakwood Foundation publicly lists community partners that offer financial support to Oakwood Villages. In 2024, these partners included Vogel Bros. Building Co., Alliant Energy Corporation, First Business Bank, North American Mechanical Inc., and Ziegler Capital Management. ²

Financials

According to tax filings, in 2022, the Oakwood Foundation reported $1,672,682 in revenue, $6,327,106 in expenses, and $21,507,552 in assets. Of its expenses, $5,990,994 was spent in direct support of the assisted living community for aged adults, including support for elderly who cannot pay the full cost of their care, funding for capital programs, and funding to support independence among the elderly within the assisted living communities. Of its revenue, the Oakwood Foundation received $1,211,797 in 2022 from gifts, grants, contributions, and membership fees. ¹

1. Return of Organization Exempt from Income Tax (Form 990). Oakwood Foundation Inc. 2022.
2. “Support Oakwood Village.” Oakwood Village. Accessed November 14, 2024. https://www.oakwoodvillage.net/oakwood-foundation.
3. “Oakwood Village.” Oakwood Village. Accessed November 14, 2024. https://www.oakwoodvillage.net/
5. ⁴ “Reginald Hislop III.” LinkedIn. Accessed November 14, 2024. https://www.linkedin.com/in/reginald-hislop-iii/
6. “Christine O’Donnell.” LinkedIn. Accessed November 14, 2024. https://www.linkedin.com/in/christine-o-donnell-5bb2ab8/.