Sharing The Conversation

Nationally, less than 1% of grants given by the largest foundations in the United States are allocated to causes related to aging.[1] However, we know that our nation is aging rapidly and that one in every 7 persons is 65 years and older.[2] We also know that private and public dollars are not able to keep pace with the growing needs of older adults as they face ageism in the workplace, increasing housing and healthcare costs, and other myriad challenges.
As funders, transformative change within the aging space must come from how we view philanthropy and how we view aging itself. We must approach aging with a viewpoint that is not one of declination or deterioration but with growth and respect.
NextFifty Initiative is a Colorado-based private foundation dedicated to funding mission-driven initiatives that improve the lives of the older adult population and their caregivers. Our mission is to promote independence and dignity for the aging population, to include the needs of low- and moderate-
[1] Hogan, P. (2019). Why It's Time For More Big Foundations To Fund Aging. Forbes.
https://www.forbes.com/sites/nextavenue/2019/09/11/why-its-time-for-more-big-foundations-to-fund-aging/?sh=4bdea6a22a36
[2] Kuwik, A. (2021, December 1). The State of Aging in Colorado.
income persons, encompassing individuals with physical, cognitive and/or behavioral disabilities, by encouraging and supporting innovative, affordable and coordinated services and initiatives.
At NextFifty Initiative, our team has leaned into what we have learned over the past year about what organizations need from us as a funder. We’ve changed our practices to be more reflective of being a thought partner. We’ve learned the importance of flexible dollars for organizations that seek to drive change in the aging space.
What motivates me about the work I get to be a part of at NextFifty Initiative is that we learn alongside organizations in the aging space. We get to hear and experience the challenges, successes, and learnings, and see how organizations we support learn from one another on how to approach often complex challenges around aging.
Across the nation, we’ve seen a trend with organizations implementing technology in innovative ways that support older adults and their caregivers in home health care. We’ve seen organizations create cross-generational collaborations, creating mutually beneficial programming that taps into the expertise and knowledge of older adults. With the right funding and support, organizations that serve older adults can rise to the meet the unique needs of a growing population of older adults.
In the coming years, we hope to continue learning from our partner nonprofits and organizations. When we work together, engaging in two-way conversations rather than one-sided funding agreements, we can amplify the impact of philanthropic dollars, ensuring that more older adults can age with dignity in a way that works for them.
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