NextFifty Initiative Opens First Round of Grants to Nonprofit and Government Organizations Serving Aging PopulationsBy NextFifty Initiative Oct 31, 2017
Denver, CO – October 31, 2017 – NextFifty Initiative, a Denver-based nonprofit foundation focused on the aging population, is officially opening its first grant cycle on November 1, 2017. This inaugural grant cycle is aimed at distributing funds to organizations focused on improving the lives of aging populations. The foundation is distributing $8 million during the fiscal year, with the first round of grant recipients being announced in early 2018.
With the population of Americans age 65 and older expected to double to 98 million by 2060, NextFifty Initiative was created to fund projects, ideas, technology and innovations that improve the lives and capacities of those who are aging.
“We are positioned and ready to vet applications, award grant funding, and shepherd grantees to success,” said Margaret Franckhauser, president and CEO of NextFifty Initiative. “Colorado acknowledges the growing aging demographic and can play a pivotal role in getting ahead, whether economically, structurally, technologically, or in other ways.”
NextFifty Initiative was formed from the proceeds of InnovAge's $196 million sale to a private equity firm in 2016. The organization will consistently partner with others to fuel ideas and drive progress in Colorado, where it is required to direct at least 80% of its funding, and the nation. Grant applications should benefit those who are age 50 and older.
Governor Hickenlooper co-hosted the launch at an event held earlier today, indicating his support of the organization’s mission.
“Government needs to be efficient and effective with every taxpayer dollar, while promoting responsible innovation,” said Governor John Hickenlooper. “This is where philanthropy and organizations like NextFifty Initiative play a vital role as more flexibility helps yield new approaches that could dramatically shape our state’s future.”
The competitive grants will be made to nonprofit and governmental entities only. Applications are strengthened by collaborative partnerships in planning and execution, but NextFifty Initiative will consider projects that are designed and operated by single entities. The organization also seeks projects that target the most vulnerable in the aging sector including low income individuals, people with disabilities, ethnic and racial minorities, the homeless and LGBT communities. Learn more about funding guidelines here: http://www.next50initiative.org/funding-guidelines.
“This organization will positively change the conversations we are having about aging and tangibly improve the lives of people over 50 today and future generations,” said Marco Chayet, NextFifty Initiative Board Chair. “As our society learns more about the massive personal and economic impact of the Longevity Economy, we are set up for an influx of innovative ideas.”
About NextFifty Initiative NextFifty Initiative creates brighter, longer and healthier futures that unlock the potential of communities through an advanced grant making approach. Through this work, communities are positioned to fully benefit from the wisdom and diverse experiences of a thriving aging population. Our approach applies a multitude of lenses in funding high-yield aging solutions that benefit people age 50 and older. NextFifty Initiative focuses on both proactive and responsive grant making designed to support concepts, projects and innovations that will benefit generations for years to come.