Who can apply for funds?
Grants will be made to non-profit entities organized under sections 501(c)(3), 501(c)(4) and 501(c)(6) of the IRS code, as well as governmental entities. All applicants must be in good standing with the state or jurisdiction in which the organization resides.
IRS regulations require that Private Foundations such as NextFifty Initiative collect additional information from organizations that are not 501(c)(3) public charities to demonstrate that grant funds would be used exclusively for charitable, not political or member-oriented, purposes. Thus, 501(c)(4), 501(c)(6) and governmental applicants will be required to provide additional data to demonstrate charitable purpose and, if funded, will be required to account for the use of grant funds separately.
Applications are strengthened by collaborative partnerships in planning and execution, but we will consider projects that are designed and operated by single entities.
What is a Fiscal Sponsor?
A fiscal sponsor is a nonprofit 501(c)(3) organization that provides fiduciary oversight, financial management and other grant administrative services. From the perspective of the IRS, a fiscal sponsor is held legally responsible for management of grant funds and the attendant requirements and obligations of the grant.
The fiscal sponsor must have a formal relationship with the entity carrying out grant activities and be able to exercise control over grant activities. NextFifty Initiative requires that the fiscal sponsor have a contractual relationship with the grant project partner and possess a mission that clearly aligns with the activities of the grant.
Fiscal Sponsor relationships acceptable to NextFifty Initiative:
- An operating organization has not yet secured its own not-for-profit* status but has a formal relationship with a not-for-profit entity which acts as a fiscal sponsor to manage grant oversight functions, including financial operations and grant fund management.
- An operating organization is too small to support full administrative functions and has a formal relationship with a not-for-profit entity which acts as a fiscal sponsor to manage grant oversight functions, including financial operations and grant fund management.
- A cluster of eligible not-for-profit organizations work cooperatively on a project and select one of the members to manage grant oversight functions, including financial operations and grant fund management.
* 501(c)(3), 501(c)(4) and 501(c)(6) of the IRS code, as well as governmental entities.
What is a Partner?
Any organization or entity named as a partner in the project activities must provide a Letter of Commitment or MOU (memorandum of understanding) specifying their involvement in the project.
What if our project idea is an expansion of an existing program?
NextFifty Initiative does not generally provide funding for ongoing operations. However, if the project involves a significant expansion of existing services into a new area, it may be eligible for funding if the project targets a previously unserved or underserved population – such as LGBTQ, rural, low income, racial, ethnic or religious minority - and the project uses new efforts to outreach and serve that population.
If you believe your idea fulfills the above criteria, it is important that the project description focus on the new population targeted and explain what novel efforts, tools and methods will be used to outreach to the population. While your organization’s current success is helpful to know, it is essential that you fully describe what is new and different in your project’s scope and how you intend to achieve success in that expansion.
What will NextFifty Initiative consider funding?
In our initial grant-making years, NextFifty Initiative will cast the net broadly to identify and fund promising ideas in the aging space across disciplines and fields of interest. This is an opportunity for stakeholders in the broad field of aging to present ideas that will help to create a new future for aging in Colorado and the nation. We seek to stimulate interest from service providers, transportation, housing, food & nutrition, health, social programs, community design, the built environment, technology, law, research, the arts and others who are interested in creating that new future.
Projects must be directed toward the aging or the aging-disabled population age 50 and over.
Examples of areas for funding include, but are not limited to:
Capacity Building and Infrastructure development
Community and building design for an aging population
Communications strategies and projects that break stereotypes and promote a better understanding of aging
- Limited funding available for direct services supporting a broader aging project
New models in services, housing and transportation that enhance quality of life and functional capacity for those age 50 and older
Projects that explore or promote socialization, improve mobility and enhance engagement in community
Projects that seek to convene a diverse group of stakeholders to identify and address issues of aging
Projects that train for encore careers and volunteerism
Projects that enhance the workforce to serve the aging and promote use of older workers
Research that enlightens our understanding of the aging process and helps to promote functional status
Research and innovations that shed light on the aging process and assist the population to prepare for the next 50 years of life
What will not be funded?
Within the field of aging and related services, NextFifty Initiative is not able to fund the following:
Organization Endowments and fundraising ventures
Budgetary shortfalls or debt reduction
General Operating Support for existing programs and services
Pure Capital Projects unless they support a broader innovative aging project
Individuals and Individual Needs
Projects that target lobbying interests or efforts, political campaigns and projects with a goal of supporting a specific political position
Fundraising and general event sponsorships
- Supporting Organizations (as classified by IRS form 990, Schedule A, Part 1)
- Student or fellow tuition costs
- Costs related to attending conferences or seminars
- Disease-specific laboratory research