Nextfifty Initiative D/B/a NEXT50
NextFifty Initiative is a private foundation based in Denver, Colorado. It supports innovative and equitable efforts that create economic opportunities for older adults and the organizations that serve them, with stated priorities of ending ageism, advancing digital equity, and supporting aging in place.
Nextfifty Initiative D/B/a NEXT50 at a glance
In short: Nextfifty Initiative D/B/a NEXT50 gave $9.7M across 134 grants in 2025 (avg $72K), mostly in Colorado. 52% of 2025 grantees were new. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $9,673,335
- +20.7% vs 2024
- Grants made (2025)
- 134
- +30.1% vs 2024
- Average grant
- $72,189
- -7.2% vs 2024
- Median grant
- $50,000
- Total assets
- $290,591,572
- +10.1% vs 2024
- New grantees (estimate)
- 52% first-time grantees (70 of 134, 2025)
- Primary geography
- Colorado (56% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated November 2026. New grantees are estimated by matching recipient names across years (methodology).
How to apply to Nextfifty Initiative D/B/a NEXT50
- Invitation Only
-
The 2024 filing says the foundation does not restrict giving to preselected organizations. It directs applicants to consult the foundation’s materials for application forms and award restrictions, and states that it will have two application cycles. Program-specific instructions include a pre-application call for larger Changing Aging requests and an invitation process for Colorado Organizational Resiliency and Sudden & Urgent Need proposals.
- Contact
Application contact: All Grant Applications Should Be Co
Mailing address: At Wwwnextfiftyinitiativeorg, Denver, CO 80222
Phone: (303) 547-1800
Email: info@next50foundation.org
Website: https://www.next50initiative.org
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Open Grants
3 open opportunities from Nextfifty Initiative D/B/a NEXT50
Changing Aging (CA) Grant
Nextfifty Initiative D/B/a NEXT50
Amount
Varies
Deadline
Deadline not published
Colorado Organizational Resiliency (COR) Grant
Nextfifty Initiative D/B/a NEXT50
Amount
Up to US $300,000
Deadline
Deadline not published
Sudden & Urgent Need (SUN) Grant
Nextfifty Initiative D/B/a NEXT50
Amount
Varies
Deadline
Deadline not published
Who Nextfifty Initiative D/B/a NEXT50 funds
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2025
The largest 2025 recipient was Grantmakers in Aging ($260K). Together the top 10 received $2.0M.
Grant Size Distribution
732 grants across all recorded years
The most common grant size was under $50K: 375 grants of 732 (51%).
Geographic Focus
Where this funder awards grants
In 2024, 53% of grant dollars went to Colorado recipients, 15% to California, 6% to the District of Columbia, 5% to New York, and 3% to Maine. The Colorado Organizational Resiliency and Sudden & Urgent Need programs are specifically described as serving Colorado organizations.
Grant Distribution by State
Share of 2025 grant dollars across all 134 itemized grants.
States
Cities
Is Nextfifty Initiative D/B/a NEXT50 open to new grantees?
52%
first-time grantees, 2025
In 2025, 70 of 134 grantees (52%) were first-time recipients. First grants averaged $71K; repeat grants $73K. How we count
Medians: $50K first-time, $63K repeat.
- 22% of 2025 grantees were also funded in 2024. Method
- Giving held roughly steady from 2022 to 2025 (−1%). Method
- In 2025 it paid out 98% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method
Estimate from itemized grant lists in IRS Form 990-PF filings (2020–2025). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2025, annual grant giving ranged from $7.2M (2023) to $12.0M (2021). In 2025 it made 134 grants totaling $9.7M.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Grantmakers in Aging Arlington, VA | General Support | $260,000 |
| Colorado Department of Public Health and Environment Denver, CO | General Support | $250,000 |
| Rocky Mountain Employee Ownership Center Denver, CO | General Support | $250,000 |
| Justice and Mercy Legal Aid Center Denver, CO | General Support | $212,500 |
| Almost Home Inc Brighton, CO | General Support | $200,000 |
| Hope Renovations Chapel Hill, NC | General Support | $180,000 |
| The Bell Policy Center Denver, CO | General Support | $170,800 |
| Treehouse Foundation Easthampton, MA | General Support | $165,000 |
| Appalachian Voices Boone, NC | General Support | $150,000 |
| California Health Reporttides Center San Francisco, CA | General Support | $150,000 |
Ready to take the next step with Nextfifty Initiative D/B/a NEXT50?
Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2025 | $290,591,572 | $29,636,486 | $20,661,467 | $9,673,335 | 134 | $12,511,209 | $28,845,302 | $12,818,982 |
| 2024 | $263,849,808 | $5,761,454 | $14,435,401 | $8,011,949 | 103 | $10,922,995 | $4,664,713 | $12,510,336 |
| 2023 | $244,297,749 | $9,574,875 | $12,204,798 | $7,169,871 | 128 | $10,137,264 | $8,632,318 | $11,274,630 |
| 2022 | $221,103,182 | $5,238,564 | $12,113,595 | $9,735,746 | 162 | $12,635,303 | $4,477,034 | $11,394,219 |
| 2021 | $264,860,664 | $19,564,011 | $14,875,237 | $12,047,928 | 205 | $13,987,424 | $18,662,835 | $12,281,698 |
| 2020 | $239,636,779 | $6,062,023 | $11,680,612 | $10,011,433 | 248 | — | $5,256,504 | $10,710,430 |
Under IRS private-foundation payout rules, Nextfifty Initiative D/B/a NEXT50 reported a distributable amount of $12.8M for 2025 — the minimum it must pay out in qualifying distributions.
Research compiled by Grantable AI from public sources. Last updated October 2026.
Mission & Focus Areas
Next50 describes its work as creating a world that values aging and investing in innovative, equitable ideas that build capacity and change systems to create economic opportunities for older adults and the organizations that serve them. Its stated priority areas are ending ageism, advancing digital equity, and supporting aging in place.
Examples of supported organizations show a range of services. Brothers Redevelopment describes its mission as providing safe, affordable, accessible housing and housing services for low-income, elderly, and disabled Coloradans. Almost Home describes its work as providing emergency housing shelter and assistance and establishing permanent housing for low-income families. Denver Indian Center says it works to empower American Indian youth, elders, families, and community through education, advocacy, and cultural enrichment. Other grantees include organizations focused on aging professionals, reentry support, family services, food rescue, and older adults and people with disabilities.
Grantmaking
In 2024, NextFifty Initiative reported 103 grants totaling $8,011,949. Grants ranged from $1,500 to $600,000, with a median of $54,175. The largest listed awards included $600,000 to American Society on Aging, $500,000 to One Family Foundation, $300,000 to Catholic Charities and Community Services, and $260,000 to Brothers Redevelopment. These grants were listed for general support. Its 2025 filing, the latest on this page, reports 134 grants totaling $9.7 million.
The Changing Aging grant supports innovative projects advancing economic opportunities for older adults and addresses ending ageism, digital equity, and aging in place. Requests must include innovation and advance equity for marginalized or geographically underserved communities. The program may support research, start-ups, pilot projects, and direct services; applicants may request up to three years of funding, with no stated maximum request, although a pre-application call is required for larger requests.
The Colorado Organizational Resiliency grant supports Colorado-based nonprofits serving marginalized older adults with infrastructure improvements, technology upgrades, and strategic planning. The stated award range is up to $300,000. The 2026 funding is described as invitation-only and awarded on a rolling basis. The Sudden & Urgent Need grant addresses one-time, time-sensitive needs of Colorado nonprofits with budgets of $1 million or less. Its requests must align with at least one of the three priority areas and demonstrate equity advancement; full proposals are by invitation.
Leadership & Key People
Leadership team and compensation from IRS filings
The 2024 filing lists Peter Kaldes as president and CEO; Joie Glenn as chair; Maureen Hanrahan as vice chair; Eric Kuhn as secretary; and Ken Taylor as treasurer. Trustees listed are Kristine Burrows, Marco Chayet, Vatsala Kapur, and Sekhar Paladugu.
Nextfifty Initiative D/B/a NEXT50 is led by Peter Kaldes, President & CEO on every filing since 2023; 1 of 12 officers listed in 2025 is compensated.
Officers on the 2025 filing
Peter Kaldes
President & CEO
On filings since 2023
40 hrs/week
$147K (2023) → $415K (2025)
Kristine Burrows
Chair
Director → Trustee, 2023
Trustee → Chair, 2025
On filings since 2020
1 hr/week
No compensation reported
Marco Chayet
Trustee
Director → Trustee, 2023
On filings since 2020
1 hr/week
No compensation reported
Vatsala Kapur
Trustee
On filings since 2023
1 hr/week
No compensation reported
Bob Blancato
Trustee
New on the 2025 filing
1 hr/week
No compensation reported
Cynthia Banks
Trustee
New on the 2025 filing
1 hr/week
No compensation reported
Edwin Walker
Trustee
New on the 2025 filing
1 hr/week
No compensation reported
Peter Wall
Trustee
New on the 2025 filing
1 hr/week
No compensation reported
Wendi Burkhardt
Trustee
New on the 2025 filing
1 hr/week
No compensation reported
Eric Kuhn
Secretary
Director → Secretary, 2022
On filings since 2021
4 hrs/week
No compensation reported
Ken Taylor
Treasurer
On filings since 2022
1 hr/week
No compensation reported
Sekhar Paladugu
Vice Chair
Director → Trustee, 2023
Trustee → Vice Chair, 2025
On filings since 2022
1 hr/week
No compensation reported
Former officers (13)
- Former: Joie Glenn (2020–2024) — Chair
- Former: Maureen Hanrahan (2020–2024) — Vice Chair
- Former: Andrew Selig (2020–2022) — Director
- Former: Debra Lappin (2020–2022) — Director
- Former: Diana McFail (2020–2022) — President & CEO
- Former: Molly Wink (2020–2022) — Treasurer
- Former: Vatsala Pathy (2022) — Director
- Former: Ben Moultrie (2020–2021) — Chair
- Former: Jill Higham (2020–2021) — Director
- Former: Lynn Taussig (2020–2021) — Director
- Former: Margaret Franckhauser (2020) — Past President & CEO
- Former: Mark Hockenberg (2020) — Past CFO
- Former: Randy McCall (2020) — Treasurer
Data from IRS Form 990 filings, 2020–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2025 IRS filing
The highest reported compensation on the 2025 filing was $415K, to Peter Kaldes (President & CEO).
Frequently asked questions about Nextfifty Initiative D/B/a NEXT50
How much does Nextfifty Initiative D/B/a NEXT50 give each year?
Nextfifty Initiative D/B/a NEXT50 gave $9.7M across 134 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $8.0M across 103 grants.
What is Nextfifty Initiative D/B/a NEXT50's typical grant size?
Nextfifty Initiative D/B/a NEXT50's median grant in 2025 was $50,000, and its average grant was $72,189, across 134 grants on its 2025 IRS Form 990-PF. Organizations receiving their first grant from Nextfifty Initiative D/B/a NEXT50 that year got $71K on average.
Where does Nextfifty Initiative D/B/a NEXT50 give grants?
Nextfifty Initiative D/B/a NEXT50 gives mostly in Colorado: 56% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The next largest states were Massachusetts (8%) and New York (7%). The most frequent recipient cities were Denver, CO (39 grants), New York, NY (6 grants), Washington, DC (4 grants) and Colorado Springs, CO (4 grants).
Does Nextfifty Initiative D/B/a NEXT50 give general operating support?
Yes: 100% of Nextfifty Initiative D/B/a NEXT50's 2025 grants with a stated purpose (134 of 134) were for general or operating support, per its 2025 IRS Form 990-PF.
Who are Nextfifty Initiative D/B/a NEXT50's largest grantees?
Nextfifty Initiative D/B/a NEXT50's largest 2025 grantees include Grantmakers in Aging ($260,000), Colorado Department of Public Health and Environment ($250,000) and Rocky Mountain Employee Ownership Center ($250,000), according to its 2025 IRS Form 990-PF. Together they received 8% of its itemized 2025 grant dollars.
How large is Nextfifty Initiative D/B/a NEXT50?
Nextfifty Initiative D/B/a NEXT50 reported $290.6M in total assets on its 2025 IRS Form 990-PF. It paid out $12.5M in qualifying distributions that year, against a required minimum of $12.8M (roughly 5% of its investment assets). Falling short in one year is not a violation: foundations have until the end of the next year to meet the minimum.
What does Nextfifty Initiative D/B/a NEXT50 fund?
Next50 describes its work as creating a world that values aging and investing in innovative, equitable ideas that build capacity and change systems to create economic opportunities for older adults and the organizations that serve them. See mission & focus areas ↑
How do I apply for a grant from Nextfifty Initiative D/B/a NEXT50?
The 2024 filing says the foundation does not restrict giving to preselected organizations. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
What is Nextfifty Initiative D/B/a NEXT50's EIN?
Nextfifty Initiative D/B/a NEXT50's EIN (Employer Identification Number) is 26-2700185. IRS Form 990 filing data is available on this page for 2020–2025.
Data last updated November 2026. Sourced from IRS Form 990-PF filings. Research dossier generated October 2026.
Data update history
(2)
When this profile's IRS filing data changed on Grantable
- Added Form 990-PF for fiscal year 2025 (received by the IRS September 14, 2026)
- IRS filings on file for fiscal years 2020–2024
Live grants for the work Nextfifty Initiative D/B/a NEXT50 funds
Health Open opportunities, soonest deadline first.
Explore Open Grants
Browse active grant opportunities in Nextfifty Initiative D/B/a NEXT50's focus areas in our free grants database
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Cite this profile
Grantable. (2026). Nextfifty Initiative D/B/a NEXT50 funder profile. GrantGraph. Retrieved November 2, 2026, from https://grantable.co/funders/nextfifty-initiative-d-b-a-next50-morg_53759b15c8074c48b912a6422354a2ef
BibTeX
@misc{grantable_262700185_2026,
author = {{Grantable}},
title = {{Nextfifty Initiative D/B/a NEXT50 funder profile}},
howpublished = {GrantGraph},
year = {2026},
url = {https://grantable.co/funders/nextfifty-initiative-d-b-a-next50-morg_53759b15c8074c48b912a6422354a2ef},
note = {Accessed 2026-11-02. Data licensed CC BY 4.0}
}The figures on this page are open data under CC BY 4.0: reuse them with credit to Grantable and a link. Download the data.
Figures come from Nextfifty Initiative D/B/a NEXT50's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.
Nextfifty Initiative D/B/a NEXT50 down — hundreds of funders to go?