Nextfifty Initiative
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 at a glance
In short: Nextfifty Initiative gave $8.0M across 103 grants in 2024 (avg $78K), mostly in Colorado. 58% of 2024 grantees were new. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $8,011,949
- +11.7% vs 2023
- Grants made (2024)
- 103
- -19.5% vs 2023
- Average grant
- $77,786
- +38.9% vs 2023
- Median grant
- $54,175
- Total assets
- $263,849,808
- +8.0% vs 2023
- New grantees (estimate)
- 58% first-time grantees (60 of 103, 2024)
- Primary geography
- Colorado (53% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated October 2026. New grantees are estimated by matching recipient names across years (methodology).
How to apply to Nextfifty Initiative
- 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
Changing Aging (CA) Grant
Nextfifty Initiative
Amount
Varies
Deadline
Deadline not published
Colorado Organizational Resiliency (COR) Grant
Nextfifty Initiative
Amount
Up to US $300,000
Deadline
Deadline not published
Sudden & Urgent Need (SUN) Grant
Nextfifty Initiative
Amount
Varies
Deadline
Deadline not published
Who Nextfifty Initiative funds
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
The largest 2024 recipient was American Society on Aging ($600K). Together the top 10 received $2.8M.
Organizations only. It also paid 1 grant to individuals ($50,000), which are not listed by name.
Grant Size Distribution
846 grants across all recorded years
The most common grant size was under $50K: 533 grants of 846 (63%).
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 2024 grant dollars across all 103 itemized grants.
States
Cities
Is Nextfifty Initiative open to new grantees?
58%
first-time grantees, 2024
In 2024, 60 of 103 grantees (58%) were first-time recipients. First grants averaged $79K; repeat grants $76K. How we count
Medians: $50K first-time, $75K repeat.
- 29% of 2024 grantees were also funded in 2023. Method
- Giving fell 33% from 2021 to 2024. Method
- In 2024 it paid out 87% 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 (2020–2024). 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 2024, annual grant giving ranged from $7.2M (2023) to $12.0M (2021). In 2024 it made 103 grants totaling $8.0M.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| American Society on Aging San Francisco, CA | General Support | $600,000 |
| One Family Foundation Ramona, CA | General Support | $500,000 |
| Catholic Charities and Community Services Denver, CO | General Support | $300,000 |
| Brothers Redevelopment Edgewater, CO | General Support | $260,000 |
| Second Chance Center Inc Aurora, CO | General Support | $228,900 |
| Almost Home Inc Brighton, CO | General Support | $200,000 |
| Focus Points Family Resource Center Denver, CO | General Support | $200,000 |
| Usaging Washington, DC | General Support | $184,698 |
| Boulder Food Rescue Boulder, CO | General Support | $180,000 |
| Community Connections Durango, CO | General Support | $150,000 |
Ready to take the next step with Nextfifty Initiative?
Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 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 reported a distributable amount of $12.5M for 2024 — 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.
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 is led by Peter Kaldes, President & CEO on every filing since 2023; 1 of 9 officers listed in 2024 is compensated.
Officers on the 2024 filing
Peter Kaldes
President & CEO
On filings since 2023
40 hrs/week
$147K (2023) → $375K (2024)
Joie Glenn
Chair
Secretary → Chair, 2022
On filings since 2020
1 hr/week
No compensation reported
Kristine Burrows
Trustee
Director → Trustee, 2023
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
Sekhar Paladugu
Trustee
Director → Trustee, 2023
On filings since 2022
1 hr/week
No compensation reported
Vatsala Kapur
Trustee
On filings since 2023
1 hr/week
No compensation reported
Maureen Hanrahan
Vice Chair
On filings since 2020
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
Former officers (11)
- 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, 2020–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2024 IRS filing
The highest reported compensation on the 2024 filing was $375K, to Peter Kaldes (President & CEO).
Frequently asked questions about Nextfifty Initiative
How much does Nextfifty Initiative give each year?
Nextfifty Initiative gave $8.0M across 103 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $7.2M across 128 grants.
What is Nextfifty Initiative's typical grant size?
Nextfifty Initiative's median grant in 2024 was $54,175, and its average grant was $77,786, across 103 grants on its 2024 IRS Form 990-PF. Organizations receiving their first grant from Nextfifty Initiative that year got $79K on average.
Where does Nextfifty Initiative give grants?
Nextfifty Initiative gives mostly in Colorado: 53% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The next largest states were California (15%) and District of Columbia (6%). The most frequent recipient cities were Denver, CO (27 grants), Washington, DC (6 grants), Boulder, CO (3 grants) and Aurora, CO (3 grants).
Does Nextfifty Initiative give general operating support?
Yes: 100% of Nextfifty Initiative's 2024 grants with a stated purpose (103 of 103) were for general or operating support, per its 2024 IRS Form 990-PF.
Who are Nextfifty Initiative's largest grantees?
Nextfifty Initiative's largest 2024 grantees include American Society on Aging ($600,000), One Family Foundation ($500,000) and Catholic Charities and Community Services ($300,000), according to its 2024 IRS Form 990-PF. It also paid 1 grant to individuals ($50,000), which are not listed by name. Together they received 17% of its itemized 2024 grant dollars.
How large is Nextfifty Initiative?
Nextfifty Initiative reported $263.8M in total assets on its 2024 IRS Form 990-PF. It paid out $10.9M in qualifying distributions that year, against a required minimum of $12.5M (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 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?
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's EIN?
Nextfifty Initiative's EIN (Employer Identification Number) is 26-2700185. IRS Form 990 filing data is available on this page for 2020–2024.
Data last updated October 2026. Sourced from IRS Form 990-PF filings. Research dossier generated October 2026.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
Explore Open Grants
Browse active grant opportunities in Nextfifty Initiative's focus areas in our free grants database
Similar Funders
Funders that support many of the same organizations
Colorado Gives Foundation
Arvada, CO
Colorado Gives Foundation funds nonprofits serving Jefferson County in areas including food security, early care and education, workforce development, housing, health and convenient neighborhoods; it also offers statewide nonprofit capacity-building support. Typical giving varies widely: its 2024 median grant was $17,814, while Thriving Jeffco Responsive Grant awards ranged from $2,500 to $100,000. It accepts applications through listed grant opportunities, but whether it accepts unsolicited requests is not stated.
Assets
$527.1M
Grants
2,211
Total Given
$91.0M
Anschutz Family Foundation
Denver, CO
The Anschutz Family Foundation funds Colorado nonprofits serving families and communities, with interests including self-sufficiency, basic needs, health, youth, education, and rural development. Typical grants are $5,000–$10,000, and it aims to support both rural and urban Colorado communities. Applicants may apply; funding is not restricted to preselected organizations.
Assets
$46.9M
Grants
314
Total Given
$2.7M
The Denver Foundation
Denver, CO
The Denver Foundation supports nonprofits working in economic opportunity, environment and climate, housing, and youth well-being, with an emphasis on racial equity and historically underserved communities in the seven-county Metro Denver region. Its Community Grants typically range from $20,000 to $50,000; the 2024 median across reported grants was $26,500. The profile does not state whether it accepts unsolicited requests.
Assets
$1.3B
Grants
1,184
Total Given
$131.7M
The Colorado Health Foundation
Denver, CO
The Colorado Health Foundation funds nonprofit organizations and public agencies working to improve health and health equity in Colorado, including projects in areas such as primary care, housing, food access, and economic opportunity. Its 2024 median grant was $80,000, though awards varied widely; it prioritizes organizations serving Coloradans.
Assets
$2.9B
Grants
684
Total Given
$102.2M
El Pomar Foundation
Colorado Springs, CO
El Pomar Foundation funds Colorado nonprofits and government agencies working in arts and culture, civic and community initiatives, education, health, and human services, including operating, program, and capital needs. Typical awards are $2,500–$10,000 for operating or program support and $15,000–$25,000 for capital support. It accepts online applications on a rolling basis through its competitive process and designated funds.
Assets
$468.2M
Grants
1
Total Given
$20.4M
Daniels Fund
Denver, CO
The Daniels Fund supports nonprofits working in aging, amateur sports, disabilities, addiction, early childhood and K–12 education, homelessness, and youth development. Its 2024 grants had a median of about $14,000, primarily for organizations in Colorado, New Mexico, Utah, and Wyoming; select national-impact programs are also eligible, by invitation only.
Assets
$1.4B
Grants
1,593
Total Given
$69.7M
More similar funders
More Funders in Colorado
Cite this profile
Grantable. (2026). Nextfifty Initiative funder profile. GrantGraph. Retrieved October 11, 2026, from https://grantable.co/funders/nextfifty-initiative-morg_53759b15c8074c48b912a6422354a2ef
BibTeX
@misc{grantable_262700185_2026,
author = {{Grantable}},
title = {{Nextfifty Initiative funder profile}},
howpublished = {GrantGraph},
year = {2026},
url = {https://grantable.co/funders/nextfifty-initiative-morg_53759b15c8074c48b912a6422354a2ef},
note = {Accessed 2026-10-11. 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'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 down — hundreds of funders to go?