NextFifty Initiative (also operating as Next50) is a private, national foundation based in Denver, Colorado. Established in 2009 and operating under its current model since 2016, the organization is dedicated to funding mission-driven initiatives that improve community services for older adults. The foundation works to change the economic landscape of aging in America by supporting innovative ideas that strengthen resilience and transform systems for historically marginalized and geographically underserved older adults and the organizations that serve them.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$263.8M
+8.0% YoY
Annual Giving
$8.0M
+11.7% YoY
Grant Count
103
-19.5% YoY
Avg Grant Size
$78K
+38.9% YoY
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.
Mission & Focus Areas
Mission Statement: To promote independence and dignity for the aging population, to include the needs of low and moderate income persons encompassing individuals with physical, cognitive and/or behavioral disabilities, by encouraging and supporting innovative, affordable and coordinated services and initiatives.
Priority Areas of Economic Opportunity:
- Ending Ageism
- Advancing Digital Equity
- Supporting Aging in Place
Grantmaking
NextFifty Initiative employs a "polycapital philanthropy" approach that blends responsive and proactive strategies. The foundation leverages a full spectrum of financial and non-financial tools—including grants, investments, policy, advocacy, and community engagement.
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Geographic Focus
Where this funder awards grants
NextFifty Initiative's grantmaking focuses primarily on Colorado, with additional activity in the District of Columbia and California.
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
As of 2024:
- Total Assets: $263,849,808
- Total Revenue: $5,761,454
- Total Expenses: $14,435,401
- Total Liabilities: $3,970,000
- Total Giving: $8,011,949
Staffing:
- 6 employees (as of 2024)
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $263,849,808 | $244,297,749 | $221,103,182 |
| Revenue | $5,761,454 | $9,574,875 | $5,238,564 |
| Expenses | $14,435,401 | $12,204,798 | $12,113,595 |
| Qualifying Distributions | $10,922,995 | $10,137,264 | $12,635,303 |
| Net Investment Income | $4,664,713 | $8,632,318 | $4,477,034 |
| Distributable Amount | $12,510,336 | $11,274,630 | $11,394,219 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
250 grants across all recorded years
Open Grants
3 open opportunities from Nextfifty Initiative
Changing Aging (CA) Grant
NEXTFIFTY INITIATIVE
Amount
Varies
Deadline
Rolling / Open
Colorado Organizational Resiliency (COR) Grant
NEXTFIFTY INITIATIVE
Amount
Up to US $300,000
Deadline
Rolling / Open
Sudden & Urgent Need (SUN) Grant
NEXTFIFTY INITIATIVE
Amount
Varies
Deadline
Rolling / Open
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include American Society on Aging ($600,000), Catholic Charities and Community Services ($300,000), Brothers Redevelopment ($260,000).
| Recipient | Purpose | Amount |
|---|---|---|
| AGE WISE COLORADO (REPLACES INTERNATIONAL HOME CARE NURSES ORGANIZATION) DENVER, CO | GENERAL SUPPORT | $5,000 |
| ALAMOSA SENIOR CENTER ALAMOSA, CO | GENERAL SUPPORT | $25,000 |
| ALAMOSA SENIOR CITIZENS INC ALAMOSA, CO | GENERAL SUPPORT | $30,000 |
| ALMOST HOME INC BRIGHTON, CO | GENERAL SUPPORT | $200,000 |
| AMERICAN SOCIETY ON AGING SAN FRANCISCO, CA | GENERAL SUPPORT | $600,000 |
| ANTONITO SENIOR CITIZENS ASSOCIATION ANTONITO, CO | GENERAL SUPPORT | $26,500 |
| ARIZONA HEALTH CARE ASSOCIATION PHOENIX, AZ | GENERAL SUPPORT | $69,991 |
| ASSOCIATION FOR FRONTOTEMPORAL DEGENERATION KING OF PRUSSIA, PA | GENERAL SUPPORT | $5,000 |
| BELOVED GRANDFAMILIES DENVER, CO | GENERAL SUPPORT | $5,000 |
| BOULDER COUNTY AIDS PROJECT BOULDER, CO | GENERAL SUPPORT | $85,000 |
Leadership & Key People
Leadership team and compensation from IRS filings
Board & Executive Leadership:
- Peter Kallas — President & CEO (as of September 2023)
- Joie Glenn — Chair
- Maureen Hanrahan — Vice Chair
- Eric Kuhn — Secretary
- Ken Taylor — Treasurer
- Kristine Burrows — Trustee
- Marco Chayet — Trustee
- Vatsala Kapur — Trustee
- Sekhar Paladugu — Trustee
Staff:
- Su Chae — Director of Finance
- Bria Ward — Director of People & (title incomplete in source)
- Chandra Matthews Jergenson — Director of (title incomplete in source)
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| PETER KALDES | PRESIDENT & CEO | 40 | $375,336 |
| JOIE GLENN | CHAIR | 1 | — |
| MAUREEN HANRAHAN | VICE CHAIR | 1 | — |
| ERIC KUHN | SECRETARY | 4 | — |
| KEN TAYLOR | TREASURER | 1 | — |
| KRISTINE BURROWS | TRUSTEE | 1 | — |
| MARCO CHAYET | TRUSTEE | 1 | — |
| VATSALA KAPUR | TRUSTEE | 1 | — |
| SEKHAR PALADUGU | TRUSTEE | 1 | — |
Recent News & Activity
Recent developments and announcements
NextFifty Initiative has announced significant grant activity in recent years, including:
Awards of nearly $4 million in Changing Aging Grants
Next50 awards over $5 million in Changing Aging Grants - Next50Over $5 million awarded in Changing Aging Grants
Next50 awards over $5 million in Changing Aging Grants - Next50The foundation released its "Aging at Altitude" report, which explores key findings and insights on aging in Colorado
The foundation continues to expand its grantmaking and has made some of the largest grants in its history in recent periods.
Meeting the moment with largest grants in next50's history - Next50Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What does Nextfifty Initiative fund?
**Mission Statement:** To promote independence and dignity for the aging population, to include the needs of low and moderate income persons encompassing individuals with physical, cognitive and/or behavioral disabilities, by encouraging and supporting innovative, affordable and coordinated services and initiatives. **Priority Areas of Economic Opportunity:** • Ending Ageism • Advancing Digital Equity • Supporting Aging in Place
How do I apply for a grant from Nextfifty Initiative?
NextFifty Initiative employs a "polycapital philanthropy" approach that blends responsive and proactive strategies. The foundation leverages a full spectrum of financial and non-financial tools—including grants, investments, policy, advocacy, and community engagement. **Grant Characteristics:** • Grants are by invitation-only and awarded quarterly • Typical grant awards range from $700 to $600,000 • Median grant amount: $50,000 • Maximum grant amount: $250,000 **Active Grant Opportunities:** • …
Where does Nextfifty Initiative make grants?
NextFifty Initiative's grantmaking focuses primarily on Colorado, with additional activity in the District of Columbia and California.
What size grants does Nextfifty Initiative award?
In 2024, Nextfifty Initiative awarded 103 grants totaling $8.0M — an average of about $78K per grant, based on its IRS Form 990 filings.
How much is Nextfifty Initiative required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Nextfifty Initiative reported a distributable amount of $12.5M on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
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.
Explore Open Grants
Browse active grant opportunities in Nextfifty Initiative's focus areas in our free grants database
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Data last updated June 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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