AARP Launches Social Investment Fund
The AARP Foundation launched a social investment initiative that will lend $70M to businesses that provide critical services and programs for people age 50 and older who are struggling. The Age Strong initiative, which also includes the Calvert Foundation and Capital Impact Partners, is focusing on companies and projects that create affordable homes, increase access to healthy foods, improve financial security and offer more community-oriented models of care. AARP Foundation president Lisa Marsh Ryerson (above) says it’s the only social investment initiative focused on this demographic. The number of people over age 65 will double in the next 25 years.