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June 02, 2015

Opinion: Philanthropy Should Do More to Improve Quality of Life as People Age

An article in The Wall Street Journal suggests a variety of ways society can address the challenges of an aging population — including through philanthropy.

Even as the years added to life continue to trend upward, according to the Foundation Center, less than 2 percent of foundation money goes toward programs directly related to aging. The author, chief executive of Encore.org, which promotes careers for older adults, suggests finding innovative ways to seek funding for enriching adults' later years, like prizes to increase productivity of older people. He points to a $78-million investment from Britain's Big Lottery Fund in improving quality of life for older adults and suggests the U.S. adopt a similar version.

Other proposals include developing educational programs for seniors, easing transitions into retirement, and developing housing strategies that bring older and younger generations together.