As AARP hits its 60th anniversary, the famed association is taking steps to firm up its legacy—and a big part of that comes in the form of a charitable investment that’s offering up a million dollars for every year of its existence.
AARP announced Monday that it would offer up $60 million in new funding for the Dementia Discovery Fund, a charitable initiative focused on finding novel solutions to different types of dementia, including Alzheimer’s disease. AARP’s move was one of the largest portions of the charitable venture fund’s endowment, which stands at $350 million, and is now characterized by DDF as complete.
The investment by AARP highlights a long track record by the association of devoting financial and advocacy resources to issues that most deeply affect its membership, such as protecting the social safety net; speaking up for older workers, including on retirement issues; defending access to healthcare; and focusing on quality-of-life issues. Alzheimer’s, for many reasons, has emerged as one of the most concerning issues facing older Americans.
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