Diverse funding streams will help Institute for the Ages thrive

Posted on August 01, 2011 by Debra Jacobs, president and CEO of The Patterson Foundation

By Debra M. Jacobs, President and CEO, The Patterson Foundation

While our work and partnerships reach national and international spaces, we’re so very fortunate to have our headquarters in a community where innovation and New Realities can bubble and thrive in our own backyard.

Case in point?

The Institute for the Ages, an independent organization dedicated to researching and developing innovations as our nation ages at a rapid pace.

Last week, The Patterson Foundation announced our support for the Institute with an immediate gift of $25,000 along with a capping gift of $375,000 over the next three years. Staying true to our values, we decided to support the Institute as it has attracted and connected with many partners – ranging from ORCATECH to Intel. Together with the public sector and local community, these entities will work collaboratively as a “think and do” tank to address the challenges we all face during the ‘Graying of America.’

But beyond that, with our gift we are interested in the financial thrivability of the Institute – not just sustainability. This means contributing to ways the Institute can build upon successes for the future.

Our capping gift of $375,000 over the next three years affirms that it will take many funding partners to create excellence.

The road to thrivability:

  • 75 individuals, businesses and organizations who provided early exploratory funds and invested in a team to take an idea out across the country in pursuit of business relationships for this ‘think and do’ tank.
  • Those who live and breathe economic development, business planning and technology transfer have endorsed the New Realities that will be launched as the Institute moves forward.
  • Sarasota County Commission approved $1.2 million in funding for the Institute
  • Multiple funding sources are ‘musts’ for a tapestry of support and accountability for impact
  • Catalyzing on the energy and momentum of early funders and supporters for national impact will be essential

  • Learn about these and other concepts used in TPF's approach to philanthropy.


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