Current CEO of American Society on Aging to lead Denver-based national foundation
DENVER – Next50 Initiative, a private foundation supporting efforts to improve quality of life for older adults and their caregivers, today announced it has named Peter Kaldes as its new President and CEO. Kaldes will assume the role on September 11, 2023, and will lead efforts to help the nonprofit private foundation achieve its mission of improving and sustaining the quality of life for people in their second 50 years.
Kaldes is a national leader in aging with experience as a nonprofit and philanthropic executive. Since March 2020, he has served as president and chief executive officer of the American Society on Aging, the nation’s largest association of diverse professionals in the field of aging. Before joining ASA, Kaldes was president and chief executive officer of the South Florida Institute on Aging (SoFIA). Prior to that position, Kaldes was a senior executive at JPMorgan Chase & Co. and led the global bank’s philanthropic investments in economic development. Kaldes also has served in the White House as an economic policy advisor to President Barack Obama.
“Colorado, like our nation, is aging,” said Kaldes. “Some may see this as a problem, but Next50 sees it as the opportunity that it truly is. I am looking forward to working with Next50’s Board of Trustees, staff, community partners, and national colleagues to lead and catalyze innovation in aging.”
At ASA, Kaldes successfully navigated the organization through an unprecedented pandemic, innovated its brand identity and programming, including launching ASA Rise, a social justice and leadership academy for rising leaders of color, and increased ASA’s membership by 35 percent. At SoFIA, he led the transformation of a 55-year-old, community-based organization and nearly doubled the organization’s budget with new social and economic programs. Kaldes began his career as an international litigator at the global firm of Weil Gotshal & Manges, LLP. He is a graduate of the University of Pittsburgh School of Law and Tufts University.
“We are thrilled to welcome Peter Kaldes and the depth of experience he will bring to our work,” said Joie Glenn, chair of the Board of Trustees for Next50. “Peter shares our passion for supporting the needs of older adults and all the issues related to their quality of life. We are very pleased to have found a new leader of his caliber.”
Next50 was formed in 2016 through the sale of InnovAge, a non-profit PACE (Program of All-Inclusive Care for the Elderly) provider, to a private equity firm. With initial assets of over $200MM, the foundation was created as an independent nonprofit entity completely separate from InnovAge.
The foundation remains focused on and committed to serving the older adult population through grantmaking and impact investing with goals of: improving the quality of life for older adults; making sure organizations serving older adults have the resources they need to succeed; identifying, supporting, and replicating new and innovative approaches to aging; and reducing ageism.
Next50 is a Colorado-based, private foundation supporting efforts to improve the lives of older adults and their caregivers. The foundation works with community leaders, experts in the field of aging, and front-line professionals to support programs and projects that positively impact aging and longevity. They focus on education, sharing best practices, and supporting innovation that will transform aging for generations to come. In 2022, Next50 awarded grants totaling $8.2 million. To learn more, visit www.Next50Foundation.org.