Feather, J. (2015). Engaging private philanthropy in aging: It's time for a new approach. Generations, 39(3), 68-71. Retrieved from http://search.ebscohost.com/login.aspx?direct=true&AuthType=ip,cookie,url,cpid,uid&custid=s8863137&db=rzh&AN=112207268&site=eds-live&scope=site&authtype=ip,uid
Older adults are becoming an increasing large percentage of the American population, yet as little as 2% of philanthropies fund aging programs. This disproportionally is due to a fair amount of misconceptions made by the general public. Living in an individualistic society, Americans believe that individuals have the power and responsibility to determine the nature in which they age, claiming this it is the older adults fault if they face challenges. Many individuals also believe that by awarding resources to older adults, it is removing possible funding for other groups in need. Both these misconceptions are individualistic and neglect the fact that the aging population encompasses everyone for the entire population is getting older. With such a vast population impacted, it is necessary to reach out to a wide range of philanthropies and voice the importance of funding for the aging population. …show more content…
With such profound wealth under the control of the economic elite, government lacks the funds to properly address many social concerns. As a means to have these needs met, the government created social impact bonds, allowing private investors to fund and profit from social policy ideas that save the government money. This encouraged the wealthy elite to partner their philanthropies with the government to solve social problems. However, wealthy philanthropists began using this newfound power to donate to causes that only impact the wealthy and to neglect issues of the poor, further increasing the inequalities of the
Older adults are becoming an increasing large percentage of the American population, yet as little as 2% of philanthropies fund aging programs. This disproportionally is due to a fair amount of misconceptions made by the general public. Living in an individualistic society, Americans believe that individuals have the power and responsibility to determine the nature in which they age, claiming this it is the older adults fault if they face challenges. Many individuals also believe that by awarding resources to older adults, it is removing possible funding for other groups in need. Both these misconceptions are individualistic and neglect the fact that the aging population encompasses everyone for the entire population is getting older. With such a vast population impacted, it is necessary to reach out to a wide range of philanthropies and voice the importance of funding for the aging population. …show more content…
With such profound wealth under the control of the economic elite, government lacks the funds to properly address many social concerns. As a means to have these needs met, the government created social impact bonds, allowing private investors to fund and profit from social policy ideas that save the government money. This encouraged the wealthy elite to partner their philanthropies with the government to solve social problems. However, wealthy philanthropists began using this newfound power to donate to causes that only impact the wealthy and to neglect issues of the poor, further increasing the inequalities of the