Scan Foundation Allocated Millions to Aging Investments

The California-based foundation set aside 5% of its assets to support businesses focused on the care of older adults.

Updated on Oct. 5, 2026 in Investing

Bold flat-color editorial illustration of ascending architectural blocks in navy and gold, symbolizing strategic asset allocation for aging-related care. — The Scan Foundation has allocated $13 million of its assets toward impact investments focused on improving quality and access to care for older adults. AI Illustration. Upload story photo >

Live Poll

Should private foundations prioritize aging-related social issues when managing their investment portfolios?

Scan Foundation has carved out approximately $13 million of its $280 million in total assets for mission-related impact investments. The foundation aims to improve affordability, quality, and access to aging-related care as the U.S. population ages.

Why it matters

Investors are increasingly prioritizing aging as a thematic cause, driven by projections that individuals 65 and older will exceed 20% of the U.S. population by 2040. This shift marks a broader move among foundations to align their investment portfolios with specific demographic and social challenges.

Scan Foundation holds $280 million in assets and has earmarked $13 million for its impact carve-out. The foundation expects these investments to achieve a target portfolio return exceeding the 4% to 5% hurdle rate.

The players

Scan Foundation

This California-based foundation focuses on improving the quality and accessibility of care for older adults.

Next50

A philanthropic organization managing $265 million that focuses on aging-related investment strategies.

JPMorgan Chase

This major financial institution provides thematic investment portfolio services to institutional and private clients.

Women's Foundation of Colorado

An organization that serves as a case study for shifting endowment assets toward gender-lens investing.

The details

The foundation directs capital toward older-adult businesses through side letters in fund commitments, including backing Resilience VC and JFF Ventures. This approach mirrors the thematic strategies adopted by entities like Next50, which utilizes JPMorgan Chase to align assets with aging-related goals.

Scan Foundation was formed in 2008 with a one-time donation.
Next50 was established in 2016.
The Women's Foundation of Colorado shifted investment strategies between 2014 and 2023.
Grantmakers in Aging will host a conference in Denver in October 2026.
The U.S. population over 65 is projected to exceed 20% by 2040.

Market Dynamics

The transition to an aging U.S. population exceeding 20% by 2040 is driving institutional investors to reallocate capital into the elder-care sector. This strategy directly follows the precedent set by demographic forecasts that demand new capital infrastructure for older adult care.

Retail and institutional investors can monitor these shifts as a signal of emerging thematic investment opportunities in the longevity economy. These changes may influence how retirement-focused funds and ESG-oriented portfolios allocate capital in coming years.

The takeaway

Foundations are increasingly treating aging as a core investment theme rather than solely a philanthropic one. Investors looking to align their assets with long-term demographic shifts may find expanding opportunities in companies focused on the care and lifestyle of the elderly.