Broward County, FL
A community resource program of the Greater Fort Lauderdale Chamber of Commerce. Connects high-impact retired or soon-to-retire professionals age 55-plus with nonprofits for part-time, modest stipend opportunities.
Forget retiring, millions of boomers have a second act. It's called an encore career. A recent MetLife Foundation/Civic Ventures survey of boomers shows more than 30 million Americans want to pursue a second career for the greater good instead of retiring in this economy. Experts say researching, learning new skills and volunteering in the field of your next career is key.
To mitigate his financial risks as a serial entrepreneur, Purpose Prize winner Randal Charlton streamlined his life and expenses at age 60. He rented a small apartment, had no credit card debt and built a house only when he could afford it. He drives a 10-year-old car and has no problem wearing business suits, ties and shoes from a secondhand store.
Many people are taking the opportunity to move into what is being called an encore career: work in later life that ideally combines personal meaning, income and social impact. In fact, an estimated 31 million Americans ages 44 to 70 find an encore career appealing, according to recent research from MetLife Foundation and Civic Ventures.
Purpose Prize winner Adele Douglass, 65, launched her encore career in her mid-50s by drawing from the passion she had for animals and creating a nonprofit promoting the humane treatment of farm animals. She cashed in her 401(k) to help make the transition. Recent research from MetLife Foundation and Civic Ventures found that finances play a major obstacle for people who want to switch to encore careers.
Six years ago Mark Goldsmith, winner of the 2008 Purpose Prize, founded Getting Out and Staying Out, a nonprofit program working to keep New York City’s young men out of prison for good. Recidivism rates – the proportion of people who return to prison within three years of their release – hover above 60 percent nationally. In New York City the rate is about half that.
Boaz and Ruth in Richmond, Va., has restored abandoned buildings and homes, generated employment opportunities and changed lives. The neighborhood has seen crime rates drop by 61 percent since the organization's arrival a decade ago. "Eighty percent of the buildings here were boarded up," says founder Martha Rollins, a 2006 Purpose Prize winner. "We're trying to fill the emptiness."
A recent survey concluded that 12 million people ages 44 to 70 are interested in using their experience to start nonprofits or businesses that serve the greater good. The MetLife Foundation/Civic Ventures survey also found 50 percent of respondents were “very serious” and expect to carry out their plans.
Edward Moscovitch and Barbara Gardner have been named Purpose Prize fellows for their work in founding and advancing the Bay State Reading Institute. The nonprofit works with 37 Massachusetts elementary schools helping teachers find new, innovative approaches in teaching children to read.
Experience Matters' centerpiece program is Encore Fellowships, placing highly skilled executive retirees in half-time positions for a year (a $20,000 stipend underlines that it's a serious commitment). Fellows' accomplishments range from strengthening a museum's finances to developing a long-range plan to make senior centers more efficient and effective. (This story also appeared in USA Today.)