Models & Finances The financial potential of intergenerational programs

Overview  Why it’s important  Examples  Financial benefits  One (1) chart!  5 takeaway points

Why it’s important  Age segregation  ↑ costs, ↓ funding  Sustainability

Examples  Aged care facility / childcare early learning E.g. KITE, OneCare, Strathern Scone  Aged care facility / retirement village / after & before school care E.g. Blue Hills Vic  Aged care / retirement village / disability / commercial & retail E.g. Box Hill Vic  Aged care / retirement village / tertiary education / research / commercial & retail E.g. Western Sydney

How they Differ  Multi - service  Multi - delivery  Multi - ownership

Net Profit $350 Profit Centre 1 $100 Profit Centre 2 $50 Profit Centre 3 $200 Financial Benefits  Economies of scale  Cross subsidisation  Alternative income streams  Additional funding  Higher sales rates  ↑ occupancy  ↓ staff turnover  Volunteer labour Fixed Cost $100 Entity 1 $50 Entity 2 $30 Entity 3 $20

One Chart

5 takeaway points 1) Start early 2) Develop partnerships 3) Establish a business case 4) Beware possible downside 5) New normal

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