Ditching retirement villages a ‘gutsy’ move – Selwyn CEO
Charitable foundation, which sold six of its seven villages in 2021, set aside $550,000 for grants to organisations tackling issues facing the elderly.
Selwyn Foundation retained Selwyn Village in Auckland when it sold six of its villages to Metlifecare in 2021.
The chief executive of the Selwyn Foundation says the organisation could not deliver the sort of social impact it was after with the money it was generating from operating retirement villages.
The Christian faith-based organisation – which was established in the 1950s to serve and support
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