Aging Research Inc.

Selected Financial Practices

Aging Research Inc. was created in 1985 to provide funding for not-for-profit or governmental entities, enabling them to study and research issues affecting the elderly. We audited the Corporationís financial practices and found that the Corporation was involved in few activities. We concluded that the Corporation was not needed, because a State agency (the State Office for the Aging) closely affiliated with the Corporation could do its work without incurring the added administrative burden of maintaining the Corporation. We recommended that the Corporation be dissolved and its few remaining assets be distributed in accordance with the Not-for-Profit Corporation Law.

For a complete copy of Report 2006-S-5 click here.
For a copy of the 90-day response click here.