I believe that scholarships do not have to be self-contained within a student community, and your idea of extending these services to the elderly is a great idea! I think that anyone that has dedicated their hard work and effort into the local deserve to be rewarded, and as you said, times have definitely changed. Medical advances allow us to live to ages that used to be unheard of, and the community of the elderly is only going to grow. I hope that we can see your idea through, and eventually create a network of scholarships that really cater to a growing demographic!
Your incentives portion is well-researched, and I think it resonates well with society! Scholarships don't just have to be for students, but any individual that is or has contributed a great deal of time and dedication to the local community. Great insight!
I was hoping to utilize an application that could possibly be funded and backed by the government. I believe that local governments should be interested in funding this idea because it affects everyone around them, from their own relatives to their peers at work. The elderly population will only continue to expand and grow, and if there are no foundational programs that help them prosper and enjoy life at that age, that whole demographic will become an eventual problem that would be quite difficult to fix. If the government is not interested in such a program at this time, there are other possible venues of funding, such as crowdfunding, possibly through Kickstarter or such. The cost of software developers and application tools are not cheap, but if this problem is solved sooner rather than later, we are potentially saving a great amount of money before this issue becomes too large of a problem.