A New Anchor Mission for a New Century: Community Foundations Deploying all Resources to Build Community Wealth
Over the past decade anchor institutions have played a big role in community development. Traditionally, anchor institutions have been thought of as "eds and meds" - medical and educational organizations within a community. However, through on-the-ground stories, this report from The Democracy Collaborative shows that community foundations are an important component of any anchor mission to build community wealth. Focused geographically in their giving, governed by boards of local civic leaders, and endowed by contributions from local donors, the authors argue that community foundations are as firmly rooted in place as any institution in America and have great potential as a new form of anchor in a community's development.