Anchor Institutions

New York Community Trust

http://www.nycommunitytrust.org

Established in 1924, the New York Community Trust is one of the oldest community foundations in the nation.  As of 2013, it had $2.5 billion in total assets and managed over 2,000 funds. In 1980, the foundation incubated a CDFI, the Nonprofit Finance Fund (at the time known as the Energy Conservation Fund), which has loaned over $287 million to nonprofits and social enterprises around the country. Read more about New York Community Trust...

Anchor Richmond: Community Opportunities & Anchor Strategies for the Berkeley Global Campus at Richmond Bay

Eli Moore, Nadia Barhoum and Alexis Alvarez Franco

This new report from the Haas Institute for a Fair and Inclusive Society identifies opportunities for community wealth building in Richmond, California. The authors claim that with the development of the Berkeley Global Campus, which is poised to become the largest employer in Richmond and the largest public investment in Richmond since World War II, UC Berkeley and the associated Lawrence Berkeley National Laboratory have a unique opportunity to reduce racial inequality and promote broad prosperity in Richmond. The Haas report provides several recommendations that these anchor institutions can adopt, including the creation of a working group to develop and monitor strategies for community wealth building and the creation of a fund to launch minority-owned businesses.

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Kaiser Permanente

http://share.kaiserpermanente.org/static/cbsnapshot2013/

Headquartered in Oakland, Kaiser Permanente, a nonprofit health insurance company that also operates 38 hospitals, is one of the first health systems in the country that recognized the benefits of adopting more sustainable practices.  Kaiser ranks first in solar use among all U.S. Read more about Kaiser Permanente...

Common Counsel Foundation

http://www.commoncounsel.org

Founded in 1988, Common Counsel Foundation partners with families and individual donors to expand philanthropic resources for progressive social movements. The foundation’s donor and member funds focus on supporting organizations committed to grassroots community organizing for racial, economic, and environmental justice, policy reform, and social change.  In 2013, the Foundation and its member funds made 311 grants totaling nearly $3 million. Read more about Common Counsel Foundation...

East Bay Community Foundation

http://www.ebcf.org

Established in 1928, the East Bay Community Foundation was the first community foundation in northern California.  As of FY 2013-14, the foundation had more than $395 million of assets under management.  Through its Economic Development grant program, the foundation aims to advance economic opportunity for adults and families in need, particularly those with significant barriers to employment and financial stability.  In April 2014, the foundation released its second report on unemployment, which outlined solutions for persistent unemployment among East Bay residents and highlighted the va Read more about East Bay Community Foundation...

Building Healthy Communities, East Oakland

http://www.bhcconnect.org/health-happens-here/east-oakland-home

The California Endowment (TCE) launched Building Healthy Communities, a 10-year effort to support the development of communities where kids and youth are healthy, safe and ready to learn. East Oakland Building Healthy Communities brings together residents, community- and faith-based organizations, and public agencies to collaborate to implement a 10-year plan for an East Oakland that can sustain safe, beautiful spaces for community residents. Read more about Building Healthy Communities, East Oakland...

Press Release: Six Universities Partner with The Democracy Collaborative to Develop and Share Best Practices for Measuring Community Impact

Nov 19th, 2014
Learning cohort will build off the recommendations in The Democracy Collaborative’s report "The Anchor Dashboard"

FOR IMMEDIATE RELEASE

Takoma Park, MD — November 19th, 2014

The Democracy Collaborative, with the support of the Annie E. Casey Foundation, has convened a group of anchor institution leaders from six universities to explore how to better align their operations to benefit the places they call home. Read more about Press Release: Six Universities Partner with The Democracy Collaborative to Develop and Share Best Practices for Measuring Community Impact...

Economic Analysis Of Detroit’s Food System

Econsult Solutions, Inc. and Urbane Development, LLC

The food economy in Detroit is already the city’s third largest economic sector, and is poised to be the next largest growth sector for the city, note Econsult Solutions, Inc. and Urbane Development in a report written on behalf of The Detroit Food and Fitness Collaborative. In their report, the authors outline several strategies to foster equitable growth, including connecting local, small-scale food producers and manufactures to anchor institution demand. Only by engaging Detroiters and supporting the local, small, and medium sized actors in the system, the report argues, will food sector growth be effective in creating jobs and building community wealth for Detroit residents. 

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Greater Milwaukee Foundation

http://www.greatermilwaukeefoundation.org

Established in 1915 so that citizens could maximize their ability to address pressing local needs and plan for the future, the Greater Milwaukee Foundation now holds $712 in assets. In 2013, it made 3,807 grants totaling $39 million focused on initiatives in its four priority areas: strengthening education, strengthening neighborhoods, increasing economic opportunities, and promoting racial equity and inclusion. Read more about Greater Milwaukee Foundation...

A New Anchor Mission for a New Century: Community foundations deploying all resources to build community wealth

Marjorie Kelly and Violeta Duncan

As the community foundation field reaches the century mark and faces growing pressure on its business model, many communities at the same time are struggling with economic distress. To meet these converging challenges, an innovative group of community foundations are beginning to deepen and shift how they work—adopting an anchor mission that seeks to fully deploy all resources to build community wealth. They are calling on all assets at their disposal—financial, human, intellectual, and political—in service of their communities’ economic well-being. Moving into territory relatively uncharted for community foundations, they are taking up impact investing and economic development—some in advanced ways, others with small steps. This report offers an overview of how 30 representative community foundations, large and small, urban and rural, are working toward adopting this new anchor mission.

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Eds, Meds, and the Feds How the Federal Government Can Foster the Role of Anchor Institutions in Community Revitalization

Tracey Ross
Recognizing that anchor institutions are the largest employers in 66 of the nation’s 100 largest cities, mayors across the nation are working with universities and nonprofit hospitals to foster economic growth in disinvested communities. In this new report from the Center for American Progress, author Tracey Ross explores how federal officials can further enhance the role of such anchor institutions in promoting community economic development. She recommends the use of a framework based on The Democracy Collaborative’s Anchor Dashboard to hold anchor institutions accountable and to help illustrate to Congress and other stakeholders the extent of their impact in communities.
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Fostering the Power of Universities and Hospitals for Community Change

Oct 24th, 2014
New federal policy strategies can help cities leverage the economic might of their anchor institutions to benefit communities

Crossposted from Talkpoverty.org blog - a project of the Half in Ten Education Fund, a project of the Center for American Progress.

Communities across the country are recognizing the tremendous resources nonprofit anchor institutions—such as hospitals and universities—can provide as engines of inclusive and equitable economic development. Increasingly, cities—often led by Mayors—are launching comprehensive strategies to leverage these institutions to address challenging problems of unemployment, poverty, and disinvestment. In 2014, several cities, including Chicago, Baltimore and New Orleans, have launched community building and job creation strategies that revolve around anchor institutions; and in Cleveland, a decade old collaboration of philanthropy, anchor institutions, and the municipal government continues to rebuild economies in some of the poorest neighborhoods in the city.

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California Community Foundation

https://www.calfund.org/page.aspx?pid=591

The California Community Foundation (CCF) aims to create greater equity, opportunity, and prosperity in Los Angeles County.  Established in 1915, CCF currently stewards nearly $1.4 billion in total assets and manages more than 1,700 charitable foundations, funds, and legacies.  From 2003 to 2013, CCF made almost 62,000 grants totaling $1.6 billion, representing, on average, 10-20 percent of its assets annually.  CCF also has a PRI program, through which it provides low-interest loans to Community Development Financial Institutions (CDFIs) and intermediary lenders that can leverage additional financing and provide technical assistance to local nonprofits.  To date, this program has made more than 90 loans totaling $21.6 million, creating 4,507 units of affordable housing and more than 300,000 square feet of community facility space.

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Committing to Their Roots: Interview with Ted Howard

Mary Helen Petrus
Forefront: New Ideas on Economic Policy from the Federal Reserve Bank of Cleveland

Forefront interviews Ted Howard, who describes how large, so-called anchor institutions can make a difference in the high-unemployment, high-poverty neighborhoods in which they operate. But he also says they should be ready for unintended consequences as they do.

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