Anchor Institutions

Koret Foundation

Founded in 1979, the Koret Foundation focuses, in part, on supporting Bay Area anchor institutions.  Recognizing the importance of anchor institutions—civic organizations, educational institutions, cultural establishments, and large human-service organizations— to creating a strong, dynamic Bay Area for current and future generations, it provides capital project, general operating, and program support to such organizations.  In 2013, its Anchor Institutions program disbursed more than $11 million in grants, which comprised nearly half of its total $25 million in grant awards. Read more about Koret Foundation...

Dignity Health

Founded in 1986 and headquartered in San Francisco, Dignity Health is the fifth largest health system in the nation and the largest hospital provider in California.  In 1990, it established a Community Grants program, which has provided over $51 million in support to over 3,000 projects working to improve access to jobs, housing, food, education, and health care for people in low-income and minority communities.  To create larger pools of capital for those who have been historically underserved, Dignity Health established a Community Investments program, which provides below-market interest rate loans to nonprofit organizations working to improve the health and quality of life in their communities.  Since 1992, Dignity Health has invested more than $88.1 million in 185 nonprofits that are developing child care and community clinics, affordable housing for low-income families and seniors, job training for the unemployed or underemployed, and health care services for low-income and minority neighborhoods.

Can the Real Sharing Economy Please Stand Up?

Nina Feldman
Next City

In the wake of the BP oil spill, co-op businesses are on the rise in New Orleans

Community Wealth Building in Jackson, Mississippi: Strategic Considerations

The Democracy Collaborative

This report, prepared by The Democracy Collaborative and submitted to Cooperation Jackson, highlights opportunities to build a cooperative economy in Jackson, Mississippi linked to anchor institution procurement.

Community Health Network

Based in Indianapolis, Community Health Network (Community) is a nonprofit healthcare system with 200 sites across central Indiana.  Since beginning to conduct Community Health Needs Assessments in the 1990s, Community has recognized the importance of addressing social and economic factors that impact health. One initiative is Project Search/Indiana, a high school transition program for students with disabilities that provides participants with worksite-based training.  Initiated in 2006 with an investment of $92,000, Community also supported an Individual Development Account program designed to help area residents build assets through matched savings.  To promote nutrition, Community sponsors farmers’ markets in neighborhoods and within its hospitals, helped develop the Community Heights garden where it maintains a medicinal herb garden, and provided technical assistance to the Indy Food Co-op, which opened the city’s first community-owned grocery store, Pogues Run Grocer, in a food desert at the end of 2010.

Richard M. Fairbanks Foundation

Established in 1986, the Richard M. Fairbanks Foundation focuses a portion of its grantmaking on initiatives that enhance the “vitality of Indianapolis.”  Supported within this priority area are comprehensive workforce development programs that help Indianapolis residents achieve economic self-sufficiency, earn a livable wage, manage their personal finances, and build assets. Demonstrating this commitment, the foundation has supported Second Helping’s Culinary Job Training Program, which trains disadvantaged adults for careers in the food service industry. Read more about Richard M. Fairbanks Foundation...

Children’s Museum of Indianapolis

Founded in 1925, The Children's Museum of Indianapolis is a nonprofit committed to creating family learning experiences that transform the lives of children and families.  It is also committed to serving Indianapolis’ communities, demonstrated by the resources and time it invests in its surrounding neighborhoods.  For example, in 2001, it created a Neighborhood Improvement Fund, which includes a $2 million revolving loan fund to support collaborative neighborhood projects.  In 2004, it catalyzed an on-going housing rehabilitation and new construction project focused in its bordering neighborhoods, which has, to date, resulted in the rehabilitation and construction of 40 homes, demolition of 50 vacant properties, and repair assistance for 100 houses.  It also played a lead role in managing the redevelopment of an abandoned hospital near its campus, which resulted in a new affordable housing complex with 50 units.

Central Indiana Community Foundation

Established in 1997 as a partnership between Marion County’s The Indianapolis Foundation and Hamilton County’s Legacy Fund, the Central Indiana Community Foundation aims to improve the lives of Central Indiana residents.  The Foundation holds assets of over $700 million and awards more than $40 million in grants each year to Central Indiana nonprofits.  In 2004, it launched its Family Success program, which aims to break the cycle of poverty through direct services, network building, and policy work. As part of that initiative, the foundation supported the creation of Centers for Working Families, seven neighborhood-based sites where people can access employment services, financial literacy and coaching, and asset-building programs.

Creating an Anchored Local Economy in Newark: Recommendations for Implementing a Comprehensive Local Procurement Strategy

Kim Zeuli, Lena Ferguson and Austin Nijhuis

This new report from the Initiative for a Competitive Inner City (ICIC) identifies an opportunity for Newark anchor institutions to shift over $425 million of procurement toward local purchasing. In addition to targeting local procurement strategies in high expenditure areas, authors Kim Zeuli, Lena Ferguson, and Austin Nijhuis also suggest that anchors target local procurement contract opportunities so as to build the capacity of small firms to scale up for future contracts, as demonstrated by the Chicago Anchors for a Strong Economy (CASE) initiative

Improving Community Health through Hospital – Public Health Collaboration: Insights and Lessons Learned from Successful Partnerships

Lawrence Prybil et al.

A new IRS requirement that tax-exempt hospitals conduct community health needs assessments encourages hospitals to work collaboratively with a wide range of stakeholders. The authors of a recent report, published by the Commonwealth Center for Governance Studies, Inc., argue that this federal mandate presents an opportunity to improve community health and reduce health care expenditures. The report offers several case studies of effective and sustainable partnerships in California, Minnesota, Maryland, Florida, and elsewhere throughout the country. 

A Roadmap for Anchor Institution Local Food Purchasing in Baltimore

Karin Endy and Karen Karp

Commissioned by the Baltimore Integration Partnership, a collaboration of anchor institutions, nonprofits, and public organizations focused on inclusion in Baltimore, this report from Karp Resources describes how anchors can create opportunities for local food vendors and strengthen the local economy. To help local vendors gain contracts with anchor institutions, which typically work with large food service providers, the report encourages anchors to create local preference requirements within their requests for proposals (RFPs), to support the certification of local- and minority-owned enterprises, and to institute local food price preferences.

Community Foundations Move to Adopt a New Anchor Mission

Philanthropy must address structural economic barriers if “full livelihood, democracy and opportunity for all” are to be achieved.

Crossposted form Shelterforce

According to the Foundation Center’s 2014 Key Facts report, community foundations today have nearly $65 billion in assets, more than 9 percent of all foundation assets ($715 billion). As noted at a recent White House conference, over 700 community foundations operate nationwide. Yet while the first community foundation inCleveland was founded in 1914, their present-day prominence is fairly new. As recently as 1990, U.S. community foundation assets totaled $6.6 billion. Even after adjusting for inflation, that means a six-fold increase in assets in two dozen years. The number of community foundations has also more than doubled over that period.

New York Community Trust

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.