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Anchor Institutions

A City with Opportunities for All: Toronto, Canada

A municipal strategy to reduce urban poverty addresses the roots of inequality

Like many major metropolitan areas in the United States, Toronto is experiencing fast-paced growth. Canada's finance and business capital has more cranes in the sky than New York City—with nearly 50 percent more high-rises undergoing construction than in the big apple. Read more about A City with Opportunities for All: Toronto, Canada...

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

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...

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.

Fostering the Power of Universities and Hospitals for Community Change

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.

Place Matters: Partnerships between Higher Education and the Local Communities

September 12th, 2014
Reading, PA

Rresearch Director Steve Dubb, co-author of A Road Half Traveled: University Engagement at a Crossroads, will provide the keynote address.

This one-day conference is being sponsored by Albright, PA Campus Compact, the U.S. Department of Housing and Urban Development (HUD), and the Federal Reserve Bank of Philadelphia. Read more about Place Matters: Partnerships between Higher Education and the Local Communities...

Case Study: Mayo Clinic (Rochester, MN)

David Zuckerman
Hospitals Building Healthier Communities: Embracing the Anchor Mission

Representing the center of a $8.5 billion health system, Mayo Clinic’s hospital operations in Rochester employ more than 33,500 people and maintain 1,132 beds. Mayo operations here also procure more than $1 billion in goods and services annually, profoundly impacting the economies of the state’s third largest city and the greater region of southeast Minnesota. Recently assuming a larger role in spurring local revitalization of the surrounding region and Downtown Rochester, Mayo has begun to consciously target local and diverse suppliers in the area. It also served as the principal funder for First Homes, a community land trust that has to date developed 875 units of affordable housing available to all community residents.

Case Study: Bon Secours Health System (Baltimore, MD)

David Zuckerman
Hospitals Building Healthier Communities: Embracing the Anchor Mission

A 125-bed facility with more than 950 employees, Bon Secours Baltimore is the flagship of the nine-hospital Bon Secours Health System, a $3.3 billion not-for-profit Catholic health system stretching from New York to Florida. As Southwest Baltimore’s primary anchor institution, Bon Secours Baltimore Health System has adopted an approach to community and economic development since the 1990s that focuses on revitalizing neighborhoods and rehabilitating housing, providing family and women’s services, offering youth employment and workforce development, and expanding financial services. As a result, Bon Secours’ larger system has since institutionalized these practices through its Healthy Communities initiative, which is modeled on Baltimore’s approach and requires each system hospital to develop community-specific initiatives that reflect the social determinants of health. Bon Secours Baltimore has also refocused efforts to increase local purchasing from minority- and women-owned suppliers.

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