Karen Brooks Hopkins is the President Emerita of the Brooklyn Academy of Music (BAM), where she worked from 1979 until her retirement in June 2015. Crain’s NY named her one of the “50 Most Powerful Women in New York.” Karen recently completed a term as a Senior Fellow in Residence at the Mellon Foundation, where she researched anchor institutions. She is also the author of the book, Successful Fundraising for Arts & Cultural Organizations. In this episode, Erik and Karen talk about how arts organizations should adopt an anchor mission to better serve their communities, and what an anchor institution is. They also discuss how chain stores are a threat to the future of cultural districts, and how running a successful fundraising campaign is very much like mounting a military operation.