community-owned funds

Community-owned funds are financial resources that are collectively owned and managed by a specific community, often to support local projects, businesses, or initiatives. These funds are typically created through contributions from community members, grants, or donations. The goal is to empower residents to invest in their own community, enhance economic resilience, and address local needs. Decisions regarding how the funds are used are made democratically, ensuring that the community has a direct say in their priorities, fostering a sense of ownership and collaboration among members.