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This article explores the role of place-based philanthropy in rural community development through a case study of the Skeena watershed. The Skeena is an ecologically significant region in Northwest British Columbia that is confronting the complex and layered forces of change being experienced by many rural regions in Canada. Through qualitative interviews and document analyses, the article illustrates how a robust ecosystem of environmental community-based organizations (CBOs), funded by philanthropic capital, is extending beyond traditional environmental advocacy to fill important structural gaps in community development. Though pressed by capacity issues, the sector is shifting towards highly integrated and collaborative responses to development pressures and is charting alternative pathways for development in the region. The complexity and scope of pressures in the Skeena offer insights for other rural regions and the dynamic potential and challenges associated with place-based philanthropy in community and regional development processes. [ABSTRACT FROM AUTHOR]