It depends on what project you are referring to, as I’m discussing three separate ones in the video.. so I’ll try to break down each ones “goal” in a couple sentences and see if that helps;
The Community Foundation (more info at @steemalliance) - To push Steem to the mainstream market by helping the community take ownership and have a voice to help fill the gaps we see today.
The Steem.DAO (more info @blocktrades) - An automated worker proposal system where anyone can apply for funding (through an interface) and if enough stake holders approve, funding is granted.
The Steem Business Alliance (more info at @steemba) - To onboard businesses as well as act as a landing place for them, to show them the ins and outs Of Steem and help them be successful.
All three have the similar goal to increase the value of the STEEM token, therefore improving the chain as a whole.
And yes, many other Blockchains do have a foundation as well as a type of DAO... Steem will just be the first blockchain foundation to be built by the community itself.
I hope that helps! If not, let me know 😉
Also, if you aren’t familiar With the idea of this community foundation at all, this may help;
https://steemit.com/dtube/@llfarms/sipggsqy