In this paper, we define social capital from different perspectives and show how it is linked to the concept of a community. Based on these definitions, a conceptual framework for analyzing and measuring social capital and its indicators is developed. A typology for analyzing social capital is then created based on different types of communities. The characteristics of three prototype communities–a small rural community, a modern city suburb, and a community located in the core of a central city are outlined. For each prototype community, social capital formation strategies and indicators suggesting evidence of social capital are identified. Implications for future research efforts dealing with social capital are discussed.