This anchor chart takes literally two minutes to create. On a large piece of paper, write the title and definition for compound words. Using large sticky notes, write compound words divided into parts.
For an easy class activity, pass out the sticky notes. Students must walk around the room and find another student whose sticky note will go together with the one s/he is holding to form a compound word. The students place the two sticky notes together on the anchor chart.
Another version of this activity that works really well as a small group activity is to place all the sticky notes randomly on a board. Students search through the sticky notes to pair up words that create compound words and place them on the anchor chart.
Spelling City has spelling lists by grade level. Look for the compound word lists.