Culture trumps strategy, it’s often said in business. At companies and nonprofits alike, culture can be defined as “the way we do things around here.” It’s tough to change culture. Culture helps explain the way that most foundations invest their endowments. The way they do things — the way they’ve always done things — is …
Central Carolina Community Foundation is in most ways a typical community foundation: Based in Columbia, SC, it supports social service organizations, colleges, churches and arts groups in the midlands of South Carolina. In one important way, though, Central Carolina foundation stands apart: It invests most of its investable assets, which are worth about $94m, in low-cost …
Nonprofit Chronicles 