Sandhills Community College Foundationâs endowment outshone the average for all college and university endowments for the past year â by more than 5 percent, according to national figures compiled by the National Association of College and University Business Officers (NACUBO).
Germaine Elkins credits a conservative investment stance adopted by the SCC Foundation (SCCF) Board Finance Committee more than a decade ago for building up the collegeâs coffers.
In 2007, SCC had $15 million in net assets and around $11 million invested. Following the economic recession that hit the following year, Elkins said then-SCCF Chairman Stan Bradshaw recommended the college move toward index funds.