Date of Award

12-2013

Document Type

Capstone

Degree Name

Master of Public Policy and Management (PPM)

Department

Public Policy and Management

First Advisor

Prof. Dahlia Lynn

Keywords

fiduciary, non-profits, prudent man rule

Abstract

For my Capstone project, I examined whether Maine nonprofit organizations have established policies to manage their endowment and cash reserve funds. Based on survey responses and a literature review, I have identified governance policies that represent best practices for nonprofit organization’s responsibilities for the endowment assets. I also have drafted a sample Investment Policy Statement “template” for small nonprofits to use as a basis for developing their own policies.

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