Date of Award
Master of Public Policy and Management (PPM)
Public Policy and Management
Prof. Dahlia Lynn
fiduciary, non-profits, prudent man rule, Muskie School of Public Service
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.
Spirer, Kenneth S., "An Examination of the Governance Policies of Maine Nonprofits as They Relate to Endowment and Cash Reseve Accounts" (2013). Muskie School Capstones. 75.