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, Muskie School of Public Service
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.
Recommended Citation
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 and Dissertations. 75.
https://digitalcommons.usm.maine.edu/muskie_capstones/75
