Date of Award


Document Type


Degree Name

Master of Public Policy and Management (PPM)


Public Policy and Management

First Advisor

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.



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