# Maine Maritime Academy

Maine Maritime Academy is an Endowment / Foundation based in Castine, United States.

## Overview

- **Organization type:** Endowment / Foundation
- **Headquarters:** Castine, United States
- **Region:** North America
- **Address:** Hancock, ME, United States
- **Founded:** 1941
- **Assets under management:** 48 (Altss estimate)
- **Website:** mainemaritime.edu
- **LinkedIn:** https://www.linkedin.com/school/maine-maritime-academy/

## Regulatory record

- **Reports private funds:** No

## About

Maine Maritime Academy was founded in 1941. Wayne A. Norton serves as Chairman of the Board of Trustees. Craig Johnson holds the role of President. The endowment supplies financial support for students at the Castine campus. The endowment holds an estimated $48 million. Capital deployment centers on campus real estate and training vessels. Confirmed assets include the Training Ship State of Maine and the Schooner Bowdoin. Geographic reach stays inside Maine with facilities in Castine, Bucksport, and Brunswick. The academy lists four additional sites beyond the main campus. The Maine Maritime Academy Foundation Inc. sits adjacent to the endowment. No operational events from the last 24 months appear in available records. Governance runs through the Board of Trustees and ties to the University of Maine System. Vessel ownership rests with the U.S. Maritime Administration.

## Sectors

- Education

## People

- Wayne A. Norton — Chairman of the Board of Trustees
- Craig Johnson — President

## Questions

### Who runs investment decisions at Maine Maritime Academy?

Wayne A. Norton serves as Chairman of the Board of Trustees. Craig Johnson acts as President. No separate CIO or investment committee is named in records.

### How is the Maine Maritime Academy endowment structured?

The endowment functions as an investment pool inside the University of Maine System. It supplies student financial benefits and academy operations.

### What asset classes appear in the endowment?

Records list campus real estate and training vessels. No public breakdown of securities or external funds exists.

### Where does the underlying capital originate?

Capital stems from academy operations and named donors including Captain William L. Bullard and Guy E. Mossman.

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Last updated: 2026-06-03T20:00:00.000Z

Canonical page: https://altss.com/profile/maine-maritime-academy

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