Earlier today, I wrote about how ERM works for all organizations, including educational institutions.
If you are interested in more on that topic, have a look at the attachment. I picked it up a few years ago when I worked at PricewaterhouseCoopers in Toronto. Ironically, I cannot seem to find a link to this file on any PwC domain, so here it is.
If you had the choice between reading the COSO ERM Framework (which PwC authored) or this document, read this one since it reads more like a case study.