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NEW YORK (February 9, 2016) – RIMS Board of Directors approved a $450,000 donation to the Spencer Educational Foundation to be paid over a three-year period. For 37 years, Spencer has been dedicated to funding the education of tomorrow’s risk management and insurance leaders through grants, scholarships, internships, mentoring and other programs.

 

“The bright and talented new professionals and students that are entering the risk management workforce are a major reason why this profession continues to shine,” said RIMS President Julie Pemberton.  “RIMS Board of Directors agree that it is imperative to support these future leaders as they take that initial step to pursue rewarding careers in this industry.  That’s why we’re proud to partner with the Spencer Educational Foundation and support in their mission to advance the risk management and insurance profession.”

 

Brion Callori, Chairman of the Spencer Educational Foundation said, “The Foundation continues to make great progress that has included over $5.6 million in scholarships and $3.25 million in grants.  None of our programs would be possible without the support of our industry partners. On behalf of Spencer and the countless students we’ve helped over the years, I would like to sincerely thank RIMS for this most generous donation.”

 

The $450,000 RIMS donation will be bestowed to Spencer in three installments of $150,000 per year from now through 2018.  The donation will help support:

 

Spencer’s Part-Time Masters Scholarship Program – This program awards Part-Time Master’s Scholarships to risk practitioners who attend graduate school part-time or online, while working full-time. Selected recipients will receive awards up to $10,000. The award is given to recipients who will be enrolled part-time at the institution of higher learning during the 2016-17 academic year. The deadline for applications is May 1, 2016 and applications are available via www.spencered.org.

 

Spencer Internship Program – This program provides grants of up to $5,000 to a risk professional’s organization for the purpose of employing a summer intern and providing experiential learning opportunities to that student.

 

Risk Manager in Residence Program – This program provides funding for universities to host an experienced risk professional as a guest lecturer. The Foundation awards grants of up to $4,000 to colleges and universities to cover transportation, housing, and incidental expenses for a lecturing a risk manager.

 

Established in 1979, the Spencer Educational Foundation is an independent affiliate of RIMS, the Risk and Insurance Management Society, Inc. The premier non-profit organization supporting risk management and insurance education, the Spencer Educational Foundation changes lives by awarding scholarships, facilitating internship opportunities, providing a Risk-Manager-in-Residence program to universities and awarding grants to help promote the industry to the next generation. For more information about the Foundation, visit www.spencered.org.