Funder DirectorySPENCER EDUCATIONAL FOUNDATION INC
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Grantmaking public charityEIN 581420617

SPENCER EDUCATIONAL FOUNDATION INC

NEW YORK, NY 100873613

Total Assets

$10.1M

FY 2024

Annual Giving

$955K

FY 2024

Grants Made

71

FY 2024

Avg Grant

$13K

FY 2024

Grant Range

Typical

Deadlines

Applications

Programs & Activities

Program 1

$376K

General grants - spencer's grants program supports initiatives that align with the foundation's mission to fund the education of tomorrow's risk management and insurance leaders. Spencer considers grant proposals that fall in the following two critical branches: 1. Provide experiential learning opportunities for risk management and insurance students, and 2. Attract new talent to the industry.during 2024, spencer awarded 24 general grants

Program 2

$237K

Internships - through our internship grant program, spencer aims to support tomorrow's risk management and insurance leaders through experiential learning opportunities. Spencer provides internship grants of up to $7,500 to risk managers to hire interns in the risk management function of their organizations. Employers apply for the grants from spencer, and students then apply directly with the companies for the internship opportunities.during 2024, spencer awarded 31 intership grants

Program 3

$1.5M

Course development - spencer's course development grant program supports introductory risk management and insurance course development - for universities that have not previously offered any such instruction - as well as proposals for additional course curriculum development and program development - for universities looking to develop a rmi program and/or expand existing rmi course offerings, with an emphasis on new and emerging areas in the industry.during 2024, spencer awarded 14 course development grants. Risk manager on campus grants - for 24 years, spencer's risk manager on campus (rmoc) program has been praised by both universities and risk managers as a rewarding educational experience for students and a chance to give back to the profession. The program brings a practicing risk manager to the university to present and engage with students about the risk management profession and insurance industry.student risk management challenge - the spencer-rims student risk challenge is an international student competition in which students showcase their research skills and apply their risk management knowledge to real-life scenario. The competition requires university/college teams comprising of four students to develop and present a comprehensive risk management report based on a case study. A judging committee evaluates the teams' solutions, and the top eight teams are invited to present their strategies at the annual rims riskworld conference.

Focus Areas

Education

Financial Snapshot

2024 filing

Total Revenue

$3.6M

Total Expenses

$3.1M

Giving Over Time

5 years

Giving over time from 2020 to 2024. Peak $955K in 2024. Hover bars for details.

Total dollars recorded per filing year. Scale adjusts to the foundation's range.

Top Recipients

257 grants

Grant Size Distribution

256 grants

<$10K
181
grants
$10–50K
67
grants
$50–250K
8
grants
$250K–1M
$1–5M
$5M+

Geographic Focus

33 states

Pennsylvania
$761K
21% of total
New York
$589K
16% of total
Texas
$365K
10% of total
Virginia
$200K
5% of total
Illinois
$181K
5% of total
Georgia
$175K
5% of total
California
$170K
5% of total
North Carolina
$160K
4% of total
Florida
$133K
4% of total
Ohio
$122K
3% of total

+23 more states

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SPENCER EDUCATIONAL FOUNDATION INC — Grants, Financials & Contact | Grantivo