The Foundation awards a variety of grants to support industry education. These grants include:
RIMS Risk Management Curriculum Development Grant
In 2013, RIMS designated awards of grants to universities that do not currently have a risk-management curriculum to develop either a module or a class. The first grant is expected to be awarded in April 2014.
Spencer/RIMS Risk Management Challenge
Eighteen schools will put their knowledge to the test on a complex risk-management problem at the RIMS Conference in Denver and vie for cash prizes. The event helps to elevate the visibility of the study of risk management and insurance.
Gamma Iota Sigma
The student organization promotes, encourages, and sustains student interest in insurance, risk management, and actuarial science as professions. Spencer supported its Annual International Conference.
Anita Benedetti Student Involvement Program
The Foundation awarded a $40,000 grant to RIMS in support of this program, which has been in existence since 1978. In 2014, Spencer’s grant allowed 30 students to attend the RIMS Annual Conference in Denver.
Loss-Control Course Development
In 2007, FM Global donated $525,000: $225,000 to be applied to undergraduate scholarships and $300,000 to award $50,000 grants to universities to develop loss-control modules within their risk-management curriculum. In 2013, one course development grant was awarded to Temple University.