Our Mission

Spencer was founded in 1979 and to this day remains the premier organization funding the education of tomorrow’s risk management and insurance leaders. Spencer:

  • Awards scholarships and grants to students studying risk management, insurance, actuarial science and business

  • Facilitates internship opportunities

  • Provides on and off campus experiential learning opportunities through grants

  • Funds development of risk management/insurance curriculum


Funding the education of tomorrow’s risk management and insurance leaders.

Since our founding, we have awarded 981 scholarships totaling more than $6.9 million, and $3.25 million in grants to universities and professional institutions for educational programs and conferences. We have touched more than 44,000 students through our programs.

Over the past 10 years, Spencer’s scholarship program has grown by nearly 134 percent and the internship program has grown by nearly 192 percent. Spencer helps develop awareness about careers in risk management and insurance by funding the Risk Manager in Residence and curriculum development programs and other programs.

Spencer is a 501(c)(3) nonprofit organization that relies solely on the contributions of generous individuals and the industry. Spencer was named in honor of the late Robert S. Spencer, an innovative leader and past president of RIMS, and an outspoken advocate for risk management education.