The Foundation awards a variety of grants to support industry education in addition to the Risk Manager in Residence and Internship grants.

Spencer/RIMS Risk Management Challenge

Each year, nearly 30 schools put their knowledge to the test on a complex risk-management problem at the RIMS Conference to compete for cash prizes. The event helps to elevate the visibility of the study of risk management and insurance. For more information about the contest, please contact Josh Lamangan (


Gamma Iota Sigma

The student organization promotes, encourages, and sustains student interest in insurance, risk management, and actuarial science as professions. Spencer supports its Annual International Conference that attracts more than 800 risk and insurance students.


Anita Benedetti Student Involvement Program

This program helps fund student attendance to the RIMS Annual Conference. The Foundation awarded a $40,000 grant to RIMS in support of this program, which has been in existence since 1978. To apply for this grant, contact Angela Sabatino, Program Director, or call her at 212.655.6223.


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 was awarded in April 2014. The final grant was given in 2017.