Ronald M. Winans
Foundation highlights new scholarship opportunities and enhanced internship grants
Debuts doctoral candidate scholarship
OCTOBER 2, 2018 (NEW YORK) – Applications for Spencer’s 2019 full-time scholarships and internship grants are now available. Spencer, the premier foundation funding the education of tomorrow’s risk and insurance leaders, has enhanced the full-time undergraduate scholarship program, added a Doctoral Candidate Scholarship and increased amounts for its internship grant. Applications can be accessed via www.spencered.org
FULL-TIME UNDERGRADUATE SCHOLARSHIPS
“What’s new this year is that we are recognizing academic performance, leadership, community service and commitment to the industry,” said Tim Meacham, chairperson of the Foundation’s Scholarship Committee and COO of Lockton Benefit Companies. “The top five undergraduate applicants as determined by our committee will receive a $7,500 scholarship and named a Spencer Honors Scholar.”
Spencer awards undergraduate scholarships in the amount of $5,000 and Master and pre-dissertation scholarships in the amount of $10,000. Among the criteria students must meet are: they must be a full-time student for the full 2019-2020 academic year; have major or minor in risk management, insurance, actuarial science, business/finance; and have a GPA at or above 3.3. The full list of criteria can be found at https://www.spencered.org/students/scholarships/. Completed applications are due by January 31, 2019.
DOCTORAL CANDIDATE SCHOLARSHIPS
“For many years we have offered a Pre-Dissertation Ph.D. scholarship,” said Mr. Meacham. “We need to make sure that there are professors in the schools to teach risk management and insurance and are pleased to extend our scholarships to doctoral candidates.”
The Doctoral Candidate Scholarship application will follow a slightly different schedule – opening in November, with a deadline of March 1, 2019.
“Our grants enable risk managers to provide experiential learning opportunities to students,” said Marya J. Propis, chair of the Spencer’s Internship Committee and SVP, Director of Distribution& Broker Partnerships at All Risks, Ltd. “To keep pace with the job market, we are delighted to increase our grant from $5,000 to $7,500 for 2019.”
The Foundation will only be awarding 40 grants for 2019. Risk managers interested in applying for this grant should read the criteria. Applications must be completed by January 9, 2019.
Established in 1979, the Spencer Educational Foundation changes lives and propels careers 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, visit www.spencered.org.
Total value of scholarships awarded for 2018 exceeds $500,000
July 9, 2018 (NEW YORK) – Spencer, the premier foundation supporting risk management and insurance education, awarded scholarships to 12 industry professionals who are seeking master’s degrees part-time. Each recipient was granted up to $10,000; a total of $101,100 was awarded. Combined with its full-time scholarships, the Foundation awarded 82 scholarships this year totaling $501,000. Since its inception, the Foundation has given out more than 1,050 scholarships.
Tim Meacham, Chair of the Foundation’s Scholarship Committee and COO of Lockton Benefits Companies congratulated the recipients, “These individuals are taking an important step to further their education. Their dedication and commitment to advancing themselves also helps advance the industry as a whole. We would also like to thank our donors, for making the education of tomorrow’s industry leaders possible and accessible.”
The 12 outstanding industry professionals receiving the scholarships this year can be found here:
Twane Duckworth received the RIMS Part-time Master’s Scholarship, and Sandra Del Guercio received the New York Chapter Part-time Master’s Scholarship. Both RIMS and the RIMS New York Chapter provided funds to establish scholarships to further the education of risk management professionals.
Spencer Scholars are selected through a rigorous and competitive process. Criteria for evaluation include field of study, career objective, work experience, leadership skills and academic performance.
Applications for the Foundation’s Part-time Master’s Scholarships will be available on the Foundation’s website (www.spencered.org) in January, 2019.
We’re moving offices! Our new address is effective June 4th.
Starting at 12:00pm (eastern time) on Thursday May 31st, we will close the office and suspend our phone and e-mail service as we physically move to our new space. Our website should be unaffected. We will be available to speak and respond to e-mails on Monday, June 4.
Our new address is:
Spencer Educational Foundation
1407 Broadway, 29th Fl.
New York, NY 10018
Board names new chairwoman and elects new officers, board members
The Spencer Educational Foundation announced that its board has elected new officers as well as new board members. C. Zakia Phillips, formerly of Willis Towers Watson, was elected Chairwoman for 2018-19 and five new board members were named: Dr. Cassandra Cole (Florida State University), Andrea Dudek (Accenture), Stephen Grabek (AIG), Dr. Weili Lu (California State University – Fullerton), and Debbie Michel (Liberty Mutual).
Serving with Phillips on the Foundation’s Executive Committee will be Marya J. Propis (formerly of AIG) -- president, Robin Joines (Sedgwick) – vice president, Matthew Schneider (Aon) – secretary, and Peter Heard (Travelers) – treasurer.
“I look forward to working with the board as we continue,” said Phillips. “I would be remiss if I did not thank and acknowledge the great contributions made by our outgoing chair Ron Davis and acknowledge the hard work and dedication of departing board members Peggy Accordino, Roger Andrews and Debbie Rodgers.”
Phillips worked at Willis Towers Watson for ten years, most recently as the East Region Director for Corporate Risk and Broking, Large Accounts. She provided her colleagues and their clients with thought leadership, strategy, coordinated relationship management and other assistance for those large, complex corporate accounts. Her broking experience also includes work at Aon. Prior to being a broker, she was an Executive Director in the Risk and Insurance Management Department of Morgan Stanley, where she worked for 23 years. Phillips graduated with honors from the State University of New York, she is a licensed New York insurance Broker and has her ARM certification. She has been actively involved in RIMS where she served on the board of the New York Chapter for a number of years and is a Past President. She has served on the Foundation’s board since 2013.
New scholarship looks to the convergence of insurance and technology
The Spencer Educational Foundation announced that one of its alumna, Elizabeth Lisle, has made a donation to create a named scholarship. The new scholarship will be given in Mrs. Lisle's name to a student who is studying risk management and insurance as well as technology. This is the first scholarship funded by a past recipient.
"This scholarship will recognize those students who see how insurance and technology/MIS are converging," said Mrs. Lisle, a three-time Spencer scholarship recipient. "It is a joy to be able to return a small measure of all that Spencer has done for me since my very first interview in 1995. The encouragement and support of Spencer and RIMS leadership over the last two decades have been an incredible gift."
"We are delighted that Elizabeth is funding this scholarship and paying it forward," said Ron Davis, Chairman of the Spencer Educational Foundation and EVP, Head of Customer Management for Zurich. "Technology is playing an increasingly important role in the industry and this scholarship will recognize up-and-coming talent that will help drive future innovation."
Mrs. Lisle received Spencer's scholarships in 1995, 1996 and 1997 while studying at Georgia State University. She is the Principal of Silvient, Inc., a risk technology consulting company. She is a member of the Foundation's Alumni Committee and has previously served on the Scholarship Committee.
The first Elizabeth Meldrum Lisle Spencer Scholarship will be awarded in 2019. Students receiving this scholarship will need to meet the academic criteria set by the Foundation's Scholarship Committee. In addition, they need to be pursuing a major, minor, or certificate in MIS, technology, computer science or similar discipline.
The Spencer Educational Foundation named 70 full-time undergraduate, graduate and Pre-dissertation Ph.D. students as its 2018 Spencer Scholars. The students, selected and screened from a record pool of more than 730 applicants, represent 28 schools. These awards bring the number of scholarships awarded by the Foundation to 1,051. The Foundation awarded 62 undergraduate scholarships ($5,000 each), five master’s scholarships ($10,000 each) and three pre-Ph.D. dissertation scholarships ($10,000 each). A total of $390,000 was given out.
“These scholarship recipients represent the future of our industry and, based on their collective credentials, our industry will be in very good hands,” said Tim Meacham, Spencer’s Scholarship Committee Chairman COO of Lockton Benefits Companies. “Since our inception, we have awarded more than one thousand scholarships. These students have been and continue to be among the best and brightest students entering the workplace and we thank our donors for their generosity which allows us to continue our mission by providing them with these scholarships.”
The Foundation’s scholarships are merit-based and take into consideration academics, leadership, industry interest and experience. Each application was reviewed by every committee member.
In addition to 33 general undergraduate scholarships, the Foundation awarded 29 named undergraduate scholarships. All those scholarships are for $5,000. The named scholarships have been sponsored by: Allied World, Arthur J. Gallagher & Co., Chubb, FM Global, Liberty Mutual, Lockton Companies, RIMS Atlanta Chapter, RIMS Chicago Chapter, RIMS Dallas/Ft. Worth Chapter, RIMS New Jersey Chapter, RIMS New York Chapter, RIMS, Sedgwick, St. John’s University, XL Catlin, and Zurich.
While announced last year, this is the first year that the Steven Penman Memorial Scholarship sponsored by Sedgwick is being awarded. It was given to Varun Sivakumar, a junior at Temple University double majoring in Risk Management and Insurance and Finance.
The Foundation also awards risk managers pursuing part-time master’s degrees up to $10,000 scholarships. The deadline for these scholarship applications is May 1. Learn more about the Part-time Master’s Scholarship