Spencer opens applications for 2019 scholarships and grants

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


“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.


“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.