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