Spencer Educational Foundation Inc., a Risk and Insurance Management Society Inc. (RIMS) affiliate, has created a $100,000 college scholarship fund for Georgia students of insurance and risk management.

The “RIMS Atlanta Chapter Scholarship” is being made possible by a donation by RIMS Atlanta Chapter.

RIMS said that money received from the Atlanta Chapter will be awarded as undergraduate scholarships in the amount of $5,000 to Georgia residents pursuing an undergraduate degree in risk management or insurance. Spencer will award the first RIMS Atlanta Chapter Scholarship in 2007.

The RIMS Atlanta Chapter Scholarship, a merit-based scholarship, will be granted annually to those meeting all of Spencer's academic requirements.

RIMS Atlanta Chapter has been a supporter of the Spencer Educational Foundation for 26 years, donating from proceeds of its annual educational conference and golf tournaments.

Since 1980, RIMS said, Spencer has awarded more than $2.6 million in scholarships and $1.4 million in grants to risk management students and universities.

In 2006, the foundation awarded $375,000 in scholarships and $145,000 in grants. Contributions to the foundation, RIMS said, are tax deductible.

Information about the Spencer Educational Foundation is available at www.spencered.org, or by sending an e-mail to asabatino@RIMS.org, or calling 212-655-6223.

Special Reports /

Spencer Foundation Creates RM Scholarship

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