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.

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