Spencer Educational Foundation has contracted P. Richard Hackenburg to serve as its director of development to raise funds for scholarships and grant programs that support aspiring students of risk management and insurance.

Mr. Hackenburg has served as a board member of Spencer Educational Foundation for more than 20 years, as well as chairman from 2001-2004.

"Spencer Educational Foundation has received tremendous support from all facets of our industry over the years. At the same time, the needs of students and educational institutions have grown and the cost of education has increased," said Donna L. Galer, chairwoman of Spencer Educational Foundation Inc.

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