It was quite an honor sitting next to Charlotte Spencer last night–the widow of Robert Spencer, the pioneer in risk management for whom the Spencer Educational Foundation is named–during an elegant dinner at the Waldorf to celebrate the scholarship fund’s 30th anniversary. I was blown away by the parade of those working in the industry who stopped by our table to pay homage to her husband and tell Mrs. Spencer how educational grants from the fund had changed their lives.

When people are struggling to pay for an education that can make or break their careers, every dime helps, and over the past three decades, the Spencer Foundation has assisted 454 students afford undergraduate, graduate or continuing education expenses. Many have gone on to work for insurance companies or brokerages, or in the risk management community.

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