Spencer Educational Foundation Update
Funding the education of tomorrow's risk management & insurance leadersNovember 2012 
Spencer anticipates awarding more scholarships, internship grants in 2013
2013 applications available on spencered.org
Applications are now being accepted for 2013 Spencer Scholarships and Student Internship Program Grants and the Foundation anticipates recognizing more students and providing more opportunities for them to gain experience.
"Thanks to the generosity of our donors, we look forward to awarding more scholarships and internships in 2013 than we did this year," said Peggy Accordino, chairwoman of the Spencer Educational Foundation. "We will continue to recognize the best and brightest in the industry as well as fund opportunities that will promote the study of risk management and insurance."


Student scholarships

In addition to general scholarships offered by the Foundation, there are 30 named scholarships. Students only need to complete the general application to be considered for all scholarships. Scholarship recipients will be announced in Spring 2013.

The deadline for full-time undergraduate and graduate student scholarships is January 31.


Student Internship Grants
Spencer Summer Internship Grant Testimonial
Listen and watch Chuck Magazine, risk manager for Boynton Beach, FL, talk about the Summer Internship Grant program
Looking to hire a summer intern? Spencer could help your company finance it. The Foundation offers grants (up to $3,000) to RIMS-member companies to hire risk management interns. In 2012, more than 25 grants were awarded. Grant recipients will be announced in Spring 2013.


Because of the popularity of the program, it is highly recommended that Student Internship Grant applications be submitted by January 31.
Students benefit from summer experiences 


"I entered this internship thinking it was going to be just what my classmates told me an internship was, sitting at a desk and doing busy work while every once and a while learning concepts that can help me in the future, but I was definitely wrong," said Madison Franetic a senior at Florida State University majoring in risk management and insurance and human resource management.


This past summer Madison worked with Chuck Magazine, the risk manager for the City of Boynton Beach, FL.  "He made sure I gained as much experience as possible while I was interning."


She said that she not only went out on inspections and saw how safety plays a role in controlling loss prevention. Madison also met with brokers and shadowed one of their account managers for the day


"I was able to leave my internship feeling like I truly learned an immense amount about the insurance industry that I was unaware of before."


Greater understanding


Like Madison, Abigail Tschanz, a risk management major at the University  of Minnesota, gained significant education from her internship at the Toro Company, working with risk manager Dawn Soleta, where she worked analyzed monthly loss runs, reviewed policy renewals and documentation, and created a workers' compensation return to work handbook. In addition, working with Toro's Treasury department, Abigail helped create a contingency plan to deal with and help mitigate the Euro crisis.


Toro Risk Management Team

Toro's risk management team  (left to right): Tom Larson - VP, Treasurer; Kathy Runkel - Risk Coordinator; Dawn Soleta - SR Risk Analyst; Abby Tschanz - Intern; Dave Hennes - Director, Risk Management

 She said the internship was "full of many great learning opportunities; I feel that I have a much better applied knowledge and a greater confidence in my understanding of the risk management field as a result of the Toro internship... I look forward to continuing my education outside the classroom; my supervisor has encouraged me to participate in the local RIMS chapter and I plan to participate as a student member this year."


Getting experience

Two Southern Methodist University risk management students had the opportunity to participate in a unique internship with Southern Methodist University (SMU) in partnership with Arthur J. Gallagher and the Cox School of Business. 

SMU Summer Interns
SMU Summer interns Hillary Stapp and Crosby Cordell participated in an internship at SMU which covered 27 areas


Anita Ingram, associate vice president and chief risk officer for Southern Methodist University, said the interns "participated in a program designed to give them a structured experience as a risk professional in a multi-billion dollar asset organization and leading brokerage firm. Based on the University Risk Management and Insurance Association (URMIA) and the Risk and Insurance Management Association (RIMS) professional growth models, with general support from the Spencer Educational Foundation, this program identifies 27 areas where the student intern will have the opportunity to gain real world experience."

Register today for the Spencer/
Gallagher Golf Tournament 


The 22nd annual Spencer/Gallagher Golf Tournament will be held on Sunday, April 5, 2013, at the picturesque Robinson Ranch in Santa Clara, CA.

Per person price: $290 on or before Feb. 8; $315 after Feb. 8

For more information and to register please click here. (Note: 2013 event information will be available around November 20)


Sponsorships are available. Please contact lauren_cavanaugh@ajg.com for more information.

Quick Links

In This Issue
2013 Applications Available
Summer Internships
2013 Spencer/Gallagher Golf Tournament

We want to be among the first to wish you a Happy Thanksgiving.

As we begin this season of giving thanks, we would like to thank you  for your past support. This month's newsletter highlights some of the programs available to students and professionals. which would not be possible without your generous support.

So, that we can continue to provide  these valuable scholarships and programs, and in the spirit of the season, we would ask that you please make a tax-deductible donation to the Spencer Educational Foundation

We appreciate your support.

Thank you,

Andrew Miller
Director of Development



Featured Donor


Liberty Mutual    
Liberty Mutual Insurance has been a strong and consistent supporter of the Foundation through board/committee involvement and financial contributions.
Thank you.



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RIMS Chapter Recognition

The Foundation is affiliated with the Risk and Insurance Management Society and we would like to thank the following RIMS chapters that have already supported the Foundation in 2012:


Broward County (Florida)
Connecticut Valley
Delaware Valley
Golden Gate
Greater Kansas City
Greater Quad Cities
Long Island
New Jersey
New York
Northeast Florida
Northeast Ohio
Ozarks Area
Palm Beach
St. Louis
South Texas
South Louisiana
Upstate New York
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We look forward to visiting the Fairfield/Westchester RIMS Chapter on November 29.