About Spencer Educational Foundation
To fund the education and development of future leaders in risk management, insurance, actuarial science and related fields through scholarships, grants, internships and curriculum development.
Focus Areas
Risk Management educationInsurance educationActuarial science educationInternships and workforce developmentCurriculum and course developmentStudent competitions and experiential learning
Who They Fund
students/learnersinterns/early-career professionalseducational institutions or instructors (course developers)relocating staff or grantees
Funding Style
About Spencer Educational Foundation
Spencer Educational Foundation Inc. centers its giving on building the pipeline into risk management, insurance, actuarial science, and related fields. The clearest sign of that focus is its mix of scholarships, course development support, internships, and campus-based programming, all aimed at students and early-career professionals. In the recent grants list, Temple University received $75,000 in 2024 for scholarship support, while St Joseph's University received $75,000 in 2024 for a general grant. Other large awards show the same pattern of education-first funding, including course development support for Bowie State University, Brenau University, and Faulkner University. The foundation also backs programs that connect students with practitioners. Its active grant programs include undergraduate, master’s, Ph.D., and pre-instructor of practice scholarships, internship support, and Risk Manager on Campus grants for university visits by practicing risk managers. That combination points to a funder that supports both formal academic pathways and applied professional exposure. With annual grants of $2,330,649 and assets of $10,061,035, it operates at a meaningful scale for a specialized education funder. Recent awards are mostly in the $7,500 to $11,000 range, with larger grants used for university partnerships and course-building efforts.
What Spencer Educational Foundation Funds
Course development is a major theme. Spencer Educational Foundation Inc. gave $50,000 in 2025 to Bowie State University for course development, and $33,646 in 2025 to The University of Georgia for course development. It also supported curriculum-building at Brooklyn College with a $30,000 grant in 2025 and at State University of New York at Brockport with $22,500 in 2025. Internship and workforce preparation is another clear area. Appalachian State University Foundation Inc. received $25,000 in 2024 for an internship grant, while the University of North Texas received $20,000 in 2024 for internship support. The foundation’s program menu also includes internship grants for employers and intern success grants for student expenses tied to internships. It also funds student competitions and campus engagement. California State University-fullerton received a $40,000 award in 2025 that combined general grant, course development, and RMOC grant purposes, and Virginia Commonwealth University received a $34,725 award in 2025 with general grant and RMOC grant purposes.
Financial Snapshot
Annual Giving
$955K
Total Assets
$10.1M
Total Revenue
$3.6M
Total Expenses
$3.1M
Typical Grant Size
Most grants fall between $8K and $11K, with a median of $8K.
25th Percentile
$8K
Median
$8K
75th Percentile
$11K
Geographic Reach
National33 states funded
About 11% of grants go to recipients in TX.
Funding intensity
LowHigh
Headquarters
Leadership
MEGAN MILLER
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