EIN 58-1420617

Spencer Educational Foundation

IRS 501(c) type
Num. employees
New York
Year formed
Most recent tax filings
Spencer Ed Foundation funds the education of risk management and insurance industry leaders through scholarships, grants, course development, and internships.
Total revenues
Total expenses
Total assets
Num. employees

Program areas at Spencer Educational Foundation

Scholarships - risk management and insurance students are at the heart of everything Spencer does. Spencer awards undergraduate, graduate, and ph.d. Scholarships to students studying at institutions in the united states and canada, as well as part-time graduate scholarships to risk and insurance professionals continuing their education.
Internships - through our internship grant program, Spencer aims to support tomorrow's risk management and insurance leaders through experiential learning opportunities. Spencer provides internship grants of up to $7,500 to risk managers to hire interns in the risk management function of their organizations. Employers apply for the grants from Spencer, and students then apply directly with the companies for the internship opportunities.
General grants - Spencer's grants program supports initiatives that align with the Foundation's mission to fund the education of tomorrow's risk management and insurance leaders. Spencer considers grant proposals that fall in the following two critical branches: 1. Provide experiential learning opportunities for risk management and insurance students, and 2. Attract new talent to the industry.
Course development - Spencer's course development grant program supports introductory risk management and insurance course development - for universities that have not previously offered any such instruction - as well as proposals for additional course curriculum development and program development - for universities looking to develop a rmi program and/or expand existing rmi course offerings, with an emphasis on new and emerging areas in the industry. Risk manager on campus grants - for 23 years, Spencer's risk manager on campus (rmoc) program has been praised by both universities and risk managers as a rewarding Educational experience for students and a chance to give back to the profession. The program brings a practicing risk manager to the university to present and engage with students about the risk management profession and insurance industry.

Grants made by Spencer Educational Foundation

GranteeGrant descriptionAmount
St Joseph's University (SJU)General Grant$75,000
Temple University (TU)General Grant$75,000
Gamma Iota SigmaGeneral Grant$50,000
...and 14 more grants made

Who funds Spencer Educational Foundation

Grants from foundations and other nonprofits
FM Global FoundationContribution Provided$160,000
Risk and Insurance Management Society (RIMS)Grant and Sponsorship$30,000
Vanguard Charitable Endowment ProgramFor Recipient's Exempt Purpose$26,500
...and 6 more grants received

Personnel at Spencer Educational Foundation

Kathy GledhillVice President Finance and Acc.$0
Megan MillerExecutive Director$255,909
Gina M BoyleFinance and Operations Director$20,000
Johnell HollyVice President$0
Robin RoederChairperson$0
...and 13 more key personnel

Financials for Spencer Educational Foundation

RevenuesFYE 12/2022
Total grants, contributions, etc.$2,529,929
Program services$0
Investment income and dividends$154,743
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$18,761
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$8,579
Total revenues$2,712,012

Form 990s for Spencer Educational Foundation

Fiscal year endingDate received by IRSFormPDF link
2022-122023-07-27990View PDF
2021-122022-10-03990View PDF
2020-122021-10-29990View PDF
2019-122021-03-02990View PDF
2018-122020-01-29990View PDF
...and 8 more Form 990s
Data update history
August 26, 2023
Posted financials
Added Form 990 for fiscal year 2022
August 24, 2023
Updated personnel
Identified 6 new personnel
August 10, 2023
Posted financials
Added Form 990 for fiscal year 2021
June 26, 2023
Received grants
Identified 4 new grant, including a grant for $100,000 from FM Global Foundation
June 19, 2023
Updated personnel
Identified 6 new personnel
Nonprofit Types
Grantmaking organizationsSchoolsCharities
Provides grantsFundraising eventsOperates internationallyEndowed supportProvides scholarshipsGala fundraisersFundraising races, competitions, and tournamentsTax deductible donationsNo full-time employees
General information
PO Box 23613
New York, NY 10087
Website URL
(212) 655-6208
IRS details
Fiscal year end
Taxreturn type
Form 990
Year formed
Eligible to receive tax-deductible contributions (Pub 78)
NTEE code, primary
B82: Scholarships, Student Financial Aid Services
NAICS code, primary
813211: Grantmaking Foundations
Parent/child status
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