Grantmaking public charity · EIN 58-1420617
Spencer Educational Foundation Inc
New York, NY
Spencer Educational Foundation Inc is a public charity that makes grants based in New York, NY. On its Form 990 (Schedule I) for tax year 2025, it reported $2.82M in grants paid across 223 grants, with $9.88M in total assets. Its largest grants went to St Joseph's University, Dominican University and Temple University.
How to request funding
Its Form 990 lists the grants it made but not how it chooses recipients. Check Spencer Educational Foundation Inc's website or contact it to ask whether it considers requests.
How it makes and monitors grants (Schedule I, Part IV)
The foundation distributes funds through eight programs: scholarships, internship grants, risk manager on campus grants, course development, risk management challenge, general grants, icon university program and spencer success stipends. each program has a unique application, which is reviewed and evaluated by a committee. the criteria for each program can be found on the foundation's website (www.spencered.org). for scholarships: the award check is made out jointly to the recipient and the university. the funds are to be applied by the university's bursar first to tuition, books, and risk management/insurance curriculum-related expenses; second, the funds are to be applied to room and board expenses. for internship grants: the award check is made out to the applicant's organization. applicants are required to share who they hired (resume and transcript) and they need to complete a final report. for risk manager on campus grant: the award check is made out to the applying university. the applicant is required to complete a final report (including final budget) and reimburse the risk manager for expenses. for general grants: the award check is made out to the applicant's organization. applicants are required to complete a final report (including final budget).
Grants as reported on its Form 990 for tax year 2025; the application guidance above is general for this type of funder. Requirements change; confirm with the organization before applying.
Mission
To facilitate the funding of tomorrow's risk management and insurance leaders through scholarships, grants, internship opportunities, on and off campus experiential learning, and support of risk management curricula.
As stated on its Form 990.
Largest grants, tax year 2025
Historical data · not a prediction| Recipient | Location | Purpose | Amount |
|---|---|---|---|
| St Joseph's University | Philadelphia, PA | General Grantrmoc Grantrm Challenge | $82,500 |
| Dominican University | Orangeburg, NY | General Grantrmoc Grantcourse Develoment | $64,000 |
| Temple University | Philadelphia, PA | General Grantrmoc Grant | $50,000 |
| University of South Florida | Tallahhassee, FL | General Grant | $49,700 |
| National African American Insurance Association (naaia) | Washington, DC | General Grant | $46,343 |
| Risk & Insurance Education Alliance (the Alliance) | Santa Cruz, CA | General Grant | $45,000 |
| Depauw University | Greencastle, IN | General Grantrmoc Grantrm Challenge | $44,926 |
| University of Illinois Chicago | Chicago, IL | Course Development | $40,000 |
| Morgan State University | Baltimore, MD | General Grantrmoc Grant | $38,500 |
| University of North Texas | Denton, TX | General Grantrmoc Grant | $37,869 |
| Fisk University | Nashville, TN | Course Developmentgeneral Grantrmoc Grant | $35,150 |
| Florida State University | Tallahhassee, FL | General Grant | $35,000 |
| Fayetteville State University | Fayetteville, NC | General Grant | $30,000 |
| Virginia Commonwealth University School of Business Foundation | Richmond, VA | General Grantrmoc Grant | $30,000 |
| The University of Akron | Akron, OH | General Grantrmoc Grant | $29,370 |
| Appalachian State University Foundation Inc | Boone, NC | General Grantrmoc Grant | $29,250 |
| Virginia Commonwealth University | Richmond, VA | General Grantrmoc Grant | $28,750 |
| Portland State University | Portland, OR | Course Developmentrmoc Grant | $28,750 |
| University of Houston - Downtown | Houston, TX | General Grantrmoc Grant | $27,690 |
| Bowling Green State University | Bowling Green, OH | General Grant Rmoc Grant | $25,829 |
| University of Colorado Denver | Aurora, CO | General Grantrmoc Grant | $25,000 |
| Eastern Kentucky University | Richmond, KY | General Grant | $25,000 |
| Insurance Knowledge Evolution | Ashton, MD | Course Devlopment | $25,000 |
| The Actuarial Foundation | Schaumburg, IL | General Grant | $25,000 |
| California State University-Fullerton | Fullerton, CA | General Grantrmoc Grant | $25,000 |
The 25 largest of 223 grants listed on the return. 101 grants to individuals ($835K) are counted but not named. Names and purposes as reported to the IRS.
Where its grants went
Quick answers
Does Spencer Educational Foundation Inc accept grant applications?
Its Form 990 lists the grants it made but not how it chooses recipients. Check Spencer Educational Foundation Inc's website or contact it to ask whether it considers requests. Form 990 does not report an application process, so confirm with the organization.
How much does Spencer Educational Foundation Inc give each year?
For tax year 2025, it reported $2,820,145 in grants paid (223 grants). Giving can change from year to year.
What organizations has Spencer Educational Foundation Inc funded?
Its largest grants in tax year 2025 went to St Joseph's University (PA), $82.5K, Dominican University (NY), $64K, Temple University (PA), $50K, University of South Florida (FL), $49.7K and National African American Insurance Association (naaia) (DC), $46.3K.