Spencer Educational Foundation Inc
Spencer Educational Foundation Inc is a public charity based in New York, NY. Founded in 1979, it supports education and career development for future risk management and insurance leaders through scholarships, grants, internships, experiential learning, and curriculum development.
Spencer Educational Foundation Inc at a glance
In short: Spencer Educational Foundation Inc gave $2.0M across 122 grants in 2025 (avg $16K), top state New York. 49% of 2025 grantees were new. Source: 2025 IRS Form 990.
- Annual giving (2025)
- $1,965,788
- +105.8% vs 2024
- Grants made (2025)
- 122
- +71.8% vs 2024
- Average grant
- $16,113
- +19.7% vs 2024
- Median grant
- $10,000
- Total assets
- $9,880,646
- -1.8% vs 2024
- New grantees (estimate)
- 49% first-time grantees (59 of 120, 2025)
- Primary geography
- New York (12% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990, 2025 View filing
Data from IRS Form 990, 2025; updated September 2026. New grantees are estimated by matching recipient names across years (methodology).
How to apply to Spencer Educational Foundation Inc
- How to Apply
-
The foundation describes separate applications for its programs. General Grant proposals must meet one or both of the stated program branches and the organization eligibility criteria. Course Development applicants must be U.S. or Canadian colleges or universities.
- Contact
Mailing address: PO Box 23613, New York, NY 10087-3613
Phone: (212) 655-6208
Website: https://spencered.org
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who Spencer Educational Foundation Inc funds
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2025
The largest 2025 recipient was St Joseph's University ($83K). Together the top 10 received $499K.
Organizations only. It also paid 3 grants to individuals ($37,175), which are not listed by name.
Grant Size Distribution
342 grants across all recorded years
The most common grant size was under $50K: 327 grants of 342 (96%).
Geographic Focus
Where this funder awards grants
The foundation’s website describes programs serving the United States and Canada. General Grant eligibility is limited to universities, colleges, and eligible tax-exempt organizations based in the United States or Canada. In 2025, the largest shares of itemized grant dollars by recipient state went to New York (12%), Texas (10%), Pennsylvania (8%), Florida (7%), and North Carolina (6%).
Grant Distribution by State
Share of 2025 grant dollars across all 122 itemized grants.
States
Cities
Is Spencer Educational Foundation Inc open to new grantees?
49%
first-time grantees, 2025
In 2025, 59 of 120 grantees (49%) were first-time recipients. First grants averaged $15K; repeat grants $18K. How we count
Medians: $10K first-time, $12K repeat.
Estimate from itemized grant lists in IRS Form 990 filings (2020–2025). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2025, annual grant giving ranged from $605K (2022) to $2.0M (2025). In 2025 it made 122 grants totaling $2.0M.
Grants by year
Grant recipients and amounts by year
| Recipient | 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 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Net Investment Income |
|---|---|---|---|---|---|---|
| 2025 | $9,880,646 | $4,256,856 | $4,715,343 | $1,965,788 | 122 | $539,121 |
| 2024 | $10,061,035 | $3,555,059 | $3,083,558 | $955,371 | 71 | $469,737 |
| 2023 | $9,493,138 | $2,484,287 | $2,733,177 | $770,580 | 58 | $296,985 |
| 2022 | $9,082,783 | $2,712,012 | $2,306,449 | $604,698 | 43 | $173,504 |
| 2021 | $9,643,341 | $2,416,660 | $1,904,653 | $668,097 | 48 | $732,060 |
| 2020 | $9,186,050 | $2,098,749 | $2,119,982 | $681,177 | 36 | $269,098 |
Research compiled by Grantable AI from public sources. Last updated September 2026.
Mission & Focus Areas
The foundation states its mission is to fund tomorrow’s risk management and insurance leaders through scholarships, grants, internship opportunities, on- and off-campus experiential learning, and support for risk management curricula.
Its programs include scholarships for students and professionals studying risk management, insurance, actuarial science, and related fields; grants for experiential learning and talent recruitment; course development grants for risk management and insurance courses and programs; and internship grants to employers hiring interns in risk management functions. The foundation also describes programs for Risk Manager on Campus, the Student Risk Management Challenge, and other initiatives.
For General Grants, the foundation considers proposals from educational organizations and eligible tax-exempt organizations under sections 501(c)(3) and 501(c)(6). Requests must provide experiential learning for risk management and insurance students, attract new talent to the industry, or both. The foundation says eligible tax-exempt organizations should demonstrate risk management and insurance content expertise, connection to college or university offerings, and career pathing.
Its 2025 filing describes 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 its own application, reviewed by a committee.
The grantees’ own descriptions reflect a range of supported organization types. DePauw University describes its focus as developing leaders through liberal arts, rigorous intellectual engagement, and global and experiential learning. Fisk University says its curriculum is grounded in the liberal arts and emphasizes research in areas including business and the humanities. The Actuarial Foundation describes its work as creating math education initiatives for students, teachers, and families.
Grantmaking
The 2025 filing lists 122 itemized grants totaling $1,965,788. Individual grants ranged from $5,000 to $82,500, with a median of $10,000. Separately, the filing reports that the foundation awarded 90 General Grants, 17 Course Development Grants, 70 Risk Manager on Campus grants, 33 internship grants, and 105 scholarships during 2025.
Among the largest itemized 2025 grants were $82,500 to St. Joseph’s University for a purpose listed as “GENERAL GRANTRMOC GRANTRM CHALLENGE”; $64,000 to Dominican University for “GENERAL GRANTRMOC GRANTCOURSE DEVELOMENT”; $50,000 to Temple University for “GENERAL GRANTRMOC GRANT”; and $49,700 to the University of South Florida for “GENERAL GRANT.” Other listed grants included $46,343 to the National African American Insurance Association, $45,000 to the Risk & Insurance Education Alliance, and $44,926 to DePauw University.
For General Grants, the website says proposals are considered from eligible U.S. and Canadian organizations. Its stated 2026 application period opened May 1 and had a July 30 deadline; that cycle has passed. General Grant awardees are typically notified at the end of October.
Course Development Grants support introductory course creation and additional curriculum or program development at U.S. and Canadian colleges and universities. If awarded, institutions agree to share applicable syllabi and course materials with the foundation and external partners, who may share them with other institutions. The 2026 application deadlines were February 13, June 15, and October 1; the first two have passed, and the October 1 deadline is upcoming. Notifications for that interval are expected in late November.
Leadership & Key People
Leadership team and compensation from IRS filings
The 2025 filing lists these directors: Stephen Acunto Jr, Joseph Cellura, Lyndsey Christofer, Dr Cassandra Cole, John Diaz, Andrea M Dudek, Duncan Ellis, Elizabeth Geary, Julie Gibson, and Amy Gross. The filing notes that Christofer joined January 1, 2025; Diaz joined May 1, 2025; Geary retired June 18, 2025; and Gross joined September 1, 2025.
Spencer Educational Foundation Inc is led by Megan E Miller, CEO since 2025 (on filings since 2020); 3 of 33 officers listed in 2025 are compensated.
Officers on the 2025 filing
Megan E Miller
CEO
Executive Director → CEO, 2025
On filings since 2020
40 hrs/week
$243K (2021) → $387K (2025)
Jeffrey M. Cohen
President
Secretary → Vice President, 2023
Vice President → President, 2024
On filings since 2020
3 hrs/week
No compensation reported
Johnell Holly
Chair
Vice President → President, 2023
President → Chair, 2024
On filings since 2020
5 hrs/week
No compensation reported
Tandeka Nomvete
External Engagement Director
On filings since 2023
40 hrs/week
$135K (2023) → $104K (2025)
Andrea M. Dudek
Director
On filings since 2020
1 hr/week
No compensation reported
Cassandra Cole
Director
On filings since 2020
1 hr/week
No compensation reported
Duncan Ellis
Director
On filings since 2020
1 hr/week
No compensation reported
Joseph Cellura
Director
On filings since 2020
1 hr/week
No compensation reported
Joseph V. Larocco Jr.
Director
On filings since 2020
1 hr/week
No compensation reported
Michele J. Sansone
Director
On filings since 2020
1 hr/week
No compensation reported
Robin S Roeder
Director
President → Chairperson, 2021
Chairperson → Director, 2023
On filings since 2020
1 hr/week
No compensation reported
Stephen Acunto Jr.
Director
On filings since 2020
1 hr/week
No compensation reported
Weili Lu
Director
On filings since 2020
1 hr/week
No compensation reported
Ben Sloop
Director
On filings since 2022
1 hr/week
No compensation reported
Julie Gibson
Director
On filings since 2022
1 hr/week
No compensation reported
Linton B. Puckett
Director
On filings since 2022
1 hr/week
No compensation reported
Sue Srinivasan
Director
On filings since 2022
1 hr/week
No compensation reported
Elizabeth Ricciardelli
Director
On filings since 2023
1 hr/week
No compensation reported
Alban Laloum
Director
New on the 2025 filing
1 hr/week
No compensation reported
Amy Gross
Director
New on the 2025 filing
1 hr/week
No compensation reported
Cristina Vigilante
Director
New on the 2025 filing
1 hr/week
No compensation reported
Elizabeth Geary
Director
New on the 2025 filing
1 hr/week
No compensation reported
Jarrod Schlesinger
Director
New on the 2025 filing
1 hr/week
No compensation reported
John Diaz
Director
New on the 2025 filing
1 hr/week
No compensation reported
Kristyn Smallcombe
Director
New on the 2025 filing
1 hr/week
No compensation reported
Lyndsey Christofer
Director
New on the 2025 filing
1 hr/week
No compensation reported
Manuel Padilla
Director
New on the 2025 filing
1 hr/week
No compensation reported
Michelle McLane
Director
New on the 2025 filing
1 hr/week
No compensation reported
Stephen Hackenburg
Director
New on the 2025 filing
1 hr/week
No compensation reported
Kenneth Goldstein
University Partnerships Di
University Partnerships Director → University Partnerships Di, 2024
On filings since 2023
40 hrs/week
$131K (2023) → $170K (2025)
Bob Thomas
Vice President
Director → Secretary, 2023
Secretary → Vice President, 2024
On filings since 2021
3 hrs/week
No compensation reported
Michael Vanacker
Treasurer
Director → Treasurer, 2024
On filings since 2023
3 hrs/week
No compensation reported
Jacquelyn Bolig
Secretary
New on the 2025 filing
3 hrs/week
No compensation reported
Former officers (26)
- Former: Lori Seidenberg (2020–2024) — Director · Filing note: Retired 11/2024
- Former: Matthew Schneider (2020–2024) — Director · Filing note: Retired 121124
- Former: Ron Davis (2020–2024) — Director · Filing note: Retired 112024
- Former: Teresa M. Black (2020–2024) — Director · Filing note: Retired 121124
- Former: Gina M. Boyle (2022–2024) — Finance & Operations Director
- Former: Jackie Bolig (2023–2024) — Secretary
- Former: Alban Laloum Joined (2024) — Director
- Former: B. Puckett Gallagher (2024) — Director
- Former: Christopher J. Lang Ret (2024) — Director
- Former: Kristen Bessette Ret (2024) — Director
- Former: Michelle McLane Joined (2024) — Director
- Former: Christopher J. Lang (2020–2023) — Director
- Former: Kristen M. Bessette (2020–2023) — Treasurer
- Former: Marya J Propis (2020–2023) — Director
- Former: David Arick (2023) — Director
- Former: Peter A Heard (2020–2022) — Treasurer
- Former: Timothy Meacham (2020–2022) — Director · Filing note: Term ended 52022
- Former: Butler Bourgeois (2021–2022) — Director · Filing note: Term ended 12022
- Former: Kathy Gledhill (2021–2022) — Vice President Finance & Acc. · Filing note: Term ended 102022
- Former: Mayra J. Propis (2021–2022) — Immediate Past Chair
- Former: Jennifer Santiago (2022) — Director
- Former: Debbie Michel (2020–2021) — Director · Filing note: Term ended 42021
- Former: Theana L. Iordanou (2020–2021) — Director · Filing note: Term ended 102021
- Former: Patrick Sterling (2021) — Director
- Former: Ellen Dunkin (2020) — Director · Filing note: From 120
- Former: Katherine Gledhill (2020) — Vice President Finance & Acc.
Data from IRS Form 990 filings, 2020–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2025 IRS filing
The highest reported compensation on the 2025 filing was $387K, to Megan Miller (CEO). 3 officers or directors reported compensation on that filing.
Frequently asked questions about Spencer Educational Foundation Inc
How much does Spencer Educational Foundation Inc give each year?
Spencer Educational Foundation Inc gave $2.0M across 122 grants in 2025, according to its 2025 IRS Form 990. In 2024 it gave $955K across 71 grants.
What is Spencer Educational Foundation Inc's typical grant size?
Spencer Educational Foundation Inc's median grant in 2025 was $10,000, and its average grant was $16,113, across 122 grants on its 2025 IRS Form 990. Organizations receiving their first grant from Spencer Educational Foundation Inc that year got $15K on average.
Where does Spencer Educational Foundation Inc give grants?
Spencer Educational Foundation Inc's top state is New York, with 12% of the grant dollars itemized on its 2025 IRS Form 990. The next largest states were Texas (10%) and Pennsylvania (8%). The most frequent recipient cities were Houston, TX (4 grants), Portland, OR (4 grants), Philadelphia, PA (3 grants) and Richmond, VA (3 grants).
Does Spencer Educational Foundation Inc give general operating support?
Yes: 48% of Spencer Educational Foundation Inc's 2025 grants with a stated purpose (58 of 122) were for general or operating support, per its 2025 IRS Form 990. Recurring purposes include "Internship" (31 grants), "Rmoc Grant" (18 grants) and "Course Development" (8 grants).
Who are Spencer Educational Foundation Inc's largest grantees?
Spencer Educational Foundation Inc's largest 2025 grantees include St Joseph's University ($82,500), Dominican University ($64,000) and Temple University ($50,000), according to its 2025 IRS Form 990. It also paid 3 grants to individuals ($37,175), which are not listed by name. Together they received 10% of its itemized 2025 grant dollars.
How large is Spencer Educational Foundation Inc?
Spencer Educational Foundation Inc reported $9.9M in total assets on its 2025 IRS Form 990. Its revenue that year was $4.3M.
What does Spencer Educational Foundation Inc fund?
The foundation states its mission is to fund tomorrow’s risk management and insurance leaders through scholarships, grants, internship opportunities, on- and off-campus experiential learning, and support for risk management curricula. See mission & focus areas ↑
How do I apply for a grant from Spencer Educational Foundation Inc?
The foundation describes separate applications for its programs. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
What is Spencer Educational Foundation Inc's EIN?
Spencer Educational Foundation Inc's EIN (Employer Identification Number) is 58-1420617. IRS Form 990 filing data is available on this page for 2020–2025.
Data last updated September 2026. Sourced from IRS Form 990 filings. Research dossier generated September 2026.
Data update history
(7)
When this profile's IRS filing data changed on Grantable
- Updated Form 990 for fiscal year 2020 (received by the IRS October 29, 2021)
- Updated Form 990 for fiscal year 2021 (received by the IRS October 3, 2022)
- Updated Form 990 for fiscal year 2022 (received by the IRS July 27, 2023)
- Updated Form 990 for fiscal year 2023 (received by the IRS August 12, 2024)
- Updated Form 990 for fiscal year 2024 (received by the IRS October 6, 2025)
- Added Form 990 for fiscal year 2025 (received by the IRS August 19, 2026)
- IRS filings on file for fiscal years 2020–2024
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Cite this profile
Grantable. (2026). Spencer Educational Foundation Inc funder profile. GrantGraph. Retrieved October 15, 2026, from https://grantable.co/funders/spencer-educational-foundation-inc-morg_0cb5f588b0fc48208d9a7342c7d02d8a
BibTeX
@misc{grantable_581420617_2026,
author = {{Grantable}},
title = {{Spencer Educational Foundation Inc funder profile}},
howpublished = {GrantGraph},
year = {2026},
url = {https://grantable.co/funders/spencer-educational-foundation-inc-morg_0cb5f588b0fc48208d9a7342c7d02d8a},
note = {Accessed 2026-10-15. Data licensed CC BY 4.0}
}The figures on this page are open data under CC BY 4.0: reuse them with credit to Grantable and a link. Download the data.
Figures come from Spencer Educational Foundation Inc's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.
Spencer Educational Foundation Inc down — hundreds of funders to go?