Serving to perpetuate the mission of Spencer Educational Foundation Inc., Arthur J. Gallagher & Co. has announced that it will donate $100,000 to fund the creation of the ‘Robert E. Gallagher and John P. Gallagher Scholarship.’ The initiative will provide funding for students of risk management disciplines.
‘We are grateful for the tremendous generosity of Arthur J. Gallagher & Co. and know that its contribution will be instrumental in cultivating a dynamic next generation of risk and insurance talent," says Donna Galer, chairwoman of Spencer Educational Foundation. "This scholarship will be a continuous reminder of the long history of support Arthur J. Gallagher & Co. has given Spencer Educational Foundation. We thank Pat Gallagher and his team.’
Since its formation in 1979, Spencer Educational Foundation has awarded 454 student scholarships totaling $3.6 million and university grants totaling $1.3 million in the U.S., Canada and the U.K. The foundation will begin accepting scholarship applications for the 2010-2011 academic year in November 2009.
"My father, John Gallagher, and my uncle, Bob Gallagher, were lifelong proponents of bringing talented young people into the insurance and risk management industries," says J. Patrick Gallagher, Jr., chairman, president and CEO of Arthur J. Gallagher & Co. "They were committed to giving college students an opportunity to learn about our business, the many career paths it offers and how it impacts society as a whole."
SOURCE: Spencer Educational Foundation Inc.