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April 9, 2014

SFC Awarded $50,000 Grant for Risk Management

St. Francis to Develop New Risk Management Modules

Spencer Educational Foundation, Inc. has awarded St. Francis College a $50,000 grant to develop new modules that will teach Risk Management to entry level and upper level management and finance students at the College. The grant is funded by RIMS, the risk management society.

spencer foundation grant

“The Foundation, through a generous grant from RIMS, has taken a leadership role in expanding risk management and insurance education,” said Spencer Educational Foundation Chairwoman Peggy Accordino who added that risk management is a vital part of any business plan. “Anyone who is going to start a business needs to learn about risk management.”

The first four modules will help new Management majors learn about basic concepts of insurance and risk management, careers in the field, types of insurance, providers and regulation as well as measuring financial performances

The upper level modules focus on insurance contracts and loss exposures, advanced risk management, life and personal lines insurance, and commercial insurance.

“In the past, all major institutions had training programs for new hires that covered important issues like risk management,” said St. Francis College President Brendan J. Dugan ’68. “But now, students need to come to the recruiters with all of these skills under their belt. This grant will help us prepare them.”

“Over the summer, we will be developing the first set of modules,” said Allen Burdowski, Dean for Academic Programs and Development. “These will be introduced in the Fall 2014 semester to our entry-level management majors. The second set of four modules will be offered the following year to our upper level management students.”

This is the first time the Spencer Educational Foundation awarded the Risk Management Curriculum Development Grant.

About Spencer Educational Foundation
Established in 1979 to honor the late Robert S. Spencer, the Foundation is funding the education of tomorrow's risk management and insurance leaders. For more information, visit

Attached Photo: Vice President of Development Thomas Flood, Grants Manager Edward Stewart, Spencer Educational Foundation Programs Director Angela Sabatino, Management Professor John Dilyard, President Brendan J. Dugan, Spencer Educational Foundation Chairwoman Peggy Accordino, Dean for Academic Programs and Development Allen Burdowski, Management Professor James Fazio, Chair of Management and IT Department Dennis Anderson.

St. Francis College, founded in 1859 by the Franciscan Brothers of Brooklyn, is located in Brooklyn Heights, N.Y. Since its founding, the College has pursued its Franciscan mission to provide an affordable, high-quality education to students from New York City’s five boroughs and beyond.


St. Francis College, 180 Remsen Street, Brooklyn Heights, NY 11201

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