As part of its commitment to helping public school students in its hometown of Hartford obtain a higher education, The Hartford Financial Services Group Inc. has created a new scholarship for the pursuit of insurance studies at the School of Risk Management, Insurance and Actuarial Science at St. John’s University in New York.
Starting in the fall, 2006, The Hartford Financial Services Group Scholarship will provide $2,500 a year for up to four years to an eligible student from the city of Hartford seeking an undergraduate or graduate degree at St. John’s School of Risk Management, Insurance and Actuarial Science. The Hartford has endowed the new scholarship with $50,000.
The Hartford’s chairman and CEO Ramani Ayer will announce the endowment of the new scholarship this evening in New York at the 10th Annual “Insurance Leader of the Year” Award Dinner, sponsored by St. John’s School of Risk Management, Insurance and Actuarial Science.
“Education is the great equalizer, opening up all kinds of possibilities for our nation’s young people,” said Ayer. “With this new scholarship, we aim to have a direct, positive impact on our neighbors’ lives and at the same time develop the future leaders of the insurance industry.”
Helping Hartford public school students pursue a college education is one of the primary strategic goals of The Hartford’s philanthropic efforts. Currently, 67 students are enrolled at four-year colleges and universities on scholarships sponsored by The Hartford. In 2004, the company earmarked $475,000 to help pay college tuition costs.
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