NEW YORK–Board members of the Spencer Educational Foundation Inc. and several scholarship recipients recognized the Ace Group of Companies on Tuesday for pledging to contribute $100,000 over four years.
The donation, which will begin in December, goes toward the creation of the William J. Clagnaz ACE USA Memorial Scholarship. Mr. Clagnaz was senior vice president, underwriting at ACE USA Global Property.
The first $5,000 scholarship will be awarded to an undergraduate student who permanently resides in the New York City area, including the five boroughs, and is pursuing a degree in risk management or insurance.
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