Rhode Island Cpcu Scholarship Fund
Accepts applications
Rhode Island Cpcu Scholarship Fund is a private foundation in Lincoln, Rhode Island. In tax year 2025 it gave $80,000 in 15 grants; the typical grant was $5,000 and the largest $7,500. It accepts applications; its filing gives the instructions below.
From its IRS Form 990-PF for tax year 2025.
- Grants paid, 2025$80,000
- Number of grants15
- Typical grant$5,000
- Largest grant$7,500
- Assets$1.6 million
Giving in 2025 was up from $75,000 the year before.
Giving by year
| Tax year | Grants paid | Number of grants | Assets |
|---|---|---|---|
| 2023 | $50,000 | 10 | $1.4 million |
| 2024 | $75,000 | 14 | $1.4 million |
| 2025 | $80,000 | 15 | $1.6 million |
How to apply
| Contact | Brian Rusate 100 Amica Wy, Lincoln, RI 02865 |
|---|---|
| Phone or email | (800) 652-6422 |
| What to submit | Basic biographical information; connection to the insurance industry; educational instutution currently attended and status; prior scholastic excellence recognition; explanation of how present and recent grades reflect one's commitment to education advancement and career aspirations; explanation of meaningful extra-curricular school activities and leadership roles held; explanation of organizations in which one has been active, including leadership roles; certifications attained; career aspirations; personal statement as to why one is deserving of the scholarship; references; employment information; schools applied to and acceptance status; transcript, sat scores, and any other information deemed relevant. |
| Deadlines | March 31st each year. |
| Restrictions | To be eligible the applicant must: a. Be working in the insurance industry in Rhode Island or working in the insurance industry elsewhere and be a resident of Rhode Island, or an active member of the ri chapter cpcu, or; be a spouse, child, sibling, parent, grandparent, grandchild, or stepchild of a person who is either working in the insurance industry in Rhode Island or who is working elsewhere in the insurance industry and is a resident of Rhode Island, or an active member of the ri chapter cpcu; and be enrolled at an accredited two or four year college or university in a full time associate's degree or bachelor's degree program; and not have been awarded this scholarship in the past. Prior unsuccessful candidates may reapply. |
Foundation website IRS filings on ProPublica
What Rhode Island Cpcu Scholarship Fund funds
Where it gives
Its grants went to recipients in 4 states, the most to Rhode Island.
| State | Grants | Amount |
|---|---|---|
| Rhode Island | 11 | $60,500 |
| Connecticut | 2 | $10,000 |
| Pennsylvania | 1 | $5,000 |
| Massachusetts | 1 | $4,500 |
Grants paid in 2025
| Recipient | Purpose | Amount |
|---|---|---|
| Individual | Scholarship | $7,500 |
| Individual | Scholarship | $7,500 |
| Individual | Scholarship | $6,000 |
| Individual | Scholarship | $6,000 |
| Individual | Scholarship | $5,000 |
| Individual | Scholarship | $5,000 |
| Individual | Scholarship | $5,000 |
| Individual | Scholarship | $5,000 |
| Individual | Scholarship | $5,000 |
| Individual | Scholarship | $5,000 |
| Individual | Scholarship | $5,000 |
| Individual | Scholarship | $4,500 |
| Individual | Scholarship | $4,500 |
| Individual | Scholarship | $4,500 |
| Individual | Scholarship | $4,500 |
Officers and trustees
- Allan McDermott
- Stefvan Drezek
- Michelle N Pelletier
- Crismel A Calderon
- David E Fales
- Todd R Larson
- Brian A Rusate
- John C Tickner
Questions people ask
Does Rhode Island Cpcu Scholarship Fund accept grant applications?
Yes. Its latest IRS filing says it accepts applications, with this on deadlines: March 31st each year..
How much does Rhode Island Cpcu Scholarship Fund give?
$80,000 in tax year 2025, across 15 grants, with a typical grant of $5,000.
Who runs Rhode Island Cpcu Scholarship Fund?
Its 2025 filing lists Allan McDermott (President), Stefvan Drezek (Treasurer), Michelle N Pelletier (Secretary) and Crismel A Calderon (Director (From Sep '25)) among 8 officers and trustees.
What does Rhode Island Cpcu Scholarship Fund fund?
Based on its grants, mainly education.