DAILY NEWS Feb 1, 2013 11:23 AM - 0 comments

RIMS donates $30,000 to risk management resource organization McGannon Foundation

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2013-02-01

RIMS, the Risk Management Society, has donated $30,000  to The William H. McGannon Foundation, a charitable nonprofit organization that provides funding and resources to support the advancement of the risk management and insurance professions in Canada. 

McGannon

The donation was presented at the McGannon Foundation’s 10th Anniversary Luncheon in Toronto by RIMS Executive Director Mary Roth. “RIMS’ mission is ‘to advance risk management for your organization’s success’ and contributing to charitable organizations like McGannon Foundation is key to ensuring that our profession continues to thrive,” she commented in a statement. “RIMS believes that this support is crucial and we’re delighted to be able to provide it.”

The McGannon Foundation was established following the release of a study by the RIMS Canada Council in 1999 that evaluated the need for a Canadian organization to support the future of risk management in Canada. It was established to provide resources in the form of grants to advance risk management by way of education, research, mentorship programs and work experience programs.

“With a large number of risk practitioners entering the twilight of their careers, fostering educational programming, scholarships and other resources that benefit the next generation of this profession is a RIMS priority," RIMS president John Phelps said in a statement. "We are proud to be able to lend our support to help further the McGannon Foundation’s exceptional work and commitment to the future of the profession.”

"As president of the William H. McGannon Foundation, I am proud to state that our success is directly attributed to our dedicated Board of Directors and our many financial supporters,” Joe Restoule, the foundation's president commented.  “Since our inception 10 years ago, RIMS has been one of the key contributors, generously supporting the promotion and development of new risk practitioners in Canada. There is no doubt RIMS’ commitment will take us to new heights in the next decade."

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