The mission of the Johnstone Educational Foundation is to support the educational future of insurance industry leaders through providing scholarship funds to deserving students on a non-discriminatory basis who are interested in pursuing a college level course of study in the field of business administration and insurance.


In 1984 the membership of AIPAGIA established the AIPAGIA Educational Foundation as a 501 (c)(3) public tax-exempt charitable organization, independent of AIPAGIA, for the purpose of providing financial support to college students who are pursuing an education and career in the field of business administration and insurance.

In 1990, AIPAGIA and the insurance industry suffered the loss of a great friend and supporter with the untimely passing of then AIPAGIA Executive Director, Jack Johnstone. As a means of memorializing Jack’s contributions to the industry the AIPAGIA Educational Foundation Board of Directors changed the name of the Foundation to The Jack B. Johnstone Educational Foundation.

In 2001, Bill Johnstone, who had proceeded his brother, Jack, as Executive Director for AIPAGIA, retired. As an acknowledgement of Bill’s contributions and hard work on AIPAGIA’s behalf, The Jack B. Johnstone Educational Foundation’s Board of Directors once again renamed the Foundation to the Johnstone Educational Foundation.

Although the Foundation has gone through several name changes, it has remained unwavering in its commitment to the betterment of the insurance industry.


Rita Boateng is a first-generation Ghanaian-American and first-generation college student. In the Fall of 2023, she will begin her fourth year at Roosevelt University studying Actuarial Science while minoring in Computer Science and Finance. She serves as the President of the Math and Actuarial Science Club, works as a Mathematics Tutor on campus, is a McNair Scholar, and more. She stays involved in the community inside and outside of school; organizing fundraisers, serving in her church’s music ministry, and supporting her peers as a tutor and mentor.

Thank you, donors, for your selflessness and generosity. Being a student on its own is challenging. Personally, I face intense math courses and encounter discouraging circumstances.  Yet, I am thankful for donors, such as you, that are the force that causes me to rise above the troubling waves. Because of your kindness and belief that your donation can make a difference, I have the privilege to focus on my education and to make my dreams a reality.

I will forever be grateful, thank you so much.

Rita Boateng
Actuarial Science, Computer Science and Finance
Roosevelt University


Dear AIPAGIA Selection Committee,

I am truly honored to be a receipt of the JEF scholarship. I greatly appreciate you adding an additional $1,000 to support me in my education. I am currently a junior at Indiana State University majoring in Insurance/Risk Management with an intended graduation date of May 2024.

As I complete my education at Indiana State, I am extremely thankful for receiving your thoughtful gift. With the help of this scholarship, it allows me to stay actively involved in both my university and the community without the burden of a costly education. I am grateful for your dedication to supporting students and providing me with the JEF Scholarship.

Thank you again for your confidence in me and your willingness to support my education.

Julia Sonntag
Insurance and Risk Management Major
Indiana State University

With the Fundraising Events this past year being successful, AIPAGIA members' generosity made it possible to help two other well-deserving and hard-working students with their educational goals. Thank you so much, Donors, for your continued support of JEF!!