EIN 36-3968441

The Actuarial Foundation

IRS 501(c) type
501(c)(3)
Num. employees
0
Year formed
1994
Most recent tax filings
2023-05-01
Description
The Actuarial Foundation, a 501(c)(3) organization, is The philanthropic organization for The Actuarial industry in The united states.
Total revenues
$3,853,775
2023
Total expenses
$5,262,124
2023
Total assets
$7,379,506
2023
Num. employees
0
2023

Program areas at The Actuarial Foundation

Education - The Foundation encourages new generations of mathematical thinkers by creating and distributing educational materials to teachers and students in grades 4-12. These free resources include hands-on projects, lesson plans, and online activities that cover a variety of mathematical topics and financial literacy themes. Modeling The future challenge (mtf), is a critical thinking, hands-on mathematics challenge for high school students for The chance to earn one of three college scholarships totaling $55,000. Students will learn how mathematics applies to cutting-edge industries and technology, as well as highly sought-after careers as actuaries and other math-related professions. The award-winning financial literacy curriculum resource, building your future, has been provided for free to more than 60,000 high school teachers and 500,000 students nationwide. The Foundation is proud to help to close The opportunity gap through a volunteer-driven s.a.t. And math tutoring program that pairs low-income urban high school students with professional actuaries and college students majoring in Actuarial science, mathematics, or education.
Awards & prizes - The Actuarial Foundation is proud to recognize The exemplary work of individuals whose work is adding to The knowledge of The Actuarial field and advancing The skill set of The profession. The erm research excellence award in memory of hubert mueller recognizes significant contributions to The growing body of erm knowledge and research. The award is given annually to The best overall paper at The erm symposium. The wynn kent public communication award is given to members of The Actuarial profession who have contributed to The public awareness of The work of The profession and The value of Actuarial science in meeting The financial security of society in The fields of life, health, casualty, pension, and other related areas. The intent of The award is to encourage actuaries to engage in activities that highlight The Actuarial profession's role in financial security issues benefiting The public.
Scholarships - The Actuarial Foundation ensures The future of The Actuarial profession through its scholarships and reimbursement program. Recipients of Foundation scholarships are selected by representatives of The Actuarial profession, who may one day be their peers. So, not only are these scholarships a means to offset The cost of education, they also serve as a prestigious recognition by a highly rated profession. Actuary of tomorrow - stuart a. robertson memorial scholarships recognize and encourage The academic achievements of undergraduate students pursuing a career in Actuarial science. The caribbean Actuarial scholarship is intended to be an annual award to university of The west indies (uwi) Actuarial students who demonstrate a strong record of accomplishment, leadership qualities, and commitment to becoming an actuary. The Actuarial diversity scholarship promotes diversity within The profession through an annual scholarship program for black/african american, hispanic, native north american, and pacific islander students. The curtis e. huntington memorial scholarship applicants must be a college senior who has successfully completed at least one Actuarial examination. Applicant must rank in The top quarter of their class and have been nominated by a professor at their school.

Who funds The Actuarial Foundation

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
The Blackbaud Giving FundGeneral Support$211,483
American Academy of ActuariesGeneral Assistance$128,000
The Carter Chapman Shreve Family FoundationGeneral & Unrestricted$125,000
...and 42 more grants received totalling $1,352,911

Personnel at The Actuarial Foundation

NameTitleCompensation
Valerie ThompsonInterim Executive Director
Debbie McCormacProgram Manager
Sharon RobinsonBoard Member$0
Jason LeppinPast Executive Director$0
Andy FerrisChair$0
...and 6 more key personnel

Financials for The Actuarial Foundation

RevenuesFYE 05/2023
Total grants, contributions, etc.$3,253,542
Program services$0
Investment income and dividends$134,257
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$465,976
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$3,853,775

Form 990s for The Actuarial Foundation

Fiscal year endingDate received by IRSFormPDF link
2023-052024-04-06990View PDF
2022-052023-03-21990View PDF
2021-052022-04-14990View PDF
2020-052022-03-22990View PDF
2019-122021-02-24990View PDF
...and 11 more Form 990s
Data update history
July 16, 2024
Received grants
Identified 8 new grant, including a grant for $50,000 from Rga Foundation
May 23, 2024
Posted financials
Added Form 990 for fiscal year 2023
May 20, 2024
Updated personnel
Identified 8 new personnel
May 18, 2024
Used new vendors
Identified 1 new vendor, including
May 18, 2024
Received grants
Identified 2 new grant, including a grant for $79,546 from American Online Giving Foundation
Nonprofit Types
Professional associationsBusiness and community development organizationsSchoolsCharities
Issues
EducationCommunity improvementBusiness and industry
Characteristics
National levelCommunity engagement / volunteeringProvides scholarshipsTax deductible donationsNo full-time employeesAccepts online donations
General information
Address
1515 E Woodfield Rd 625
Schaumburg, IL 60173
Metro area
Chicago-Naperville-Elgin, IL-IN-WI
County
Cook County, IL
Website URL
actuarialfoundation.org/ 
Phone
(847) 706-3535
IRS details
EIN
36-3968441
Fiscal year end
May
Taxreturn type
Form 990
Year formed
1994
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
B82: Scholarships, Student Financial Aid Services
NAICS code, primary
813920: Professional Associations
Parent/child status
Independent
California AB-488 details
AB 488 status
May Operate or Solicit for Charitable Purposes
Charity Registration status
Current - Awaiting Reporting
FTB status revoked
Not revoked
AG Registration Number
CT0206759
FTB Entity ID
3653773
AB 488 data last updated ("as-of") date
2024-11-20
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