Actuarial Foundation
Actuarial Foundation
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About this organization
Mission
The mission of The Actuarial Foundation is to enhance math education and financial literacy through the talents and resources of actuaries.
About
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 REVAMPED VERSION OF THE FOUNDATION'S PROJECT, MATH MINDS, A CRITICAL THINKING, HANDS-ON MATHEMATICS CHALLENGE FOR HIGH SCHOOL STUDENTS FOR THE CHANCE TO EARN ONE OF THREE COLLEGE SCHOLARSHIPS TOTALING $55,000. THE 2018 COMPETITION WAS DEVELOPED WITH SUPPORT FROM THE CURRENT MTF CHALLENGE STUDENTS ACROSS THE NATION TO CREATE THE BEST MATHEMATICAL MODELS PROJECTING HOW THE DEVELOPMENT OF NEW THERAPIES MIGHT CHANGE THE WAY DISEASES AFFECT OUR HEALTHCARE INDUSTRY, INSURANCE, GOVERNMENT, OR SOCIETY. THEY 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. FINALISTS WILL TRAVEL TO NEW YORK TO PRESENT THEIR PROJECT. THE AWARD-WINNING FINANCIAL LITERACY CURRICULUM RESOURCE, BUILDING YOUR FUTURE, HAS BEEN GIVEN TO MORE THAN 11,000 HIGH SCHOOL TEACHERS AND 450,000 STUDENTS NATIONWIDE. THE FREE CLASSROOM RESOUCES AND SEEK A TRUSTED-PARTNER TO PROVIDE THE LATEST MATH AND FINANCIAL LITERACY EDUCATION TOOLS. THE FOUNDATION IS PROUD TO HELP TO CLOSE THE ACHIEVEMENT 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.
Interesting data from their 2019 990 filing
According to the filing, the non-profit's mission is “We offer teachers free math enhancement materials for their classrooms. we provide insights for consumers to efficiently manage changing economic situations. we provide actuaries, researchers, and students the opportunity to benefit from awards and scholarships.”.
When referring to its actions, they were described as: “Changing lives through math education (see schedule o)”.
- According to the law, the state of operation reported by the non-profit is IL.
- As per the filing, the address of the non-profit for 2019 is 475 N MARTINGALE RD NO 600, SCHAUMBURG, IL, 60173.
- According to their form, the non-profit as of 2019 has a total of 0 employees.
- Is not a private foundation.
- Expenses are greater than $1,000,000.
- Revenue is greater than $1,000,000.
- Revenue less expenses is -$6,893.
- The organization has 25 independent voting members.
- The organization was formed in 1994.
- The organization pays $0 in salary, compensation, and benefits to its employees.
- The organization pays $106,960 in fundraising expenses.
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