NonprofitsActuarial Foundation

Education

Actuarial Foundation

SCHAUMBURG, IL

Total revenue

$4.0M

Total expenses

$5.3M

Net assets

$4.6M

Grants received

$7.7M

182 grants

EIN

363968441

Tax year

2023

Mission

Changing lives through math education (see schedule o for the organization's full mission statement)

Programs

3 programs

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 inclusion and representation. 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.

Expenses: $838KGrants: $694K

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.

Expenses: $94KGrants: $57K

General program expenses.

Expenses: $10K

Financials

FY 2023

Revenue

Contributions & grants$3.0M
Program service revenue
Investment income$1.1M
Other revenue
Total revenue$4.0M

Expenses

Grants paid$847K
Salaries & benefits$2.7M
Fundraising$905K
Other expenses$1.8M
Total expenses$5.3M
Total assets$5.3M
Net assets$4.6M

People

32 listed

NameRoleCompensation

JASON LEPPIN

PRIOR EXECUTIVE DIRECTOR

Board

$231K

1 hrs/wk

VALERIE THOMPSON

EXECUTIVE DIRECTOR

Board

$146K

40 hrs/wk

ANDIE CHRISTOPHERSON

TRUSTEE

Board

1 hrs/wk

KELLY CUSICK

TRUSTEE

Board

1 hrs/wk

ALEXANDER DEWITT

TRUSTEE

Board

1 hrs/wk

CYNTHIA EDWALDS

TRUSTEE

Board

1 hrs/wk

STEVE EISENSTEIN

TRUSTEE

Board

1 hrs/wk

JEREMY ENGDAHL-JOHNSON

TRUSTEE

Board

1 hrs/wk

ANDY FERRIS

CHAIR

Board

1 hrs/wk

EMILY GINGRICH

TRUSTEE

Board

1 hrs/wk

OLGA JACOBS

TRUSTEE

Board

1 hrs/wk

JEFFREY JOHNSON

TRUSTEE

Board

1 hrs/wk

RICHARD JONES

TRUSTEE

Board

1 hrs/wk

ANAND KHARE

SECRETARY TREASURER

Board

1 hrs/wk

TRAVIS LAPPE

TRUSTEE

Board

1 hrs/wk

TED LYLE

TRUSTEE

Board

1 hrs/wk

NORA BENANTI

TRUSTEE

Board

1 hrs/wk

JERRY MINGIONE

TRUSTEE

Board

1 hrs/wk

CANDE OLSEN

TRUSTEE

Board

1 hrs/wk

NADINE ORLOFF

TRUSTEE

Board

1 hrs/wk

LELA PATRIK

TRUSTEE

Board

1 hrs/wk

SHARON ROBINSON

CHAIR-ELECT

Board

1 hrs/wk

STEVE ROMINSKE

TRUSTEE

Board

1 hrs/wk

ELIZABETH SANDER

TRUSTEE

Board

1 hrs/wk

ERIC SHERMAN

TRUSTEE

Board

1 hrs/wk

JOANNE SPALLA

TRUSTEE

Board

1 hrs/wk

RICHARD VEYS

TRUSTEE

Board

1 hrs/wk

STEVE WHITE

TRUSTEE

Board

1 hrs/wk

CHAD WISCHMEYER

TRUSTEE

Board

1 hrs/wk

STEWART ASHKENAZY

TRUSTEE

Board

1 hrs/wk

KASSIE MARONEY

TRUSTEE

Board

1 hrs/wk

CRAIG BUCK

TRUSTEE

Board

1 hrs/wk

Independent contractors

INSTITUTE OF COMPETITION SCIENCES

MTFC AND SCHOLASTIC PROGRAM ACTIVITIES

$387K

NIKNACK MARKETING INC

MARKETING CONSULTING

$106K

Grants received

Showing 182 of 182

FromAmountPurposeYear
$320K
UEC DE STIPEND/SCHOLARSHIPS & GRANTS
2024
$250K
EDUC. GENERAL
2024
$200K
TO PROVIDE SUPPORT FOR THE EXPANSION OF MATH MOTIVATORS
2024
$130K
General Operations
2024
$83K
UNRESTRICTED GENERAL SUPPORT
2024
$75K
General & Unrestricted
2024
$25K
UNRESTRICTED OPERATING COSTS
2024
$20K
TO PROVIDE GENERAL SUPPORT
2024
$20K
General support
2024
$10K
UNRESTRICTED GENERAL SUPPORT
2024
$10K
Contribution provided
2024
$7K
GENERAL SUPPORT
2024
$6K
PROGRAM SUPPORT
2024
$1K
General & Unrestricted
2024
$989
Contribution provided
2024
$500
SUPPORT OF MATH EDUCATION AND FINANCIAL LITERACY PROGRAMS AND SCHOLARSHIPS
2024
$275
GENERAL OPERATING PURPOSE
2024
$258
SUPPORT MATH EDUCATION
2024
$200
GENERAL EXEMPT PURPOSE
2024
$250K
EDUC. GENERAL
2023
$200K
TO PROVIDE SUPPORT FOR THE EXPANSION OF MATH MOTIVATORS
2023
$130K
General Assistance
2023
$125K
General & Unrestricted
2023
$96K
For grant recipient's exempt purposes
2023
$88K
UNRESTRICTED GENERAL SUPPORT
2023
$69K
FOR RECIPIENT'S EXEMPT PURPOSE
2023
$50K
Supporting education
2023
$41K
CHARITABLE DONATION
2023
$40K
TO PROVIDE FUNDING FOR ADMINISTRATION OF THE FOUNDATION.
2023
$33K
GENERAL CONTRIBUTION
2023
$25K
Supporting education
2023
$25K
"SHAPIRO'S HEROES"
2023
$25K
EDUCATION
2023
$21K
UNRESTRICTED GENERAL SUPPORT
2023
$20K
UNRESTRICTED GRANT TO SUPPORT ORGANIZATION'S EXEMPT PURPOSE
2023
$14K
PROGRAM SUPPORT
2023
$10K
General support
2023
$10K
Contribution provided
2023
$7K
DONOR DESIGNATION
2023
$7K
HUMAN SERVICES
2023
$5K
Matching Gifts
2023
$3K
GENERAL CHARITABLE
2023
$2K
GENERAL OPERATING SUPPORT
2023
$1K
GENERAL SUPPORT
2023
$1K
General & Unrestricted
2023
$942
Contribution provided
2023
$500
SUPPORT OF MATH EDUCATION AND FINANCIAL LITERACY PROGRAMS AND SCHOLARSHIPS
2023
$500
PROGRAM/OPERATING SUPPORT
2023
$500
scholarship formath students
2023
$383
SUPPORT MATH EDUCATION
2023
$100
GENERAL CONTRIBUTION
2023
$52
GENERAL PURPOSE
2023
$525K
GENERAL SUPPORT
2022
$128K
General Assistance
2022
$125K
FOR RECIPIENT'S EXEMPT PURPOSE
2022
$105K
GENERAL SUPPORT
2022
$100K
EDUC. GENERAL
2022
$100K
TO SUPPORT THE MATH MOTIVATORS PROGRAM
2022
$91K
For grant recipient's exempt purposes
2022
$75K
General & Unrestricted
2022
$50K
Program support for the Math Motivators Tutoring Program
2022
$50K
Supporting education
2022
$40K
TO PROVIDE FUNDING FOR ADMINISTRATION OF THE FOUNDATION.
2022
$35K
Education Programs
2022
$25K
General purposes
2022
$25K
UNRESTRICTED GRANT FOR OPERATING COSTS
2022
$25K
EDUCATION
2022
$20K
UNRESTRICTED GRANT TO SUPPORT ORGANIZATION'S EXEMPT PURPOSE
2022
$16K
UNRESTRICTED GENERAL SUPPORT
2022
$10K
Contribution provided
2022
$10K
Financial Assistance
2022
$10K
General support
2022
$10K
Contribution provided
2022
$7K
CHARITABLE DONATION
2022
$7K
DONOR DESIGNATION
2022
$3K
For general support or for a capital fund drive of the respective organization
2022
$2K
GENERAL OPERATING SUPPORT
2022
$1K
GENERAL SUPPORT
2022
$1K
CURRENT USE FOR GENERAL CHARITABLE PURPOSES
2022
$908
Contribution provided
2022
$500
PROGRAM/OPERATING SUPPORT
2022
$500
Matching Gifts
2022
$152
GENERAL OPERATING PURPOSES
2022
$150
GENERAL SUPPORT
2022
$100
Matching Gifts
2022
$100
Matching Gifts
2022
$119K
For recipient's exempt purpose
2021
$103K
TO PROVIDE FUNDING FOR ADMINISTRATION OF THE FOUNDATION.
2021
$62K
For grant recipient's exempt purposes
2021
$62K
For grant recipient's exempt purposes
2021
$25K
Education
2021
$25K
The Shapiro Scholarship Fund
2021
$25K
supporting education
2021
$25K
Program support for the Math Motivators Tutoring Program
2021
$15K
Financial Assistance
2021
$10K
General support
2021
$2K
GENERAL OPERATING SUPPORT
2021
$1K
GENERAL FUNDING
2021
$500
CURRENT USE FOR GENERAL CHARITABLE PURPOSES
2021
$300
SUPPORT MATH EDUCATION
2021
$138K
General Assistance
2020
$132K
FOR RECIPIENT'S EXEMPT PURPOSE
2020
$100K
CCA GENERAL
2020
$100K
CCA GENERAL
2020
$98K
TO PROVIDE FUNDING FOR ADMINISTRATION OF THE FOUNDATION.
2020
$82K
For grant recipient's exempt purposes
2020
$35K
National Program
2020
$25K
Supporting education
2020
$25K
General & Unrestricted
2020
$25K
Education
2020
$20K
GENERAL SUPPORT
2020
$19K
UNRESTRICTED GENERAL SUPPORT
2020
$15K
Financial Assistance
2020
$13K
General support
2020
$10K
GRANT DISTRIBUTION
2020
$8K
CHARITABLE DONATION
2020
$7K
PROGRAM SUPPORT
2020
$1K
GENERAL FUNDING
2020
$500
CHARITABLE CONTRIBUTION
2020
$343
GENERAL PURPOSE
2020
$250
Matching Gifts Program
2020
$83
GENERAL PURPOSE
2020
$50
DEVELOP, FUNDS, AND EXECUTES EDUCATION AND RESEARCH PROGRAMS THAT SERVE THE PUBLIC BY HARNESSING THE TALENTS OF ACTUARIES
2020
$50
GENERAL SUPPORT
2020
$121K
PUBLIC, SOCIETAL BENEFIT
2019
$93K
TO PROVIDE FUNDING FOR ADMINISTRATION OF THE FOUNDATION.
2019
$48K
For grant recipient's exempt purposes
2019
$20K
GENERAL SUPPORT
2019
$7K
Grants from Donor Advised Funds - Operating Support
2019
$6K
UNRESTRICTED GENERAL SUPPORT
2019
$68K
For grant recipient's exempt purposes
2018
$5K
Grants from Donor Advised Funds - Operating Support
2018
$1K
GENERAL FUNDING
2018
$250
SUPPORT MATH EDUCATION
2018
$18K
FOR GRANT RECIPIENT'S EXEMPT PURPOSES
2017
$12K
SOCIAL SERVICES/SOCIAL BENEFITS
2017
$5K
Grants from Donor Advised Funds - Operating Support
2017
$5K
DONOR ADVISED FUND
2017

Funded by

$7.7M from 56 funders · 182 grants · 2017–2024

Society Of Actuaries Research Institute

$871K · 2 grants · 2018–2020

Society Of Actuaries

$845K · 2 grants · 2022–2024

New York Life Foundation

$800K · 5 grants · 2020–2024

Fidelity Investments Charitable Gift Fund

$527K · 8 grants · 2017–2023

American Academy Of Actuaries

$526K · 4 grants · 2020–2024

Seattle Foundation

$520K · 4 grants · 2022–2024

Vanguard Charitable Endowment Program

$445K · 4 grants · 2020–2023

Donor Advised Charitable Giving Inc

$398K · 7 grants · 2017–2023

Details

EIN363968441
NTEE codeB03
Subsection03
Ruling date1995-03
Formed1994
Employees41
Volunteers540
ACTUARIAL FOUNDATION — Mission, Financials & Grants Received | Grantivo