The Actuarial Foundation: Grants for K-12 Education

OVERVIEW: The Actuarial Foundation does not run a grantmaking program per se but supports math education with free resources for teachers and students, college scholarships, contests and disaster relief.

IP TAKE: The Actuarial Foundation does not run a grantmaking program per se but supports math education with free resources for teachers and students, college scholarships, contests and disaster relief.

PROFILE: The Actuarial Foundation was established in 2004 as a joint effort of several actuarial organizations in the United States. It aims to “enhance math education and financial literacy through the talents and resources of actuaries.” This foundation is based in Schaumburg, Illinois and runs several scholarship programs and student contests. It also provides free resources for teachers on its website.

The Actuarial Foundation’s philanthropy consists of monetary awards for excellence in the field of actuary science, several college scholarships and free on-line math and personal finance resources for teachers. The foundation also runs the Model the Future Challenge, which asks students to use their ideas on how technology will change the future in innovative projects. The foundation’s Rebuild initiative has raised money to help schools affected by hurricanes in Florida to refurbish and resupply math classrooms.

This foundation does officially run a grantmaking program. General inquiries about funding may be made to the foundation through its online contact page.

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