OVERVIEW: The Actuarial Foundation supports mathematics education for K-12 learners and mathematics scholarships for higher education.
IP TAKE: This funder gives in modest amounts to new classroom mathematics projects. If your program fits its model, it may be an opportunity worth pursuing.
PROFILE: The Actuarial Foundation was established in 1994 to create greater visibility for the profession and its role for the public. To that end, the foundation “explores innovative ways to apply actuarial skills in the public interest.”
By natural extension, The Actuarial Foundation supports mathematics education through a modest grant program for the K-12 set—or, more specifically for this foundation, a window of grades 4-12.
Its giving in this arena is called the Advancing Student Achievement (ASA) grant, which provides classroom teachers/programs with up to $10,000 per year for new, year-long mathematics programs that “bridge the gap between classroom and real world mathematics.” The foundation funds up to five such programs each year, and programs are eligible for a one-year extension of funding.
While teacher stipends can account for a modest portion of the funds it will supply, capacity-building 21st century accoutrements cannot. The foundation will not pay for internet connectivity, smartboards, or computer maintenance, for example, and limit what they will contribute to software licensing (10%). The Actuarial Foundation also will not support robotics or engineering programs; it really is looking for math learning and math applications in their purest forms.
Recent grantees include Briarwood Elementary School (Oklahoma City, OK), towards its Rebuild Math Classrooms program. The foundation's $7,500 grant was used in part to purchase graphing calculators. Grant High School (Portland, OR) also recently received $5,028 for its "Allgebra Innovations" course.
Applications for the ASA grant are open to all, with a March deadline.
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