OVERVIEW: The Actuarial Foundation supports mathematics education for K-12 learners and mathematics scholarships for higher education.
IP TAKE: This funder's giving is accessible, but modest. If your mathematics program or need fits this funder’s model, it may be an opportunity worth pursuing.
PROFILE: The Actuarial Foundation was established in 1994 as a way to create greater universal 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 modest grant and scholarship programs.
For the K-12 set—more specifically for this foundation, the window of grades 4-12—there is 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 limits what it 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. Applications for the ASA grant are open to all, with a March deadline.
The Actuarial Foundation also provides college scholarships for undergraduate students studying actuarial science. Amounts are modest, ranging $1,000 to $9,000, with multiple pots, including one specifically for minority students. The deadlines for the different scholarship programs are in May and June.
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