The Actuarial Foundation: Grants for Science Education

OVERVIEW: The Actuarial Foundation funds mathematics scholarships for higher education.

IP TAKE: This is an accessible, but modest funder who supports science education through mathematics scholarships for college undergraduates. Rather than offer grants, as in the past, it funds scholarships.

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 seeks “to enhance math education and financial literacy through the talents and resources of actuaries.” By natural extension, the Actuarial Foundation invests in mathematics education through modest scholarship programs.

The Actuarial Foundation provides college scholarships for undergraduate students studying actuarial science. Amounts range from $1,000 to $9,000, with multiple scholarships, including one specifically for minority students and another for second and third year actuarial students enrolled at the University of the West Indies. The deadlines for the different scholarship programs are in May and June.

The foundation also provides Awards & Prizes “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.”

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