The Actuarial Foundation
The Actuarial Foundation is a 501(c)(3) nonprofit founded in 1994 and the philanthropy for the U.S. actuarial profession. It delivers free math education programs—including tutoring, scholarships, competitions, and curriculum—to more than 16,000 students annually across the United States.
- Company typePrivate
- Founded1994
- HeadquartersSchaumburg, United States
- Headcount11–50
- GTM typeB2C
- OfferingServices
What The Actuarial Foundation does
The Actuarial Foundation is a 501(c)(3) nonprofit organization founded in 1994 that operates as the philanthropic arm of the U.S. actuarial profession. Based in Schaumburg, Illinois with a small staff of approximately 12–14 employees, the foundation delivers free math education programs to students in grades 5–12 and to college students across the United States. Its mission centers on math proficiency, financial literacy, and pipeline development for the actuarial profession, supported by five founding U.S. actuarial organizations (CAS, SOA, CCA, ASEA, and AAA) that have provided strategic backing since 2004.
The foundation's core offerings comprise six major programs: Math Motivators (free volunteer-actuary tutoring using a 2:1 student-to-tutor model); the STEM Stars Actuarial Scholars Program ($20,000 four-year scholarship plus mentorship and career development); Modeling the Future Challenge (a high school math modeling competition with up to $55,000 in prizes, operated with the Institute of Competition Sciences); The Hardest Math Problem Contest (a middle school competition co-presented with the New York Life Foundation and Scholastic); Building Your Future (a financial literacy curriculum for grades 9–12 hosted by YMI); and Expect the Unexpected With Math (a middle school curriculum hosted by Scholastic). The foundation does not develop proprietary technology; it relies on standard web platforms including Submittable for scholarship applications and third-party hosts for curriculum distribution. In 2025–2026, the foundation reported reaching more than 16,000 students, including 644 tutored for 2,352 hours by 274 volunteer actuaries, 593 MTF Challenge participants, and 1,751 Hardest Math Problem contestants from 35 states.
The foundation operates on a donation-funded model with no fee charged to participants. Revenue is sourced from individual donations (including a monthly "Math GEMs" program), corporate sponsorships structured in tiers ranging from Builder at $5,000+ to Innovator at $250,000+, and foundation grants. Notable partners include New York Life Foundation, Milliman, the RGA Foundation, Scholastic, YMI, and diversity-focused actuarial organizations (OLA, IABA, SAGAA). The foundation holds a 4-star Charity Navigator rating and has earned the Candid Platinum Seal of Transparency for six consecutive years.
The Actuarial Foundation firmographics
Firmographics- Name
- The Actuarial Foundation
- Legal name
- The Actuarial Foundation
- Website
- https://actuarialfoundation.org
- Company type
- Private
- Founded year
- 1994
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- The Actuarial Foundation is a 501(c)(3) nonprofit founded in 1994 and the philanthropy for the U.S. actuarial profession. It delivers free math education programs—including tutoring, scholarships, competitions, and curriculum—to more than 16,000 students annually across the United States.
- Ownership category
- akta.pro rank
The Actuarial Foundation industry classification
Industry- Product category
- Math Education Nonprofit Services
- NAICS
- Grantmaking Foundations (813211), Educational Services (611)
- SIC
- Services-Educational Services (8200)
- akta.pro primary industry
- Education Grantmaking Foundations (BPAGAKAK)
- akta.pro secondary industry
- College Access, Scholarships & Student Success Nonprofits (BPAGADAE)
Keywords
Where The Actuarial Foundation is headquartered
LocationHeadquarters
- HQ city
- Schaumburg
- HQ country
- United States
- HQ region
- North America
Offices2 records
Markets served
The Actuarial Foundation business model
Business model- GTM type
- B2C
- Offering type
- Services
- Cost components
- Personnel, Operations, Marketing or Sales, Others
Revenue model
- Individual Donations: The foundation receives donations from individual supporters including actuaries, alumni of programs, and general public. Monthly giving program called 'Math GEMs' (Give Every Month) provides recurring donation option. One-time and planned giving options available.
- Corporate Sponsorships: Corporate partners provide financial support at various tiers (Innovator $250,000+, Discoverer $100,000+, Pioneer $50,000+, Pathfinder $25,000+, Pacesetter $10,000+, Builder $5,000+). Sponsors receive recognition and access to talent pipeline.
- Campaign Fundraising: All for Math Campaign Year 2 aims to increase percentage of actuaries giving from 3% to 5%, with Impact-squared Challenge offering $75,000 matching gift opportunity from RGA Foundation and trustees.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Freemium | Annual | All programs and resources are provided free of charge |
Go-to-market motion1 record
Distribution channels4 records
Marketing channels6 records
The Actuarial Foundation product offering
Product offeringCore offering
The Actuarial Foundation is a 501(c)(3) nonprofit that delivers free math education programs and resources to K-12 and college students in the United States. Its core offerings include volunteer-led math tutoring (Math Motivators), a $20,000 actuarial scholarship and mentorship program (STEM Stars), real-world math competitions (Modeling the Future Challenge and The Hardest Math Problem), and standards-aligned financial literacy and math curricula (Building Your Future and Expect the Unexpected With Math). The Foundation operates as the sole philanthropic arm of the U.S. actuarial profession, leveraging volunteer actuaries and corporate sponsors to deliver all programs at no cost to participants.
Product overview
The Actuarial Foundation operates as a non-profit educational organization offering a portfolio of math education programs and resources rather than a unified software product. The core offerings include: Math Motivators (free tutoring for grades 5-12), STEM Stars Actuarial Scholars Program (scholarships with mentorship), Modeling the Future Challenge (high school math competition), The Hardest Math Problem Student Contest (middle school competition), Building Your Future (financial literacy curriculum for high school), and Expect the Unexpected With Math (middle school math curriculum). The All for Math Campaign serves as the Foundation's primary fundraising initiative supporting all programs.
Differentiator
Problem solved
Functional benefit
Brands
- Math Motivators: A volunteer-driven math tutoring program offering free math tutoring to students in grades 5-12 who need and want tutoring but otherwise cannot afford it. The program uses a 2:1 model pairing two students with one tutor.
- STEM Stars Actuarial Scholars Program
- Modeling the Future Challenge
- Building Your Future
- Expect the Unexpected With Math
- The Hardest Math Problem Student Contest
- All for Math
Products and services
- Math Motivators
- STEM Stars Actuarial Scholars Program
- Modeling the Future Challenge
- The Hardest Math Problem Student Contest
- Building Your Future
- Expect the Unexpected With Math
Quantifiable outcome
- Nearly 50% of tutoring students experience an average increase of a full letter-grade or more in math courses
- +4 more outcomes
Companies that use The Actuarial Foundation
Customer profileNamed customers5 records
Segments4 records
Ideal customer profiles4 records
The Actuarial Foundation technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
The Actuarial Foundation partnerships and signals
Strategic signalPartnerships
Twelve partnerships are on record, tiered core, flagship and minor.
- Casualty Actuarial Society (CAS)coreFounding actuarial organization partner supporting the foundation since 2004. Co-develops programs like the Modeling the Future Challenge.
- Society of Actuaries (SOA)coreFounding actuarial organization partner supporting the foundation since 2004. Provides volunteer actuaries and program support.
- Conference of Consulting Actuaries (CCA)coreFounding actuarial organization partner supporting the foundation since 2004. Represents consulting actuaries in foundation support.
- American Society of Enrolled Actuaries (ASEA)coreFounding actuarial organization partner supporting the foundation since 2004. Represents enrolled actuaries in pension practice.
- New York Life FoundationflagshipCo-presenter of The Hardest Math Problem Student Contest with New York Life Foundation, providing major funding for middle school math competition.
- Institute of Competition SciencesflagshipDeveloped and operates the Modeling the Future Challenge competition platform and management system alongside the foundation.
- ScholasticcoreEducational publisher hosts Expect the Unexpected With Math curriculum and Hardest Math Problem contest materials, distributing to schools nationwide.
- YMI (Youth Financial Interactive)coreHosts Building Your Future financial literacy curriculum, distributing personal finance education materials to high schools.
- Women\'s Institute for a Secure Retirement (WISER)minorPartnered since 2001 to provide financial literacy resources, particularly for retirement education initiatives.
- Organization of Latino Actuaries (OLA)minorPartner organization that administers scholarships for Latino students pursuing actuarial careers, aligned with foundation diversity goals.
- International Association for Black Actuaries (IABA)minorPartner organization providing exam reimbursement and scholarships for Black students entering actuarial profession.
- Sexuality and Gender Alliance of Actuaries (SAGAA)minorPartner organization administering scholarships for LGBTQ+ students pursuing actuarial careers.
Scale indicators13 records
Recent moves5 records
Expansion highlights5 records
The Actuarial Foundation competitors and assessment
Company assessmentMarket position
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
The Actuarial Foundation social profiles
Digital presenceThe Actuarial Foundation compliance and trust
Trust signalCompliance2 records
The Actuarial Foundation financial estimates
Financial estimateRevenue estimate
Valuation estimate
The Actuarial Foundation leadership team
Management profileNumber of profiles
Profiles29 records
The Actuarial Foundation funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
The Actuarial Foundation M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about The Actuarial Foundation
What does The Actuarial Foundation do?
The Actuarial Foundation is a 501(c)(3) nonprofit that delivers free math education programs and resources to K-12 and college students in the United States. Its core offerings include volunteer-led math tutoring (Math Motivators), a $20,000 actuarial scholarship and mentorship program (STEM Stars), real-world math competitions (Modeling the Future Challenge and The Hardest Math Problem), and standards-aligned financial literacy and math curricula (Building Your Future and Expect the Unexpected With Math). The Foundation operates as the sole philanthropic arm of the U.S. actuarial profession, leveraging volunteer actuaries and corporate sponsors to deliver all programs at no cost to participants.
Is The Actuarial Foundation a public or private company?
The Actuarial Foundation is a private company. It is classified as nonprofit foundation owned and is currently operating.
When was The Actuarial Foundation founded?
The Actuarial Foundation was founded in 1994. It employs 11 to 50 people.
Where is The Actuarial Foundation based?
The Actuarial Foundation is headquartered in Schaumburg, United States, in the North America region.
How does The Actuarial Foundation make money?
Three revenue lines are on record. Individual Donations are the primary driver. The others are corporate Sponsorships and campaign Fundraising.
Does The Actuarial Foundation have an API?
No public API is recorded for The Actuarial Foundation.
What industry is The Actuarial Foundation in?
The Actuarial Foundation's product category is Math Education Nonprofit Services. Its primary akta.pro industry code is BPAGAKAK, Education Grantmaking Foundations, with a secondary code of BPAGADAE, College Access, Scholarships & Student Success Nonprofits. Its NAICS code is 813211 and its SIC code is 8200.