The Actuarial Foundation

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.

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

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

• Math education programs
• Nonprofit scholarships
• Math tutoring services
• Financial literacy curriculum
• Actuarial career pipeline

Headquarters

HQ city

Schaumburg

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Others

Revenue model

1. 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.
2. 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.
3. 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

Go-to-market motion1 record

Distribution channels4 records

Marketing channels6 records

Core 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

Named customers5 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Twelve partnerships are on record, tiered core, flagship and minor.

• Casualty Actuarial Society (CAS)coreStrategic or Co-development PartnerFounding actuarial organization partner supporting the foundation since 2004. Co-develops programs like the Modeling the Future Challenge.
• Society of Actuaries (SOA)coreStrategic or Co-development PartnerFounding actuarial organization partner supporting the foundation since 2004. Provides volunteer actuaries and program support.
• Conference of Consulting Actuaries (CCA)coreStrategic or Co-development PartnerFounding actuarial organization partner supporting the foundation since 2004. Represents consulting actuaries in foundation support.
• American Society of Enrolled Actuaries (ASEA)coreStrategic or Co-development PartnerFounding actuarial organization partner supporting the foundation since 2004. Represents enrolled actuaries in pension practice.
• New York Life FoundationflagshipStrategic or Co-development PartnerCo-presenter of The Hardest Math Problem Student Contest with New York Life Foundation, providing major funding for middle school math competition.
• Institute of Competition SciencesflagshipStrategic or Co-development PartnerDeveloped and operates the Modeling the Future Challenge competition platform and management system alongside the foundation.
• ScholasticcoreChannel Partner/ Reseller/ DistributorEducational publisher hosts Expect the Unexpected With Math curriculum and Hardest Math Problem contest materials, distributing to schools nationwide.
• YMI (Youth Financial Interactive)coreChannel Partner/ Reseller/ DistributorHosts Building Your Future financial literacy curriculum, distributing personal finance education materials to high schools.
• Women\'s Institute for a Secure Retirement (WISER)minorStrategic or Co-development PartnerPartnered since 2001 to provide financial literacy resources, particularly for retirement education initiatives.
• Organization of Latino Actuaries (OLA)minorStrategic or Co-development PartnerPartner organization that administers scholarships for Latino students pursuing actuarial careers, aligned with foundation diversity goals.
• International Association for Black Actuaries (IABA)minorStrategic or Co-development PartnerPartner organization providing exam reimbursement and scholarships for Black students entering actuarial profession.
• Sexuality and Gender Alliance of Actuaries (SAGAA)minorStrategic or Co-development PartnerPartner organization administering scholarships for LGBTQ+ students pursuing actuarial careers.

Scale indicators13 records

Recent moves5 records

Expansion highlights5 records

Market position

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/ActuarialFound
• YouTubeyoutube.com/user/ActuarialFoundation
• Facebookfacebook.com/ActuarialFound
• LinkedInlinkedin.com/company/the-actuarial-foundation
• Instagraminstagram.com/actuarialfoundation

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles29 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about The Actuarial Foundation