Overview
What is The Actuarial Foundation?
The Actuarial Foundation, a 501(c)(3) organization situated in Schaumburg, Illinois, is dedicated to fostering mathematical thinking among future generations. They accomplish this by providing complimentary educational materials to teachers and students in grades 4-12. These resources encompass hands-on projects, lesson plans, and online activities, covering various mathematical topics and financial literacy themes. One of their flagship initiatives is the Modeling the Future Challenge (MTF), a critical thinking, mathematics competition for high school students, offering scholarships worth $55,000. The award-winning Financial Literacy Curriculum Resource, Building Your Future, has reached over 500,000 students and 60,000 teachers nationwide. The foundation further bridges the opportunity gap through a volunteer-driven S.A.T. and math tutoring program, connecting low-income urban high school students with professional actuaries and mathematics majors.
Official website here: www.actuarialfoundation.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Stars)
The Actuarial Foundation has received a strong Four-Star rating from Charity Navigator, reflecting its high level of accountability and financial health. With a score of 91 for Accountability & Finance, the organization shows robust practices in oversight, including no material diversion of assets and comprehensive policies in place, such as conflict of interest and whistleblower policies.
A notable strength of the foundation is its excellent program expense ratio of 64.23%, indicating a substantial portion of its budget is directed towards program activities. Additionally, it boasts outstanding scores in impact measurement and feedback collection and usage, both rated at 100 out of 100, demonstrating its commitment to assessing and enhancing its service effectiveness.
Despite its strengths, the program expense ratio could potentially be improved, as it is slightly below the optimal threshold for some donors. Overall, The Actuarial Foundation showcases strong management practices and a dedication to its mission, making it a reliable choice for potential donors.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about The Actuarial Foundation?
100% of 6 reviewers on Facebook recommend The Actuarial Foundation. Here is a summary of their reviews:
The foundation has received high praise for its commitment to promoting math literacy for everyone. Reviewers have expressed admiration for its mission and the positive impact it seeks to have in the community. Many feel that the organization is effectively addressing a critical need in education through engaging programs and resources.
Overall, the sentiment is overwhelmingly positive, highlighting the foundation's dedication to improving mathematical skills and understanding across diverse audiences. Supporters believe the foundation is truly fulfilling its promise to enhance math literacy.
This AI summary has been generated from reviews found on Facebook.
Is The Actuarial Foundation legitimate?
The Actuarial Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Actuarial Foundation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
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Official website here: www.actuarialfoundation.org
What is the mission statement of The Actuarial Foundation?
The Actuarial Foundation, a 501(C)(3) organization, serves as the philanthropic body for the actuarial industry in the United States. Established in 1994, its primary focus has been on promoting lifelong mathematics education and financial literacy. The foundation achieves this goal through its learning resources and scholarships. The mission of The Actuarial Foundation is to enhance mathematics education and financial literacy by leveraging the talents and resources of actuaries. Its vision is to foster an educated public striving towards a secure financial future.
Official website here: www.actuarialfoundation.org
Who is the CEO of The Actuarial Foundation?
Jason Leppin is the Chair of The Actuarial Foundation.
Official website here: www.actuarialfoundation.org
What is the revenue of The Actuarial Foundation?
The Actuarial Foundation's revenue in 2022 was $3,775,493.
Official website here: www.actuarialfoundation.org
Who are the executives of The Actuarial Foundation and what are their salaries?
There 1500 volunteers at The Actuarial Foundation.
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Official website here: www.actuarialfoundation.org
Where can I find the form 990 for The Actuarial Foundation?
The Actuarial Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.actuarialfoundation.org
Learn more at the official website: www.actuarialfoundation.org
Mission Statement of The Actuarial Foundation
The Actuarial Foundation, a 501(c)(3) organization, serves as the philanthropic body for the actuarial industry in the United States. Established in 1994, its mission is centered around promoting lifelong math education and financial literacy. The organization achieves this mission by leveraging the talents and resources of actuaries. Through its learning resources and scholarships, The Actuarial Foundation aims to enhance math education and financial literacy, ultimately envisioning an educated public working towards a secure financial future. In essence, The Actuarial Foundation seeks to utilize the expertise of actuaries to foster a population equipped with strong mathematical skills and a solid understanding of financial principles.
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Impact
October, 2024
The Actuarial Foundation significantly impacts math education and financial literacy across the United States. By providing free educational resources to teachers and students in grades 4-12, it fosters a new generation of mathematical thinkers. These resources include hands-on projects, lesson plans, and online activities that cover a range of mathematical topics, helping to ignite student interest and engagement in math.
One of the foundation's key initiatives, the Modeling the Future Challenge (MTF), encourages high school students to apply their mathematical knowledge in real-world scenarios. Participants not only enhance their critical thinking skills but also compete for college scholarships totaling $55,000, further motivating them to explore careers in actuarial science and other math-related fields.
Additionally, the foundation's award-winning financial literacy curriculum, "Building Your Future," has been made available to over 60,000 high school teachers and 500,000 students, equipping them with essential skills for managing their finances. The foundation also actively addresses educational disparities through its volunteer-driven SAT and math tutoring program, pairing low-income urban high school students with professional actuaries and college students specializing in related fields.
Overall, the foundation's commitment to enhancing math education and promoting financial literacy plays a vital role in closing the opportunity gap and preparing students for successful futures.
This information is meant to be a general summary of The Actuarial Foundation. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $504,369
- Gross Receipts: $4,069,059
Assets and Liabilities:
- Total Assets: $9,127,147
- Total Liabilities: $727,009
- Net Assets: $8,400,138
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Organization Details
Founding Year
1994
Phone
(847) 706-3535Principal Officer
Jason Leppin
Main Address
475 N MARTINGALE ROAD 600, SCHAUMBURG, IL, 60173
Website
www.actuarialfoundation.orgNTEE Category
Code: B03 - Education
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