The Actuarial Foundation is celebrating 25 years of supporting math education and financial literacy through the talents and resources of actuaries. We’re proud of our work over these past 25 years. Check out some of the highlights in the timeline below by clicking on each year.
Celebrating 25 Years
Recognizing the unique talents of actuaries, the value of education and the positive outcome it would have on current and future generations, The Actuarial Foundation was founded.
The Advancing Student Achievement Grants Program was launched. Since its beginning at Liberty School in Springfield Massachusetts, the ASA program has helped to fund math enhancement programs at 66 schools nationwide.
The first free consumer booklet, Making Your Money Last for a Lifetime, was released. It was produced through a partnership with the Women’s Institute for a Secure Retirement (WISER). This collaboration was the beginning of a series of strategic alliances between The Actuarial Foundation and various consumer organizations.
The Actuarial Education and Research Fund merged with The Actuarial Foundation, broadening the research role of The Actuarial Foundation. A key benefit of this merger was the combination into a single entity of the U.S. actuarial profession’s two major philanthropic efforts.
The Actuarial Foundation began a partnership with Scholastic. The first program was called Shake, Rattle, & Roll. This partnership has resulted in highly successful, hands-on middle school math programs that have been distributed to more than 350,000 teachers and millions of students. In 2011, the Foundation introduced its first online game, Scholastic’s The Power of Probability, for grades 6-8. It has been played more than 16,000 times.
Math Academy books were launched.
The Actuarial Foundation began managing the Actuarial Diversity Scholarship. The first scholarship was awarded in 1977, and since the Foundation took over the management of this scholarship, it has expanded. In 2017, Ernst & Young hosted a luncheon that raised $17,000 for the Actuarial Diversity Scholarship at the Society of Actuaries Annual Meeting. In 2018, E&Y hosted a luncheon at the Casualty Actuarial Society Annual Meeting, where a panel of scholarship recipients shared what the scholarship meant to them personally and professionally.
The Building Your Future Financial Literacy High School Curriculum Resource was launched. Since its launch, Building Your Future has been shared with more than 11,000 teachers and more than 2,600 classrooms.
The Math Motivators tutoring program launched in Hartford, Connecticut. The program has since expanded to Chicago, Seattle, Minneapolis/St. Paul, New York City, Lincoln/Omaha, Nebraska, and Portland, Maine, and it continues to grow thanks to our volunteers and financial support from the Society of Actuaries matching gift campaign, and grants from Milliman and the New York Life Foundation.
The Actuarial Foundation initiated a rebranding effort, unveiled a new logo and launched a new website. The Foundation also established its Loyalty Society to recognize consistent, long-time donors.
The Foundation partners with ICS (Institute of Competition Sciences) to design and manage the Modeling the Future Challenge national math competition. The Challenge culminates in the inaugural Symposium held at the Museum of New York in February 2018.
The Actuarial Foundation wins the American Society of Association Executive’s Power of A Summit and Gold Awards for the Math Motivators tutoring program.
The Actuarial Foundation celebrates 25 years of supporting math education and financial literacy through the talents and resources of actuaries.