Society of Actuaries Research Institute
The Society of Actuaries Research Institute is a public charity based in Chicago, Illinois, and serves as the research arm of the Society of Actuaries. It creates, funds, develops, and distributes objective, data-driven research to help the actuarial community identify, predict, and manage risk.
Society of Actuaries Research Institute at a glance
In short: Society of Actuaries Research Institute gave $1.0M across 28 grants in 2024 (avg $37K), top state Maine. 32% of 2024 grantees were new. Source: 2024 IRS Form 990.
- Annual giving (2024)
- $1,041,932
- -37.3% vs 2023
- Grants made (2024)
- 28
- -20.0% vs 2023
- Average grant
- $37,212
- -21.6% vs 2023
- Median grant
- $24,886
- Total assets
- $41,388,060
- -0.9% vs 2023
- New grantees (estimate)
- 32% first-time grantees (9 of 28, 2024)
- Primary geography
- Maine (21% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990, 2024 View filing
Data from IRS Form 990, 2024; updated September 2026. New grantees are estimated by matching recipient names across years (methodology).
How to apply to Society of Actuaries Research Institute
- Review Cycle
- The 2027 individual grant competition calls for letters of intent by October 21, 2026. The Institute’s proposal-request listings also specify deadlines for individual requests.
- Deadline
- The 2027 individual grant competition calls for letters of intent by October 21, 2026.
- Contact
Mailing address: 8770 W Bryn Mawr Ave 1000, Chicago, IL 60631
Phone: (847) 706-3500
Website: https://soa.org
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who Society of Actuaries Research Institute funds
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
The largest 2024 recipient was Milliman Inc ($218K). Together the top 10 received $747K.
Grant Size Distribution
157 grants across all recorded years
The most common grant size was under $50K: 116 grants of 157 (74%).
Geographic Focus
Where this funder awards grants
The Institute is based in Chicago, Illinois. Its 2024 grant dollars went to recipients in multiple states; the largest shares went to Maine (21%), California (20%), Connecticut (13%), Illinois (8%), and Rhode Island (6%).
Grant Distribution by State
Share of 2024 grant dollars across all 28 itemized grants.
States
Cities
Is Society of Actuaries Research Institute open to new grantees?
32%
first-time grantees, 2024
In 2024, 9 of 28 grantees (32%) were first-time recipients. First grants averaged $18K; repeat grants $46K. How we count
Medians: $13K first-time, $33K repeat.
Estimate from itemized grant lists in IRS Form 990 filings (2020–2024). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2024, annual grant giving ranged from $1.0M (2024) to $1.8M (2021). In 2024 it made 28 grants totaling $1.0M.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Milliman Inc Portland, ME | Research Grant | $217,985 |
| Axene Health Partners LLC Temecula, CA | Research Grant | $125,000 |
| Risk & Regulatory Consulting Farmington, CT | Research Grant | $114,000 |
| Healthcare Analytics Providence, RI | Research Grant | $60,000 |
| Pricewaterhousecoopers Chicago, IL | Research Grant | $50,000 |
| Vickie L Bajtelsmit Consulting LLC Tinmath, CO | Research Grant | $39,900 |
| Actuarial Research Corporation Annandale, VA | Research Grant | $38,000 |
| Regents of the University of Cal Berkley Berkeley, CA | Research Grant | $35,056 |
| Purdue University West Lafayette, IN | Research Grant | $34,000 |
| Deloitte Consulting LLP Philadelphia, PA | Research Grant | $33,000 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Net Investment Income |
|---|---|---|---|---|---|---|
| 2024 | $41,388,060 | $3,542,693 | $7,122,191 | $1,041,932 | 28 | $2,048,539 |
| 2023 | $41,743,339 | $1,409,837 | $8,464,023 | $1,661,773 | 35 | $-58,931 |
| 2022 | $47,336,513 | $-117,528 | $8,244,591 | $1,522,698 | 32 | $-508,686 |
| 2021 | $66,013,531 | $3,256,481 | $8,074,935 | $1,835,215 | 32 | $2,845,696 |
| 2020 | $75,725,864 | $12,145,882 | $7,456,537 | $1,820,949 | 30 | $5,767,779 |
Research compiled by Grantable AI from public sources. Last updated September 2026.
Mission & Focus Areas
The Institute’s stated mission is to provide objective, data-driven research that combines established practices with future-focused approaches to address societal challenges and business needs. Its stated research areas include aging and retirement; actuarial innovation and technology; mortality and longevity; diversity, equity, and inclusion; health care cost trends; and catastrophe and climate risk. The Institute also describes itself as a leading provider of experience studies used by actuaries to develop financially secure insurance systems.
Its 2024 filing reports research grants and educational grants. One 2024 recipient was Arizona State University, which received $8,445. The university describes its mission as advancing Arizona State University by enriching the lives of alumni, students, and friends and fostering their lifelong connections while providing services and programs to alumni.
Grantmaking
The Institute’s 2024 filing reports 28 grants totaling $1,041,932. Grant amounts ranged from $7,000 to $217,985, with a median of $24,886. The largest grants listed were $217,985 to Milliman Inc. for a research grant; $125,000 to Axene Health Partners LLC; $114,000 to Risk & Regulatory Consulting; $60,000 to Healthcare Analytics; and $50,000 to PricewaterhouseCoopers. Each of the latter four was also designated a research grant.
The Institute offers grants and other research opportunities, including proposal requests, competitions, and awards. For its 2027 individual grant competition with the Casualty Actuarial Society, individuals and teams may apply; eligible applicant categories include academics, practitioners, and partnerships between them. Graduate and undergraduate students are not eligible to apply individually but may be part of a team. The competition calls for a two-page letter of intent, followed by a proposal that includes a thorough research description, purpose, literature review, and reasonable, justifiable budget. Selected researchers enter into a formal contract, and recipients are expected to present their work at an Actuarial Research Conference meeting and submit it for publication or provide another approved end product. The competition states that median grant funding is approximately $15,000. Separately, the Institute says it generally does not fund academic institution overhead expenses.
The Institute states that a Project Oversight Group reviews, selects, and monitors research grants, and that recipients must submit progress reports. Its filing also says educational grants must be used for educational expenses and are monitored by staff.
Leadership & Key People
Leadership team and compensation from IRS filings
The 2024 filing lists Amanda Hug and John Robinson as president, David Dillon as president-elect, Tim Rozar as past president, and Ying Zhao as secretary/treasurer. It also lists Karen Anway, David Boettcher, Karen Burnett, Sherry Chan, and Gabriela Dieguez as board members.
Society of Actuaries Research Institute is led by Greg Heidrich, CEO on every filing since 2020; 15 of 38 officers listed in 2024 are compensated.
Officers on the 2024 filing
Greg Heidrich
CEO
On filings since 2020
36 hrs/week
$657K (2020) → $762K (2024)
Amanda Hug
President
Board Member → President, 2024
On filings since 2020
1 hr/week
No compensation reported
John Robinson
President
President-Elect → President & Chair, 2022
President & Chair → President, 2024
On filings since 2021
1 hr/week
No compensation reported
Andrew Peterson
Managing Director International
Senior Director & International → Managing Director International, 2023
On filings since 2020
36 hrs/week
$255K (2020) → $302K (2024)
Joseph Wurzburger
Managing Director & Strategy
Senior Director & Strategy → Managing Director Strategy, 2023
Managing Director Strategy → Managing Director & Strategy, 2024
On filings since 2020
36 hrs/week
$228K (2020) → $358K (2024)
R. Dale Hall
Managing Director Research
On filings since 2020
36 hrs/week
$354K (2020) → $428K (2024)
Courtney Nashan
Managing Director Engagement
Senior Director Engagement → Managing Director Engagement, 2023
On filings since 2021
36 hrs/week
$215K (2021) → $363K (2024)
Ken Guthrie
Managing Director Education
On filings since 2021
36 hrs/week
$370K (2021) → $434K (2024)
Carla Carry
Managing Director & Marketing
Managing Director Marketing & Communications → Managing Director & Marketing, 2024
On filings since 2023
36 hrs/week
$343K (2023) → $332K (2024)
Alice Locatelli
Managing Director of Experience
New on the 2024 filing
36 hrs/week
$296K (2024)
Timothy Moberly
Senior Director & Its
On filings since 2020
36 hrs/week
$224K (2020) → $247K (2024)
Tiffany Stamm
Senior Director, Finance & Facilities
New on the 2024 filing
36 hrs/week
$264K (2024)
Emily Kessler
Senior Staff Fellow
Senior Staff Actuary → Senior Staff Fellow, 2021
On filings since 2020
36 hrs/week
$250K (2020) → $291K (2024)
Stuart Klugman
Senior Staff Fellow
Senior Staff Actuary → Senior Staff Fellow, 2021
On filings since 2020
36 hrs/week
$257K (2020) → $301K (2024)
Monika McGuire
General Counsel
On filings since 2021
36 hrs/week
$230K (2021) → $290K (2024)
Rose B. Fealy
COO & CFO
Cafo → COO & CFO, 2024
On filings since 2022
36 hrs/week
$278K (2022) → $496K (2024)
Vicki Baue
General Counsel
On filings since 2023
36 hrs/week
$292K (2023) → $384K (2024)
David Dillon
President-Elect
Board Member → President-Elect, 2024
On filings since 2020
1 hr/week
No compensation reported
Lisa Kuklinski
Board Member
Board Member → Secretary & Treasurer, 2021
Secretary & Treasurer → Board Member, 2023
On filings since 2020
1 hr/week
No compensation reported
Ying Zhao
Secretary & Treasurer
Board Member → Secretary & Treasurer, 2022
On filings since 2020
1 hr/week
No compensation reported
David Ingram
Board Member
On filings since 2021
1 hr/week
No compensation reported
Mary Beth Ramsay
Board Member
On filings since 2021
1 hr/week
No compensation reported
Mercy Yan
Board Member
On filings since 2021
1 hr/week
No compensation reported
Sara Goldberg
Board Member
On filings since 2021
1 hr/week
No compensation reported
Si Xie
Board Member
On filings since 2021
1 hr/week
No compensation reported
Ian Duncan
Board Member
On filings since 2022
1 hr/week
No compensation reported
Karen Burnett
Board Member
On filings since 2022
1 hr/week
No compensation reported
Kelly Rabin
Board Member
On filings since 2022
1 hr/week
No compensation reported
Melody Prangley
Board Member
On filings since 2022
1 hr/week
No compensation reported
Tim Rozar
Past President
President-Elect & Vice Chair → Past President, 2024
On filings since 2022
1 hr/week
No compensation reported
Daniel Pribe
Board Member
On filings since 2023
1 hr/week
No compensation reported
Gabriela Dieguez
Board Member
On filings since 2023
1 hr/week
No compensation reported
Jackie Lee
Board Member
On filings since 2023
1 hr/week
No compensation reported
Sherry Chan
Board Member
On filings since 2023
1 hr/week
No compensation reported
David Boettcher
Board Member
New on the 2024 filing
1 hr/week
No compensation reported
Hans Wagner
Board Member
New on the 2024 filing
1 hr/week
No compensation reported
Jon Wu
Board Member
New on the 2024 filing
1 hr/week
No compensation reported
Karen Anway
Board Member
New on the 2024 filing
1 hr/week
No compensation reported
Former officers (33)
- Former: Arpita Das (2020–2023) — Board Member
- Former: Cynthia Macdonald (2020–2023) — Senior Staff Actuary
- Former: Jennifer Gillespie (2020–2023) — Past President
- Former: Josee Deroy (2020–2023) — Board Member
- Former: Nazir Valani (2020–2023) — Board Member
- Former: Tiffany Berger (2022–2023) — Senior Director, Finance & Facilities
- Former: Anna Clarke (2020–2022) — Senior Director & Marketing -
- Former: Richard Veys (2020–2022) — General Counsel
- Former: Robert Eaton (2020–2022) — Board Member
- Former: Roy Goldman (2020–2022) — Past President
- Former: Sharon Giffen (2020–2022) — Board Member
- Former: Stacy Lin (2020–2022) — Deputy CEO & CFO -
- Former: William B. Fornia (2020–2022) — Board Member
- Former: Xu Xuan (2020–2022) — Board Member
- Former: Anna Kacprzyk-Abel (2022) — Senior Director, Pd & Meetings
- Former: Jennifer Haid (2020–2021) — Board Member
- Former: Julie Curtis (2020–2021) — Board Member
- Former: Ling-Ling Wang (2020–2021) — Board Member
- Former: Lisa Schilling (2020–2021) — Senior Staff Fellow
- Former: Michael Boot (2020–2021) — Managing Director & Engagement
- Former: Sara Teppema (2020–2021) — Board Member
- Former: Andy Rallis (2021) — President
- Former: Andrew Rallis (2020) — President
- Former: Ann Weber (2020) — Government Affairs Director
- Former: Carol Kozlowski (2020) — Senior Director
- Former: Chrstine Hofbeck (2020) — Secretary & Treasurer
- Former: David Sandberg (2020) — Board Member
- Former: James Glickman (2020) — Past President
- Former: Kenneth Guthrie (2020) — Managing Director Education
- Former: Patrick Gould (2020) — Managing Director & Marketing
- Former: Sue Blanck (2020) — Board Member
- Former: Terry Long (2020) — Board Member
- Former: Wendy Liang (2020) — Board Member
Data from IRS Form 990 filings, 2020–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2024 IRS filing
The highest reported compensation on the 2024 filing was $762K, to Greg Heidrich (CEO). 15 officers or directors reported compensation on that filing.
Frequently asked questions about Society of Actuaries Research Institute
How much does Society of Actuaries Research Institute give each year?
Society of Actuaries Research Institute gave $1.0M across 28 grants in 2024, according to its 2024 IRS Form 990. In 2023 it gave $1.7M across 35 grants.
What is Society of Actuaries Research Institute's typical grant size?
Society of Actuaries Research Institute's median grant in 2024 was $24,886, and its average grant was $37,212, across 28 grants on its 2024 IRS Form 990. Organizations receiving their first grant from Society of Actuaries Research Institute that year got $18K on average.
Where does Society of Actuaries Research Institute give grants?
Society of Actuaries Research Institute's top state is Maine, with 21% of the grant dollars itemized on its 2024 IRS Form 990. The next largest states were California (20%) and Connecticut (13%). The most frequent recipient cities were San Francisco, CA (2 grants) and Chesterfield, MO (2 grants).
Does Society of Actuaries Research Institute give general operating support?
Not in 2024: none of the 28 grants with a stated purpose on Society of Actuaries Research Institute's 2024 IRS Form 990 were described as general or operating support. Recurring purposes include "Research Grant" (28 grants).
Who are Society of Actuaries Research Institute's largest grantees?
Society of Actuaries Research Institute's largest 2024 grantees include Milliman Inc ($217,985), Axene Health Partners LLC ($125,000) and Risk & Regulatory Consulting ($114,000), according to its 2024 IRS Form 990. Together they received 44% of its itemized 2024 grant dollars.
How large is Society of Actuaries Research Institute?
Society of Actuaries Research Institute reported $41.4M in total assets on its 2024 IRS Form 990. Its revenue that year was $3.5M.
What does Society of Actuaries Research Institute fund?
The Institute’s stated mission is to provide objective, data-driven research that combines established practices with future-focused approaches to address societal challenges and business needs. See mission & focus areas ↑
How do I apply for a grant from Society of Actuaries Research Institute?
Society of Actuaries Research Institute has no public application process in the sources Grantable reviewed. Check soa.org for current guidelines, or contact the foundation directly before submitting a request.
What is Society of Actuaries Research Institute's EIN?
Society of Actuaries Research Institute's EIN (Employer Identification Number) is 36-2136422. IRS Form 990 filing data is available on this page for 2020–2024.
Data last updated September 2026. Sourced from IRS Form 990 filings. Research dossier generated September 2026.
Data update history
(6)
When this profile's IRS filing data changed on Grantable
- Updated Form 990 for fiscal year 2020 (received by the IRS November 15, 2021)
- Updated Form 990 for fiscal year 2021 (received by the IRS November 15, 2022)
- Updated Form 990 for fiscal year 2022 (received by the IRS November 6, 2023)
- Updated Form 990 for fiscal year 2023 (received by the IRS November 5, 2024)
- Updated Form 990 for fiscal year 2024 (received by the IRS October 31, 2025)
- IRS filings on file for fiscal years 2020–2024
Explore Open Grants
Browse active grant opportunities in Society of Actuaries Research Institute's focus areas in our free grants database
Similar Funders
Funders that support many of the same organizations
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Washington, DC
Georgetown University’s 2025 grants mainly supported research and related work through subawards to universities, hospitals, and nonprofits. It reported 191 grants totaling $27.9 million, with a median grant of $58,829; recipients were across the U.S., with the largest shares of funding going to DC and California. The stated application programs are limited to Georgetown faculty; whether it accepts unsolicited requests from outside organizations is not stated.
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President and Fellows of Harvard College
Cambridge, MA
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Yale University
New Haven, CT
Yale University funds sponsored research, education and institutional programs, student aid, and charitable or community support, with 2025 grants ranging from $3,000 to $14.3 million and a median of about $136,000. Grants went to recipients in multiple states, with the largest shares in Connecticut, California, Massachusetts, New York, and Pennsylvania. The information does not state whether Yale accepts unsolicited requests.
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The Breast Cancer Research Foundation Inc
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The Breast Cancer Research Foundation funds worldwide research to prevent and cure breast cancer, supporting scientists and projects at academic and medical institutions. Its 2025 grants had a median of $450,000, though awards varied widely; it discourages unsolicited funding requests and invites proposals through its Scientific Advisory Board.
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Total Given
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Cite this profile
Grantable. (2026). Society of Actuaries Research Institute funder profile. GrantGraph. Retrieved October 4, 2026, from https://grantable.co/funders/society-of-actuaries-research-institute-morg_cf752789bc95446c9153d7248a3e4930
BibTeX
@misc{grantable_362136422_2026,
author = {{Grantable}},
title = {{Society of Actuaries Research Institute funder profile}},
howpublished = {GrantGraph},
year = {2026},
url = {https://grantable.co/funders/society-of-actuaries-research-institute-morg_cf752789bc95446c9153d7248a3e4930},
note = {Accessed 2026-10-04. Data licensed CC BY 4.0}
}The figures on this page are open data under CC BY 4.0: reuse them with credit to Grantable and a link. Download the data.
Figures come from Society of Actuaries Research Institute's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.
Society of Actuaries Research Institute down — hundreds of funders to go?