The Actuarial Foundation
The Actuarial Foundation, a 501(c)(3) organization, is a philanthropic partner of the actuarial professionin the united states. Since 1994, the foundation has led the way to create quality math education initiatives for students, teachers, and families. Our mission is to unleash the power of math education and transform futures by leveraging the talents and resources of the actuarial community. Our vision is a future where everyone experiences confidence and opportunities available through math proficiency.
The Actuarial Foundation at a glance
In short: The Actuarial Foundation gave $971K across 4 grants in 2025 (avg $243K), mostly in Minnesota. Source: 2025 IRS Form 990.
- Annual giving (2025)
- $971,031
- +14838.9% vs 2024
- Grants made (2025)
- 4
- Average grant
- $242,758
- Median grant
- $65,234
- Total assets
- $3,814,321
- -27.8% vs 2024
- Primary geography
- Minnesota (83% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990, 2025 View filing
Data from IRS Form 990, 2025; updated September 2026.
How to apply to The Actuarial Foundation
Open Grants
4 open opportunities from The Actuarial Foundation
Math Motivators Tutoring Program
The Actuarial Foundation
Amount
Varies
Deadline
Deadline not published
Modeling the Future Challenge (MTFC)
The Actuarial Foundation
Amount
Varies
Deadline
Deadline not published
STEM Stars Actuarial Scholars Program
The Actuarial Foundation
Amount
Varies
Deadline
Deadline not published
Who The Actuarial Foundation funds
How this funder distributes its grants
Top Recipients
Top 4 recipients in 2025
The largest 2025 recipient was Scholarship America ($810K). Together the top 4 received $971K.
Grant Size Distribution
5 grants across all recorded years
The most common grant size was under $50K: 3 grants of 5 (60%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 4 itemized grants.
Cities
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2021 to 2025, annual grant giving ranged from $7K (2024) to $971K (2025). In 2025 it made 4 grants totaling $971K.
Hatched bars: grants paid as reported on the IRS filing, which lists no individual grants for that year.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Scholarship America Minneapolis, MN | Support Reimbursements for Those Complete Actuarial Exams | $810,200 |
| Society of Actuaries Research Institute Chicago, IL | Provide incentive for authors to submit relevant papers for symposium | $98,223 |
| Casualty Actuarial Society Trust Arlington, VA | Support Reimbursements for Those Complete Actuarial Exams | $32,245 |
| American Foundation for University of the West Indies Inc New York City, NY | Scholarships for 2ND or 3RD Year Actuarial Students | $30,363 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Net Investment Income |
|---|---|---|---|---|---|---|
| 2025 | $3,814,321 | $3,232,923 | $4,551,413 | $971,031 | 4 | $130,913 |
| 2024 | $5,284,021 | $3,996,798 | $5,300,168 | $6,500 | Total only | $1,082,379 |
| 2023 | $7,379,506 | $3,853,775 | $5,262,124 | $9,500 | Total only | $600,233 |
| 2022 | $9,127,147 | $3,775,493 | $4,248,343 | $13,000 | Total only | $504,369 |
| 2021 | $10,250,816 | $2,780,506 | $2,705,605 | $8,461 | 1 | $424,576 |
"Total only": grants paid as reported on the IRS filing, which lists no individual grants for that year.
About The Actuarial Foundation
Based on IRS filings
The Actuarial Foundation is a public charity focused on Education, based in Schaumburg, IL. IRS filing data is available from 2021 through 2025. As of 2025, the organization holds $3.8M in total assets. In 2025, it awarded 4 grants totaling $971K. Net investment income was $131K.
Focus Areas
Leadership & Key People
Officers and directors from IRS filings
The Actuarial Foundation is led by Valerie Thompson, Executive Director on every filing since 2024; 2 of 31 officers listed in 2025 are compensated.
Officers on the 2025 filing
Valerie Thompson
Executive Director
On filings since 2024
40 hrs/week
$146K (2024) → $240K (2025)
Sharon Robinson
Chair
Chair-Elect → Chair, 2025
On filings since 2023
1 hr/week
No compensation reported
Michael Marion
Director of Development
New on the 2025 filing
40 hrs/week
$118K (2025)
Jeremy Engdahl-Johnson
Trustee
On filings since 2021
1 hr/week
No compensation reported
Steve White
Trustee
On filings since 2022
1 hr/week
No compensation reported
Alexander D. Dewitt
Trustee
On filings since 2023
1 hr/week
No compensation reported
Cande Olsen
Trustee
On filings since 2023
1 hr/week
No compensation reported
Chad Wischmeyer
Trustee
On filings since 2023
1 hr/week
No compensation reported
Cynthia Edwalds
Trustee
On filings since 2023
1 hr/week
No compensation reported
Emily Gingrich
Trustee
On filings since 2023
1 hr/week
No compensation reported
Eric C. Sherman
Trustee
On filings since 2023
1 hr/week
No compensation reported
Jerry Mingione
Trustee
On filings since 2023
1 hr/week
No compensation reported
Kassie Maroney
Trustee
On filings since 2023
1 hr/week
No compensation reported
Lela Patrik
Trustee
On filings since 2023
1 hr/week
No compensation reported
Nadine Orloff
Trustee
On filings since 2023
1 hr/week
No compensation reported
Nora Benanti
Trustee
On filings since 2023
1 hr/week
No compensation reported
Olga T. Jacobs
Trustee
On filings since 2023
1 hr/week
No compensation reported
Richard Jones
Trustee
On filings since 2023
1 hr/week
No compensation reported
Richard Veys
Trustee
On filings since 2023
1 hr/week
No compensation reported
Steve Rominske
Trustee
On filings since 2023
1 hr/week
No compensation reported
Ted A. Lyle
Trustee
On filings since 2023
1 hr/week
No compensation reported
Travis Lappe
Trustee
On filings since 2023
1 hr/week
No compensation reported
Stewart Ashkenazy
Trustee
On filings since 2024
1 hr/week
No compensation reported
Alejandra Nolibos
Trustee
New on the 2025 filing
1 hr/week
No compensation reported
Barry Jacobsen
Trustee
New on the 2025 filing
1 hr/week
No compensation reported
Eric Clapprood
Trustee
New on the 2025 filing
1 hr/week
No compensation reported
Felix Okwaning
Trustee
New on the 2025 filing
1 hr/week
No compensation reported
Steven A. Esenstein
Trustee
New on the 2025 filing
1 hr/week
No compensation reported
Anand Khare
Secretary Treasurer
On filings since 2023
1 hr/week
No compensation reported
Andy Ferris
Immediate Past Chair
Chair → Immediate Past Chair, 2025
On filings since 2023
1 hr/week
No compensation reported
Kelly Cusick
Chair-Elect
Trustee → Chair-Elect, 2025
On filings since 2023
1 hr/week
No compensation reported
Former officers (45)
- Former: Jason Leppin (2021–2024) — Prior Executive Director
- Former: Andie Christopherson (2023–2024) — Trustee
- Former: Craig Buck (2023–2024) — Trustee
- Former: Elizabeth Sander (2023–2024) — Trustee
- Former: Jeffrey Johnson (2023–2024) — Trustee
- Former: Joanne Spalla (2023–2024) — Trustee
- Former: Steve Eisenstein (2023–2024) — Trustee
- Former: Melissa Hollis (2023) — Trustee
- Former: Andy Ferris Fsa Maaa Fca (2021–2022) — Secretary Treasurer
- Former: Benjamin Ybarra (2021–2022) — Trustee
- Former: Chad C. Wischmeyer Fcas Maaa (2021–2022) — Trustee
- Former: Dewaye Ullsperger Asa Maaa Fsa (2021–2022) — Iaa - Trustee
- Former: Eric C. Sherman Fsa Maaa (2021–2022) — Trustee
- Former: Jeffrey Johnson Maaa Fsa (2021–2022) — Trustee
- Former: Joanne Spalla Maaa Fcas (2021–2022) — Trustee
- Former: Kathy Odomirok Fcas Maaa (2021–2022) — Trustee
- Former: Margaret Resce Milkint (2021–2022) — Chair
- Former: Michael Wacek Fcas Cera Maaa (2021–2022) — Chair-Elect & Trustee
- Former: Nadine Orloff Fas Ea Maaa Fca (2021–2022) — Trustee
- Former: Olga T. Jacobs Fsa Maaa (2021–2022) — Trustee
- Former: Patricia Rotello Fca Fsa Ea Iaa (2021–2022) — Trustee
- Former: Sharon Robinson Fcas Maaa (2021–2022) — Trustee
- Former: Ted A. Lyle Fsa Maaa (2021–2022) — Trustee
- Former: Alexander Dewitt Fcas (2022) — Trustee
- Former: Andie Christopherson Fsa Maaa (2022) — Trustee
- Former: Bob Conger Fcas Maaa (2022) — Trustee
- Former: Cande Olsen Fsa Maaa Clu (2022) — Trustee
- Former: Cynthia Edwalds Fsa Fcas Maaa (2022) — Trustee
- Former: Emily Gingrich Fsa Ea Fca (2022) — Trustee
- Former: Jerry Mingione Fca Maaa Fsa Ea (2022) — Cera & Trustee
- Former: Jessica Leong (2022) — Trustee
- Former: Kelly Cusick Acas Maaa (2022) — Trustee
- Former: Nora Benanti Fcas (2022) — Trustee
- Former: Richard Jones Fsa Ea (2022) — Trustee
- Former: Steve Eisenstein Fca Maaa Fsa Ea (2022) — Trustee
- Former: Barry Jacobson Fsa (2021) — Trustee
- Former: Brian Donlan Fcas Maaa (2021) — Trustee
- Former: Clark Slipher Fsa Maaa (2021) — Immediate Past Chair
- Former: Richard De Haan Fsa Fia Maaa (2021) — Trustee
- Former: Roosevelt Mosley Fcas Maaa (2021) — Trustee
- Former: Sanda Z. Brown (2021) — Trustee
- Former: Sarah J. Hamid Fsa Fcia Maaa (2021) — Trustee
- Former: Susan Witcraft Fcas Cera (2021) — Trustee
- Former: Timothy L. Graham (2021) — Trustee
- Former: Tonya Manning Fsa Fca Ea Maaa (2021) — Trustee
Data from IRS Form 990 filings, 2021–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2025 IRS filing
The highest reported compensation on the 2025 filing was $240K, to Valerie Thompson (Executive Director). 2 officers or directors reported compensation on that filing.
Frequently asked questions about The Actuarial Foundation
How much does The Actuarial Foundation give each year?
The Actuarial Foundation gave $971K across 4 grants in 2025, according to its 2025 IRS Form 990. In 2024 it reported $7K in grants paid.
What is The Actuarial Foundation's typical grant size?
The Actuarial Foundation's median grant in 2025 was $65,234, and its average grant was $242,758, across 4 grants on its 2025 IRS Form 990.
Where does The Actuarial Foundation give grants?
The Actuarial Foundation gives mostly in Minnesota: 83% of the grant dollars itemized on its 2025 IRS Form 990 went to recipients there. The next largest state was Illinois (10%).
Does The Actuarial Foundation give general operating support?
Not in 2025: none of the 4 grants with a stated purpose on The Actuarial Foundation's 2025 IRS Form 990 were described as general or operating support.
How large is The Actuarial Foundation?
The Actuarial Foundation reported $3.8M in total assets on its 2025 IRS Form 990. Its revenue that year was $3.2M.
What is The Actuarial Foundation?
The Actuarial Foundation is a public charity focused on Education, based in Schaumburg, IL. It holds $3.8M in total assets as of 2025.
What is The Actuarial Foundation's EIN?
The Actuarial Foundation's EIN (Employer Identification Number) is 36-3968441. IRS Form 990 filing data is available on this page for 2021–2025.
Data last updated September 2026. Sourced from IRS Form 990 filings.
Data update history
(6)
When this profile's IRS filing data changed on Grantable
- Updated Form 990 for fiscal year 2021 (received by the IRS April 14, 2022)
- Updated Form 990 for fiscal year 2022 (received by the IRS March 21, 2023)
- Updated Form 990 for fiscal year 2023 (received by the IRS April 6, 2024)
- Updated Form 990 for fiscal year 2024 (received by the IRS April 3, 2025)
- Updated Form 990 for fiscal year 2025 (received by the IRS March 31, 2026)
- IRS filings on file for fiscal years 2021–2025
Live grants for the work The Actuarial Foundation funds
Education Open opportunities, soonest deadline first.
Explore Open Grants
Browse active grant opportunities in The Actuarial Foundation's focus areas in our free grants database
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