2018-05-23T07:00:35-05:00 2017-12-31 390859910 BAKER TILLY VIRCHOW KRAUSE LLP 205 N MICHIGAN AVE 2800 CHICAGO IL 606015927 990 2017-01-01 363968441 THE ACTUARIAL FOUNDATION ACTU 8477063557 475 N MARTINGALE RD SUITE 600 SCHAUMBURG IL 60173 JASON LEPPIN EXECUTIVE DIRECTOR 8477063557 2018-05-17 1 MARK HEROUX P00959793 3127298000 2018-05-17 2017 2022-09-23 18:48:47Z JASON LEPPIN 475 N MARTINGALE RD STE 600 SCHAUMBURG IL 60173 1253530 0 X WWW.ACTUARIALFOUNDATION.ORG X 1994 IL CHANGING LIVES THROUGH MATH EDUCATION - IMAGINE A FUTURE WHERE (SEE SCHEDULE O) 29 29 0 29 0 0 1099832 1098833 0 0 133214 147021 3297 858 1236343 1246712 553458 484905 0 0 0 0 0 0 21253 483452 1026602 1036910 1511507 199433 -264795 6326711 6982766 255295 480162 6071416 6502604 X WE OFFER TEACHERS FREE MATH ENHANCEMENT MATERIALS FOR THEIR CLASSROOMS. WE PROVIDE INSIGHT FOR CONSUMERS TO EFFICIENTLY MANAGE CHANGING ECONOMIC SITUATIONS. WE PROVIDE ACTUARIES, RESEARCHERS, AND STUDENTS THE OPPORTUNITY TO BENEFIT FROM AWARDS AND SCHOLARSHIPS. 0 0 606808 258120 EDUCATIONTHE FOUNDATION ENCOURAGES NEW GENERATIONS OF MATHEMATICAL THINKERS BY CREATING AND DISTRIBUTING EDUCATIONAL MATERIALS TO TEACHERS AND STUDENTS IN GRADES 4-12. THESE FREE RESOURCES INCLUDE HANDS-ON PROJECTS, LESSON PLANS AND ONLINE ACTIVITIES THAT COVER A VARIETY OF MATHEMATICAL TOPICS AND FINANCIAL LITERACY THEMES.MODELING THE FUTURE CHALLENGE (MTF), IS A REVAMPED VERSION OF THE FOUNDATION'S PROJECT MATH MINDS, A CRITICAL THINKING, HANDS-ON MATHEMATICS CHALLENGE FOR HIGH SCHOOL STUDENTS FOR THE CHANCE TO EARN ONE OF THREE COLLEGE SCHOLARSHIPS TOTALING $55,000. THE 2017 COMPETITION WAS DEVELOPED WITH SUPPORT FROM THE CURRENT MTF CHALLENGES STUDENTS ACROSS THE NATION TO CREATE THE BEST MATHEMATICAL MODELS PROJECTING HOW AUTONOMOUS VEHICLES MIGHT CHANGE THE FUTURE OF TRANSPORTATION, INSURANCE AND SOCIETY AT LARGE. THEY WILL LEARN HOW MATHEMATICS APPLIES TO CUTTING-EDGE INDUSTRIES AND TECHNOLOGY, AS WELL AS HIGHLY SOUGHT-AFTER CAREERS AS ACTUARIES AND OTHER MATH-RELATED PROFESSIONS. FINALISTS WILL TRAVEL TO NEW YORK TO PRESENT THEIR PROJECT. THE AWARD-WINNING FINANCIAL LITERACY CURRICULUM RESOURCE, BUILDING YOUR FUTURE, HAS BEEN GIVEN TO MORE THAN 11,000 HIGH SCHOOL TEACHERS AND 450,000 STUDENTS NATIONWIDE. THE FREE BOOKLETS ARE DESIGNED TO HELP TEENS MASTER PERSONAL FINANCE PRINCIPLES AND PREPARE FOR A FINANCIALLY HEALTHY LIFE.EDUCATORS ARE DESPERATE FOR CLASSROOM RESOURCES AND SEEK A TRUSTED-PARTNER TO PROVIDE THE LATEST MATH AND FINANCIAL LITERACY EDUCATION TOOLS. THE FOUNDATION IS PROUD TO BE THAT PARTNER. MATH MOTIVATORS IS THE NEW TUTORING PROGRAM APPROVED FOR EXPANSION FOLLOWING A SUCCESSFUL PILOT IN CONNECTICUT. THE PROGRAM HELPS TO CLOSE THE ACHIEVEMENT GAP THROUGH A VOLUNTEER-DRIVEN SAT AND MATH TUTORING PROGRAM THAT PAIRS LOW INCOME URBAN HIGH SCHOOL STUDENTS WITH PROFESSIONAL ACTUARIES AND COLLEGE STUDENTS MAJORING IN ACTUARIAL SCIENCE, MATHEMATICS OR EDUCATION. 243436 200285 SCHOLARSHIPS: THE ACTUARIAL FOUNDATION ENSURES THE FUTURE OF THE ACTUARIAL PROFESSION THROUGH ITS SCHOLARSHIPS AND REIMBURSEMENT PROGRAMS. RECIPIENTS OF FOUNDATION SCHOLARSHIPS ARE SELECTED BY REPRESENTATIVES OF THE ACTUARIAL PROFESSION, WHO MAY ONE DAY BE THEIR PEERS. SO, NOT ONLY ARE THESE SCHOLARSHIPS A MEANS TO OFFSET THE COST OF EDUCATION, THEY ALSO SERVE AS A PRESTIGIOUS RECOGNITION BY A HIGHLY RATED PROFESSION. ACTUARY OF TOMORROW - STUART A. ROBERTSON MEMORIAL SCHOLARSHIP RECOGNIZES AND ENCOURAGES THE ACADEMIC ACHIEVEMENTS OF UNDERGRADUATE STUDENTS PURSUING A CAREER IN ACTUARIAL SCIENCE.THE CARIBBEAN ACTUARIAL SCHOLARSHIP IS INTENDED TO BE AN ANNUAL AWARD TO UNIVERSITY OF THE WEST INDIES (UWI) ACTUARIAL STUDENT(S) WHO DEMONSTRATE A STRONG RECORD OF ACCOMPLISHMENT, LEADERSHIP QUALITIES AND COMMITMENT TO BECOMING AN ACTUARY.THE ACTUARIAL DIVERSITY SCHOLARSHIP PROMOTES DIVERSITY WITHIN THE PROFESSION THROUGH AN ANNUAL SCHOLARSHIP PROGRAM FOR BLACK/AFRICAN AMERICAN, HISPANIC, NATIVE NORTH AMERICAN AND PACIFIC ISLANDER STUDENTS.THE CURTIS E. HUNTINGTON MEMORIAL SCHOLARSHIP APPLICANTS MUST BE A COLLEGE SENIOR WHO HAS SUCCESSFULLY COMPLETED AT LEAST ONE ACTUARIAL EXAMINATION. APPLICANT MUST RANK IN THE TOP QUARTER OF THEIR CLASS AND HAVE BEEN NOMINATED BY A PROFESSOR AT THEIR SCHOOL. 29580 26500 AWARDS AND PRIZES: THE ACTUARIAL FOUNDATION IS PROUD TO RECOGNIZE THE EXEMPLARY WORK OF INDIVIDUALS WHOSE WORK IS ADDING TO THE KNOWLEDGE OF THE ACTUARIAL FIELD AND ADVANCING THE SKILL SET OF THE PROFESSION. THE ERM RESEARCH EXCELLENCE AWARD IN MEMORY OF HUBERT MUELLER RECOGNIZES SIGNIFICANT CONTRIBUTIONS TO THE GROWING BODY OF ERM KNOWLEDGE AND RESEARCH. THE AWARD IS GIVEN ANNUALLY TO THE BEST OVERALL PAPER AT THE ERM SYMPOSIUM. THE WYNN KENT PUBLIC COMMUNICATION AWARD IS GIVEN TO MEMBERS OF THE ACTUARIAL PROFESSION WHO HAVE CONTRIBUTED TO THE PUBLIC AWARENESS OF THE WORK OF THE PROFESSION AND THE VALUE OF ACTUARIAL SCIENCE IN MEETING THE FINANCIAL SECURITY OF SOCIETY IN THE FIELDS OF LIFE, HEALTH, CASUALTY, PENSION AND OTHER RELATED AREAS. THE INTENT OF THE AWARD IS TO ENCOURAGE ACTUARIES TO ENGAGE IN ACTIVITIES THAT HIGHLIGHT THE ACTUARIAL PROFESSION'S ROLE IN FINANCIAL SECURITY ISSUES BENEFITING THE PUBLIC. 5554 5554 885378 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 0 1 1 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 7 0 1 0 0 0 0 0 0 0 0 0 X 29 29 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 0 0 0 IL X X TIFFANY BERGER 8477063620 475 N MARTINGALE ROAD STE 600 SCHAUMBURG IL 60173 X JOHN W EHRHARDT CHAIR 0.00 X X 0 0 0 JOSEPH A NICHOLS CHAIR-ELECT 0.00 X X 0 0 0 SARAH J HAMID SECRETARY-TREASURER 0.00 X X 0 0 0 PAMELA CONE TRUSTEE 0.00 X 0 0 0 RICHARD DE HAAN TRUSTEE 0.00 X 0 0 0 BRIAN DONLAN TRUSTEE 0.00 X 0 0 0 DAVID J FISHBAUM TRUSTEE 0.00 X 0 0 0 HELEN GALT TRUSTEE 0.00 X 0 0 0 ROY GOLDMAN TRUSTEE 0.00 X 0 0 0 JACQUES GOULET JR TRUSTEE 0.00 X 0 0 0 JANE L HAMRICK TRUSTEE 0.00 X 0 0 0 BARRY JACOBSON TRUSTEE 0.00 X 0 0 0 JEFFREY JOHNSON TRUSTEE 0.00 X 0 0 0 TONYA MANNING TRUSTEE 0.00 X 0 0 0 S MICHAEL MCLAUGHLIN JR TRUSTEE 0.00 X 0 0 0 MARGARET MILKINT TRUSTEE 0.00 X 0 0 0 KATHY ODOMIROK TRUSTEE 0.00 X 0 0 0 LISA M PAWLOWSKI TRUSTEE 0.00 X 0 0 0 PATRICIA ROTELLO TRUSTEE 0.00 X 0 0 0 JOHN J SCHUBERT TRUSTEE 0.00 X 0 0 0 CAROL R SEARS TRUSTEE 0.00 X 0 0 0 CLARK SLIPHER TRUSTEE 0.00 X 0 0 0 MICHAEL SMITH TRUSTEE 0.00 X 0 0 0 KEVIN THOMPSON TRUSTEE 0.00 X 0 0 0 DEWAYNE ULLSPERGER TRUSTEE 0.00 X 0 0 0 MICHAEL WACEK TRUSTEE 0.00 X 0 0 0 SUSAN WITCRAFT TRUSTEE 0.00 X 0 0 0 A GREIG WOODRING TRUSTEE 0.00 X 0 0 0 AMANDA E YOUNG TRUSTEE 0.00 X 0 0 0 0 0 0 0 0 0 0 0 1098833 30321 1098833 143774 143774 10065 6818 3247 3247 3247 MISCELLANEOUS SALES 900099 858 858 858 1246712 0 0 147879 451870 451870 5977 5977 27058 27058 28247 28247 23351 23351 12601 12601 112045 112045 284887 243300 21833 19754 15830 15830 20711 9436 11275 40757 40757 3407 3407 10377 10377 REIMBURSED EXP - WAGES 350603 110586 240017 REIMBURSED EXP - BENEFI 91043 31039 60004 PROFESSIONAL FEES 25496 5763 19733 STAFF TRAINING 7197 349 5349 1499 50 50 1511507 885378 604876 21253 88496 139298 268319 186674 292406 167349 7047 23908 26394 3405 0 22989 5670443 6442548 6326711 6982766 255295 480162 255295 480162 X 3659958 4126575 2411458 2376029 6071416 6502604 6326711 6982766 -264795 695983 0 X X 0 1 X 1 0 X 992384 1601262 921661 1099832 1098833 5713972 992384 1601262 921661 1099832 1098833 5713972 428379 5285593 113400 104619 129019 134120 143774 624932 3565 48548 3297 858 56268 6395172 0.82650 0.87460 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 26394 3405 22989 22989 X 2308611 695983 378516 1074499 1234112 12600 12600 1246712 1877423 378516 378516 1498907 12600 12600 1511507 PART X, LINE 2: THE FOUNDATION FOLLOWS THE ACCOUNTING STANDARDS FOR CONTINGENCIES IN EVALUATING UNCERTAIN TAX POSITIONS. THE GUIDANCE PRESCRIBES RECOGNITION THRESHOLD PRINCIPLES FOR THE FINANCIAL STATEMENT RECOGNITION OF TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN ON A TAX RETURN THAT ARE NOT CERTAIN TO BE REALIZED. NO LIABILITY HAS BEEN RECOGNIZED BY THE FOUNDATION FOR UNCERTAIN TAX POSITIONS AS OF DECEMBER 31, 2017 AND 2016. THE FOUNDATION'S TAX RETURNS ARE SUBJECT TO REVIEW AND EXAMINATION BY FEDERAL AND STATE AUTHORITIES. 0 0 0 0 0 0 0 0 0 0 NORTH AMERICA - CANADA AND MEXICO, BUT NOT THE UNITED STATES GRANT TO SUPPORT "ANALYSIS OF RISK TRANSFER MECHANISMS IN FUNDED PENSION SCHE 10000 WIRE NORTH AMERICA - CANADA AND MEXICO, BUT NOT THE UNITED STATES GRANT TO SUPPORT "HEDGING VARIABLE ANNUITIES UNDER STOCHASTIC VOLATILITY AND 3500 WIRE NORTH AMERICA - CANADA AND MEXICO, BUT NOT THE UNITED STATES OPINION MINING FOR INSURANCE COMPANIES 3000 WIRE 3 CARIBBEAN SCHOLARSHIP - SHILOH WAITE CENTRAL AMERICA AND THE CARIBBEAN 1 2000 WIRE CARIBBEAN SCHOLARSHIP - ONEKA TAYLOR CENTRAL AMERICA AND THE CARIBBEAN 1 500 WIRE CARIBBEAN SCHOLARSHIP - OSHEA L. MILLER CENTRAL AMERICA AND THE CARIBBEAN 1 500 WIRE CARIBBEAN SCHOLARSHIP - DANIELA WATSON CENTRAL AMERICA AND THE CARIBBEAN 1 1000 WIRE CARIBBEAN SCHOLARSHIP - SASHA WOODROFFE CENTRAL AMERICA AND THE CARIBBEAN 1 3500 WIRE ERM PRIZE 2017 - J.C. MCKENZIE SMITH CENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS, 1 2500 WIRE ELIZABETH M. MAURO AWARD - ABRAHAM BENEDID CENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS, 1 558 WIRE 0 0 0 0 0 0 1 NORTHEASTERN UNIVERSITY 360 HUNTINGTON AVE BOSTON MA 02115 041679980 501(C)(3) 2000 N/A N/A HUNTINGTON MEMORIAL SCHOLARSHIP ST JOHNS UNIVERSITY 101 ASTOR PL NEW YORK NY 10003 111630830 501(C)(3) 2000 N/A N/A HUNTINGTON MEMORIAL SCHOLARSHIP UNIVERSITY OF MICHIGAN-ANN ARBOR 515 E JEFFERSON ST ANN ARBOR MI 48109 386006309 501(C)(3) 2000 N/A N/A HUNTINGTON MEMORIAL SCHOLARSHIP RUTGERS UNIVERSITY 620 GEORGE ST NEW BRUNSWICK NJ 08901 226001086 501(C)(3) 2000 N/A N/A HUNTINGTON MEMORIAL SCHOLARSHIP ARIZONA STATE UNIVERSITY PO BOX 870412 TEMPE AZ 85287 860196696 501(C)(3) 2000 N/A N/A HUNTINGTON MEMORIAL SCHOLARSHIP UNIVERSITY OF ALABAMA 106 STUDENT SERVICES CENTER TUSCALOOSA AL 35487 636001138 501(C)(3) 2000 N/A N/A HUNTINGTON MEMORIAL SCHOLARSHIP ST THOMAS AQUINAS COLLEGE 125 ROUTE 340 SPARKILL NY 10976 132513162 501(C)(3) 2500 N/A N/A DIVERSITY SCHOLARSHIP THE OHIO 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4500 N/A N/A DIVERSITY SCHOLARSHIP COLUMBIA UNIVERSITY 525 W 120TH ST BOX 305 NEW YORK NY 10027 135598093 501(C)(3) 4500 N/A N/A DIVERSITY SCHOLARSHIP SAN JOSE STATE UNIVERSITY ONE WASHINGTON SQUARE SAN JOSE CA 95192 946017638 501(C)(3) 4500 N/A N/A DIVERSITY SCHOLARSHIP FERRIS STATE UNIVERSITY 1201 S STATE ST BIG RAPIDS MI 49307 386005159 501(C)(3) 3500 N/A N/A DIVERSITY SCHOLARSHIP CENTRAL CONNECTICUT STATE UNIVERSITY 1615 STANLEY ST NEW BRITAIN CT 06050 061303381 501(C)(3) 3500 N/A N/A DIVERSITY SCHOLARSHIP WALLA WALLA UNIVERSITY 204 S COLLEGE AVE COLLEGE PLACE WA 99324 910617727 501(C)(3) 2500 N/A N/A DIVERSITY SCHOLARSHIP FLORIDA INTERNATIONAL UNIVERSITY 11200 SW 8TH ST MIAMI FL 33199 650177616 501(C)(3) 2500 N/A N/A DIVERSITY SCHOLARSHIP FAIRLEIGH DICKINSON UNIVERSITY 285 MADISON AVE MADISON NJ 07940 221494434 501(C)(3) 2500 N/A N/A DIVERSITY SCHOLARSHIP MIAMI DADE COLLEGE 11011 SW 104TH ST MIAMI FL 33176 591210485 501(C)(3) 2500 N/A N/A DIVERSITY SCHOLARSHIP CENTRAL CONNECTICUT STATE UNIVERSITY 1615 STANLEY ST NEW BRITAIN CT 06050 061303381 501(C)(3) 2500 N/A N/A DIVERSITY SCHOLARSHIP CALIFORNIA STATE UNIVERSITY SACRAMENTO 6000 J STREET SACRAMENTO CA 95819 931150363 501(C)(3) 4500 N/A N/A DIVERSITY SCHOLARSHIP WEST CHESTER UNIVERSITY 25 UNIVERSITY AVE SUITE 050 WEST CHESTER PA 19383 232417773 501(C)(3) 1500 N/A N/A DIVERSITY SCHOLARSHIP CAL POLY STATE UNIVERSITY CAL POLY ADMINISTRATION 131-E SAN LUIS OBISPO CA 93407 952308831 501(C)(3) 1500 N/A N/A DIVERSITY SCHOLARSHIP UNIVERSITY OF MARYLAND COLLEGE PARK 7809 REGENTS DRIVE COLLEGE PARK MD 20742 526002033 501(C)(3) 1500 N/A N/A DIVERSITY SCHOLARSHIP SCHOLASTIC INC 2931 E MCCARTY ST JEFFERSON CITY MO 65102 133385513 501(C)(3) 240000 N/A N/A SUPPORT GRANT ADDISON MIDDLE SCHOOL 219 COMSTOCK STREET ADDISON MI 49221 382867998 501(C)(3) 10000 N/A N/A SUPPORT GRANT HARLEM ACADEMY 1330 FIFTH AVENUE NEW YORK NY 10026 562454573 501(C)(3) 2750 N/A N/A SUPPORT GRANT ROBERGE ELEMENTARY SCHOOL 617 WESTWOOD AVENUE RIVER 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UNIVERSITY OF ILLINOIS - URBANA CHAMPAIGN 620 E JOHN ST CHAMPAIGN IL 61820 376000511 501(C)(3) 2500 N/A N/A DIVERSITY SCHOLARSHIP UNIVERSITY OF NEBRASKA - LINCOLN PO BOX 880411 LINCOLN NE 68588 470049123 501(C)(3) 2000 N/A N/A HUNTINGTON MEMORIAL SCHOLARSHIP UNIVERSITY OF CALIFORNIA-SANTA BARBARA 2103 SAASB SANTA BARBARA CA 93106 956006145 501(C)(3) 3500 N/A N/A DIVERSITY SCHOLARSHIP WILLIAMS COLLEGE PO BOX 37 WILLIAMSTOWN MA 01269 042104847 501(C)(3) 3500 N/A N/A DIVERSITY SCHOLARSHIP UNITED WAY OF METROPOLITAN CHICAGO 333 S WABASH AVE 30TH FLOOR CHICAGO IL 60604 300200478 501(C)(3) 4952 N/A N/A SUPPORT GRANT GREEN VALLEY RANCH HIGH SCHOOL 4800 TELLURIDE ST BUILDING 2 DENVER CO 80249 841602733 501(C)(3) 500 N/A N/A MODELING THE FUTURE COCHRANE-FOUNTAIN CITY SCHOOL DISTRICT S2770 - 35 FOUNTAIN CITY WI 54629 396023973 501(C)(3) 500 N/A N/A MODELING THE FUTURE HARRISONBURG HIGH SCHOOL 1001 GARBERS CHURCH ROAD HARRISONBURG HIGH SCHO VA 22801 541546731 501(C)(3) 500 N/A N/A MODELING THE FUTURE DANVILLE HIGH SCHOOL 202 E FAIRCHILD AVE DANVILLE IL 61832 376004781 501(C)(3) 500 N/A N/A MODELING THE FUTURE UNIVERSITY OF ILLINOIS 1901 S FIRST ST SUITE A M/C 685 CHAMPAIGN IL 61820 376000511 501(C)(3) 5000 N/A N/A SUPPORT GRANT ACHIEVEMENT FIRST HARTFORD ACADEMY HIGH SCHOOL 305 GREENFIELD ST HARTFORD CT 06112 262236909 501(C)(3) 3000 N/A N/A GRANT FOR MATH TUTORING FRIENDS OF COLUMBIA SECONDARY SCHOOL 425 WEST 123RD NEW YORK NY 10027 361146491 501(C)(3) -9426 N/A N/A RETURN OF GRANT - ADVANCING STUDENT ACHIEVEMENT UNIVERSITY OF WISCONSIN-MADISON 333 EAST CAMPUS MALL 10501 MADISON WI 53715 396006492 501(C)(3) 4500 N/A N/A DIVERSITY SCHOLARSHIP 70 0 ERM PRIZE 2017 1 2500 SCHOLARSHIP ELIZABETH M. MAURO AWARD 4 3477 SCHOLARSHIP SCHEDULE I, PT I LINE 2: SCHEDULED INTERVALS OVER THE TIME OF THE GRANT. X 1 30321 FMV 0 1 0 FORM 990, PART I, LINE 1: EVERY AMERICAN HAS THE OPPORTUNITY TO BE FINANCIALLY SECURE. A FUTURE WHERE FINANCIAL WORRIES AND STRESSES ALL BUT DISAPPEAR. THROUGH THE UNIQUE TALENTS OF ACTUARIES, THAT DREAM CAN BECOME A REALITY BEGINNING TODAY WITH MATH EDUCATION. IT IS NOW MORE IMPORTANT THAN EVER TO HARNESS THE MATHEMATICAL POTENTIAL OF OUR YOUTH. ECONOMIC DEVELOPMENT AND GROWTH IS CONTINGENT ON INDIVIDUALS RECEIVING A QUALITY MATH EDUCATION TO ENSURE CONTINUED TECHNOLOGICAL AND SCIENTIFIC PROGRESS. BY MAKING MATH MORE APPEALING TO YOUNGER GENERATIONS, WE CAN INSPIRE THEM TO CHOOSE DEGREES AND CAREERS THAT WILL HELP THEM MEANINGFULLY CONTRIBUTE TO THEIR COMMUNITIES AND SECURE THEIR FINANCIAL WELL-BEING. PROBLEM-SOLVING SKILLS ARE ESSENTIAL IN A PERSON'S WORK AND PERSONAL LIFE. WHAT TEACHES PEOPLE TO THINK CRITICALLY AND SOLVE CHALLENGES? MATH. EVERY DAY, IN MANY WAYS, MATH IMPACTS THE WORLD. THAT IS WHY THE ACTUARIAL FOUNDATION STRIVES TO EQUIP THE PUBLIC WITH THE TOOLS IT NEEDS TO MAKE INFORMED DECISIONS AND CULTIVATE THE NEXT GENERATION OF MATH-SKILLED THINKERS. FORM 990, PART III, LINE 4D: FROM YOUNG TO OLD, FROM UNDERGRADUATES TO THOSE CHANGING CAREERS, FROM THE DISADVANTAGED TO THE GIFTED, THE FOUNDATION CHANGES LIVES THROUGH MATH EDUCATION, PROMOTES THE ACTUARIAL PROFESSION AND CULTIVATES THE NEXT GENERATION OF ACTUARIES THROUGH VARIOUS SCHOLARSHIP PROGRAMS. FIFTY ONE PERCENT OF ALL SCHOLARSHIP RECIPIENTS ACHIEVE ACTUARIAL DESIGNATION. IN 2016, THE FOUNDATION AWARDED 48 DIVERSITY SCHOLARSHIPS. IN 2016, THE ACTUARY OF TOMORROW STUART A. ROBERTSON MEMORIAL SCHOLARSHIP, THE CURTIS E. HUNTINGTON MEMORIAL SCHOLARSHIP AND THE CARIBBEAN ACTUARIAL SCHOLARSHIP AWARDED STUDENTS PURSUING STUDIES IN MATH AND ACTUARIAL SCIENCE WITH 15 SCHOLARSHIPS WORTH $44,000, WHILE THE ACTUARY A CAREER CHANGE: ELIZABETH M. MAURO REIMBURSEMENT PROGRAM PROVIDED 7 INDIVIDUALS MAKING THE TRANSITION TO THE ACTUARIAL PROFESSION WITH $7,000 IN AID. FORM 990, PART VI, SECTION B, LINE 11B THE SECRETARY/TREASURER HAS REVIEWED THE 990 ON BEHALF OF THE BOARD. FORM 990, PART VI, SECTION B, LINE 12A: MEMBERS OF THE GOVERNING BODY ARE REQUIRED TO SIGN A CONFLICT OF INTEREST STATEMENT ANNUALLY. FORM 990, PART VI, SECTION B, LINE 12C THE COMPENSATION COMMITTEE GATHERS INFORMATION REGARDING THE EXECUTIVE DIRECTOR'S SALARY ANNUALLY AND DOCUMENTS PERFORMANCE ALONG WITH ANY MERIT INCREASE. FORM 990, PART VI, SECTION C, LINE 19 IF REQUESTED, A COPY OF THE 990 IS SENT VIA MAIL OR EMAIL TO THE PARTY REQUESTING. FORM 990, PART XII, LINE 2C: THE ORGANIZATION NEITHER CHANGED THE OVERSIGHT PROCESS OR THE SELECTION PROCESS DURING THE TAX YEAR.