Supports the next generation of property and casualty actuaries and furthers the development and dissemination of actuarial research, education, scholarships, and professional credentials.
The Casualty Actuarial Society centers its grantmaking on the next generation of property and casualty actuaries, with research and education awards that support actuarial science, scholarships, and professional credentials. Its recent grants show a clear pattern of backing both technical work and the organizations that sustain the profession. One of the largest awards went to Octagram LLC for actuarial research, and another major grant supported the Society of Actuaries Research Institute for actuarial research. The foundation also funds administrative support for professional groups such as the Actuarial Foundation, the Network of Actuarial Women and Allies, and the Organization of Latino Actuaries. These awards align with active programs that solicit research proposals on ratemaking, customer lifetime value pricing, large language models for property and casualty actuarial use, and climate-related bias in geographical ratemaking. The result is a funder that uses grants to extend actuarial research capacity, support professional infrastructure, and advance applied work in property and casualty insurance.
Actuarial research is the clearest throughline in the grant list. The Casualty Actuarial Society gave $44,500 to the Society of Actuaries Research Institute in 2024 and $35,100 to Risk & Regulatory Consulting LLC in 2025, both for actuarial research. It also supported Purdue University, Milliman Inc, Middle Tennessee State University, and Bentley University for research work. The society also funds professional association infrastructure. In 2025 it gave $35,000 to the Network of Actuarial Women and Allies for administration of the association, and it made similar administrative grants to the International Association of Black Actuaries and the Organization of Latino Actuaries. A third area is specialized property and casualty research. Current RFPs include work on customer lifetime value pricing, adapting large language models for specialized P&C actuarial reasoning, and a Canada-focused study of bias or unfair discrimination in geographical ratemaking influenced by climate risks.
Typical grants cluster in the low-to-mid five figures: p25 is $7,428, median is $12,500, and p75 is $32,500. The recent record includes repeated support for some recipients across years, such as the Actuarial Foundation and the Organization of Latino Actuaries, which both received grants in 2024 and 2025. The society appears to operate through targeted research awards, RFPs, and administrative support for professional organizations rather than individual giving. It also accepts unsolicited proposals for several research opportunities, including the individual grants competition and multiple RFPs.
$323K
$36.3M
$24M
$22.3M
Most grants fall between $7K and $33K, with a median of $13K.
25th Percentile
$7K
Median
$13K
75th Percentile
$33K
About 2% of grants go to recipients in IL.
VICTOR R CARTER-BEY
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Giving is national, and all recent grants in the dataset went to U.S. recipients. The highest concentration is in New York by grant count, though recent awards are spread across Illinois, California, and other states. Recent recipient locations include Chicago, IL; West Hartford, CT; New York, NY; and Cambridge, MD. No grants in the recent list went to recipients in Virginia, despite the headquarters being in Arlington.
The society funds actuarial research, professional association administration, and scholarship-related support. Recent grants include actuarial research awards to Octagram LLC and the Society of Actuaries Research Institute, plus administrative funding for the Actuarial Foundation and the Network of Actuarial Women and Allies.
Yes. Active opportunities include Requests for Proposals on customer lifetime value pricing, adapting large language models for specialized property and casualty actuarial use, and Canada-focused research on geographical ratemaking bias linked to climate risk. Several of these opportunities accept unsolicited proposals.
Recent grantees include research firms, universities, and professional associations. Examples from the grant list include Purdue University, Milliman Inc, the Organization of Latino Actuaries, and the International Association of Black Actuaries.
Yes. The Actuarial Foundation received $40,000 in both 2024 and 2025 for administration, and the Organization of Latino Actuaries received $20,000 in both years for administration. Bentley University also appears in both 2024 and 2025 for actuarial research.
The distribution is centered on smaller awards: p25 is $7,428, the median is $12,500, and p75 is $32,500. Recent grants range from $5,833 to $50,000, with multiple awards in the $6,000 to $20,000 range.
2026
Source: IRS Form 990-PF, fiscal year 2026.
Most recent grants reported to the IRS.
| Recipient | Location | Amount | Year | Purpose |
|---|---|---|---|---|
| THE ACTUARIAL FOUNDATION | CHICAGO, IL | $140,000 | 2026 | TO PROVIDE FUNDING FOR ADMINISTRATION OF ORGANIZATION |
| INTERNATIONAL ASSOCIATION OF BLACK ACTUARIES | CLEVELAND, OH | $65,000 | 2026 | TO PROVIDE FUNDING FOR ADMINISTRATION OF ORGANIZATION |
| PINNACLE ACTUARIAL RESOURCES INC | BLOOMINGTON, IL | $22,500 | 2026 | ACTUARIAL RESEARCH |
| ORGANIZATION OF LATINO ACTUARIES | CHICAGO, IL | $22,500 | 2026 | TO PROVIDE FUNDING FOR ADMINISTRATION OF ORGANIZATION |
| NATIONAL COLLEGE RESOURCES FOUNDATION | WALNUT, CA | $15,000 | 2026 | SPONSORSHIP |
| UNIVERSITY OF TEXAS-DALLAS | RICHARDSON, TX | $11,667 | 2026 | ACTUARIAL RESEARCH |
| AMERICAN INDIAN SCIENCE ENGINEERING SOCIETY | ALBUQUERQUE, NM | $8,100 | 2026 | SPONSORSHIP, ACRUARIAL CAREER AD PLACEMENTS |
| STEM MUSE PBC LLC | AUSTIN, TX | $7,500 | 2026 | SPONSORSHIP |
| UMCES (UNIVERSITY OF MARYLAND CENTER FOR ENVIRONMENTAL SCIENCE) | CAMBRIDGE, MD | $7,428 | 2026 | ACTUARIAL RESEARCH |
| SOCIETY OF WOMEN ENGINEERS | CHICAGO, IL | $7,000 | 2026 | SPONSORSHIP |
| MIDDLE TENNESSEE STATE UNIVERSITY | MURFREESBORO, TN | $5,993 | 2026 | ACTUARIAL RESEARCH |
| NATIONAL SOCIETY OF BLACK ENGINEERS | ALEXANDRIA, VA | $5,575 | 2026 | SPONSORSHIP |
| ILLINOIS STATE UNIVERSITY | NORMAL, IL | $5,183 | 2026 | ACTUARIAL RESEARCH |
| OCTAGRAM LLC | GURNEE, IL | $50,000 | 2025 | ACTUARIAL RESEARCH |
| THE ACTUARIAL FOUNDATION | CHICAGO, IL | $40,000 | 2025 | TO PROVIDE FUNDING FOR ADMINISTRATION OF THE FOUNDATION. |
| RISK & REGULATORY CONSULTING LLC | CHICAGO, IL | $35,100 | 2025 | ACTUARIAL RESEARCH |
| NETWORK OF ACTUARIAL WOMEN AND ALLIES | CHICAGO, IL | $35,000 | 2025 | TO PROVIDE FUNDING FOR ADMINISTRATION OF THE ASSOCIATION. |
| INTERNATIONAL ASSOCIATION OF BLACK ACTUARIES | CLEVELAND, OH | $32,500 | 2025 | TO PROVIDE FUNDING FOR ADMINISTRATION OF THE ASSOCIATION. |
| ORGANIZATION OF LATINO ACTUARIES | CHICAGO, IL | $20,000 | 2025 | TO PROVIDE FUNDING FOR ADMINISTRATION OF THE ORGANIZATION. |
| SOA RESEARCH INSTITUTE | CHICAGO, IL | $10,000 | 2025 | ACTUARIAL RESEARCH |
| STEM MUSE PBC LLC | AUSTIN, TX | $10,000 | 2025 | ACTUARIAL RESEARCH |
| GUY CARPENTER & COMPANY LLC | NEW YORK, NY | $8,333 | 2025 | ACTUARIAL RESEARCH |
| ILLINOIS STATE UNIVERSITY | NORMAL, IL | $7,500 | 2025 | ACTUARIAL RESEARCH |
| THE UNIVERSITY OF ALABAMA | TUSCALOOSA, AL | $6,667 | 2025 | ACTUARIAL RESEARCH |
| BENTLEY UNIVERSITY | WALTHAM, MA | $6,000 | 2025 | ACTUARIAL RESEARCH |
| SOCIETY OF HISPANIC PROFESSIONAL ENGINEERS | LA PUENTE, CA | $6,000 | 2025 | TO PROVIDE FUNDING FOR ADMINISTRATION OF THE ASSOCIATION. |
| UNIVERSITY OF TEXAS-DALLAS | RICHARDSON, TX | $5,833 | 2025 | ACTUARIAL RESEARCH |
| SOA RESEARCH INSTITUTE | CHICAGO, IL | $44,500 | 2024 | ACTUARIAL RESEARCH |
| THE ACTUARIAL FOUNDATION | SCHAUMBURG, IL | $40,000 | 2024 | TO PROVIDE FUNDING FOR ADMINISTRATION OF THE FOUNDATION. |
| INTERNATIONAL ASSOCIATION OF BLACK ACTUARIES INC | WEST HARTFORD, CT | $32,500 | 2024 | TO PROVIDE FUNDING FOR ADMINISTRATION OF THE ASSOCIATION |
| INSURANCE INFORMATION INSTITUTE | MALVERN, PA | $30,000 | 2024 | ACTUARIAL RESEARCH |
| ORGANIZATION OF LATINO ACTUARIES | CHICAGO, IL | $20,000 | 2024 | TO PROVIDE FUNDING FOR ADMINISTRATION OF THE ORGANIZATION. |
| PURDUE UNIVERSITY | WEST LAFAYETTE, IN | $16,000 | 2024 | ACTUARIAL RESEARCH |
| MILLIMAN INC | SAN FRANCISCO, CA | $12,500 | 2024 | ACTUARIAL RESEARCH |
| MIDDLE TENNESSEE STATE UNIVERSITY | MURFREESBORO, TN | $11,250 | 2024 | ACTUARIAL RESEARCH |
| UNIVERSITY OF MARYLAND CENTER FOR ENVIRONMENTAL SCIENCE | CAMBRIDGE, MD | $7,428 | 2024 | ACTUARIAL RESEARCH |
| ILLINOIS STATE UNIVERSITY | NORMAL, IL | $6,342 | 2024 | ACTUARIAL RESEARCH |
| BENTLEY UNIVERSITY | WALTHAM, MA | $6,000 | 2024 | ACTUARIAL RESEARCH |
| THE ACTUARIAL FOUNDATION | SCHAUMBURG, IL | $102,660 | 2023 | TO PROVIDE FUNDING FOR ADMINISTRATION OF THE FOUNDATION. |
| INTERNATIONAL ASSOCIATION OF BLACK ACTUARIES INC | WEST HARTFORD, CT | $30,000 | 2023 | TO PROVIDE FUNDING FOR ADMINISTRATION OF THE ASSOCIATION |
| ORGANIZATION OF LATINO ACTUARIES | CHICAGO, IL | $20,000 | 2023 | TO PROVIDE FUNDING FOR ADMINISTRATION OF THE ORGANIZATION. |
TO PROVIDE FUNDING FOR ADMINISTRATION OF ORGANIZATION
INTERNATIONAL ASSOCIATION OF BLACK ACTUARIES
$65,000TO PROVIDE FUNDING FOR ADMINISTRATION OF ORGANIZATION
PINNACLE ACTUARIAL RESOURCES INC
$22,500ACTUARIAL RESEARCH
ORGANIZATION OF LATINO ACTUARIES
$22,500TO PROVIDE FUNDING FOR ADMINISTRATION OF ORGANIZATION
UNIVERSITY OF TEXAS-DALLAS
ACTUARIAL RESEARCH
SPONSORSHIP, ACRUARIAL CAREER AD PLACEMENTS
STEM MUSE PBC LLC
$7,500SPONSORSHIP
UMCES (UNIVERSITY OF MARYLAND CENTER FOR ENVIRONMENTAL SCIENCE)
$7,428ACTUARIAL RESEARCH
ILLINOIS STATE UNIVERSITY
$5,183ACTUARIAL RESEARCH
OCTAGRAM LLC
$50,000ACTUARIAL RESEARCH
TO PROVIDE FUNDING FOR ADMINISTRATION OF THE FOUNDATION.
RISK & REGULATORY CONSULTING LLC
$35,100ACTUARIAL RESEARCH
NETWORK OF ACTUARIAL WOMEN AND ALLIES
$35,000TO PROVIDE FUNDING FOR ADMINISTRATION OF THE ASSOCIATION.
INTERNATIONAL ASSOCIATION OF BLACK ACTUARIES
$32,500TO PROVIDE FUNDING FOR ADMINISTRATION OF THE ASSOCIATION.
ORGANIZATION OF LATINO ACTUARIES
$20,000TO PROVIDE FUNDING FOR ADMINISTRATION OF THE ORGANIZATION.
SOA RESEARCH INSTITUTE
$10,000ACTUARIAL RESEARCH
STEM MUSE PBC LLC
$10,000ACTUARIAL RESEARCH
GUY CARPENTER & COMPANY LLC
$8,333ACTUARIAL RESEARCH
ILLINOIS STATE UNIVERSITY
$7,500ACTUARIAL RESEARCH
THE UNIVERSITY OF ALABAMA
$6,667ACTUARIAL RESEARCH
TO PROVIDE FUNDING FOR ADMINISTRATION OF THE ASSOCIATION.
UNIVERSITY OF TEXAS-DALLAS
$5,833ACTUARIAL RESEARCH
SOA RESEARCH INSTITUTE
$44,500ACTUARIAL RESEARCH
TO PROVIDE FUNDING FOR ADMINISTRATION OF THE FOUNDATION.
INTERNATIONAL ASSOCIATION OF BLACK ACTUARIES INC
$32,500TO PROVIDE FUNDING FOR ADMINISTRATION OF THE ASSOCIATION
INSURANCE INFORMATION INSTITUTE
$30,000ACTUARIAL RESEARCH
ORGANIZATION OF LATINO ACTUARIES
$20,000TO PROVIDE FUNDING FOR ADMINISTRATION OF THE ORGANIZATION.
PURDUE UNIVERSITY
$16,000ACTUARIAL RESEARCH
MILLIMAN INC
$12,500ACTUARIAL RESEARCH
MIDDLE TENNESSEE STATE UNIVERSITY
$11,250ACTUARIAL RESEARCH
UNIVERSITY OF MARYLAND CENTER FOR ENVIRONMENTAL SCIENCE
$7,428ACTUARIAL RESEARCH
ILLINOIS STATE UNIVERSITY
$6,342ACTUARIAL RESEARCH
TO PROVIDE FUNDING FOR ADMINISTRATION OF THE FOUNDATION.
INTERNATIONAL ASSOCIATION OF BLACK ACTUARIES INC
$30,000TO PROVIDE FUNDING FOR ADMINISTRATION OF THE ASSOCIATION
ORGANIZATION OF LATINO ACTUARIES
$20,000TO PROVIDE FUNDING FOR ADMINISTRATION OF THE ORGANIZATION.
Current and upcoming funding from Casualty Actuarial Society that your nonprofit may be able to apply for.
Who can apply: Researchers (inside and outside insurance industry) may apply; details vary by year/competition.
Deadline: Announced per competition (annual competition cycle). Specific deadline varies by year and is communicated in the competition announcement.
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