Advance actuarial knowledge and research to benefit the actuarial profession and public by supporting, publishing and promoting research, education, and professional development.
The Society of Actuaries channels major support into actuarial research through its own Research Institute, which received the largest recent grants at $569,410 in 2024 and $417,436 in 2025. That pattern points to a funder that backs its own research infrastructure as well as external partners. It also funded The Actuarial Foundation at $525,000 in 2023 and $320,000 in 2025, showing sustained support for actuarial education and scholarship-related work. Beyond those core relationships, the society funds university-based research and training, diversity grants, and stipends tied to actuarial study. Its stated purpose is to advance actuarial knowledge and research for the profession and the public by supporting, publishing, and promoting research, education, and professional development. The recent grants list includes repeat support for institutions such as Morgan State University Foundation and Howard University, alongside grants to the Organization of Latino Actuaries and DePaul University. Taken together, the giving reflects a research-centered funder that also invests in talent pipelines and representation within the actuarial field.
Research support is the clearest theme in the portfolio. In 2024, the Society of Actuaries gave $569,410 to the Society of Actuaries Research Institute for research grant and general support, and in 2025 it followed with $417,436 for the same recipient and purpose. The foundation also supports student and doctoral pathways in actuarial science. It granted $320,000 to The Actuarial Foundation in 2025 for UEC DE stipend, scholarships, and grants, building on a $525,000 general support grant in 2023. Diversity-oriented giving appears in grants such as $30,000 to the Organization of Latino Actuaries for a diversity grant and $10,000 to Morgan State University for a diversity grant. Educational support extends to institutions including Howard University and DePaul University through scholarships and grants.
Typical grant sizes are modest relative to total giving, with a p25 of $7,000, a median of $8,000, and a p75 of $30,000. The pattern is mixed: a few large research and general-support awards sit alongside many smaller university and diversity grants. Several recipients appear in multiple years, including the Society of Actuaries Research Institute, The Actuarial Foundation, Morgan State University Foundation, Howard University, and DePaul University. That repeat activity suggests ongoing relationships rather than one-off awards. The foundation does not fund individuals and does not make program-related investments. One listed research channel accepts unsolicited proposals, while several of the program areas are not open to unsolicited requests.
$769K
$88.9M
$68.3M
$57.8M
Most grants fall between $7K and $30K, with a median of $8K.
25th Percentile
$7K
Median
$8K
75th Percentile
$30K
GREGORY HEIDRICH
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The Society of Actuaries gives primarily in Illinois, which accounts for 54% of grants and is also the top state by grant count. Recent Illinois recipients include the Society of Actuaries Research Institute in Schaumburg, the Organization of Latino Actuaries in Chicago, and DePaul University in Chicago. Outside Illinois, grants reached Baltimore, Washington, and El Paso through repeat university and foundation partners. All recent grants in the provided list were made to U.S. recipients, so the country distribution is fully domestic in this sample.
It funds actuarial research, education, professional development, and related initiatives. The active program list includes academic and student research, strategic research programs, catastrophe and climate research, and scholarship or stipend programs for actuarial students and doctoral researchers.
The grant-size distribution is concentrated in smaller awards: p25 is $7,000, median is $8,000, and p75 is $30,000. The recent list also includes several much larger research and general-support grants, including awards above $400,000.
Yes. The recent grants show repeat support for the Society of Actuaries Research Institute, The Actuarial Foundation, Morgan State University Foundation, Howard University, and DePaul University across multiple years, which indicates ongoing relationships rather than single grants only.
Illinois receives the most grants, and 54% of grants go to recipients in the HQ state. Recent Illinois recipients include Schaumburg-based Society of Actuaries Research Institute, Chicago-based Organization of Latino Actuaries, and Chicago-based DePaul University.
One listed channel does: SOA Research Institute — Research Opportunities / Funding & Grants is marked as accepting unsolicited proposals. Other active programs in the data are marked as not accepting unsolicited requests.
2025
Source: IRS Form 990-PF, fiscal year 2025.
Current and upcoming funding from Society of Actuaries that your nonprofit may be able to apply for.
Who can apply: Eligibility is linked from the academic benefits page and pertains to committee and board expenses.
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Most recent grants reported to the IRS.
| Recipient | Location | Amount | Year | Purpose |
|---|---|---|---|---|
| SOCIETY OF ACTUARIES RESEARCH INSTITUTE | SCHAUMBURG, IL | $417,436 | 2025 | RESEARCH GRANT & GENERAL SUPPORT |
| THE ACTUARIAL FOUNDATION | SCHAUMBURG, IL | $320,000 | 2025 | UEC DE STIPEND/SCHOLARSHIPS & GRANTS |
| MORGAN STATE UNIVERSITY FOUNDATION | BALTIMORE, MD | $17,000 | 2025 | UEC DE STIPEND/SCHOLARSHIPS & GRANTS |
| HOWARD UNIVERSITY | WASHINGTON, DC | $8,000 | 2025 | UEC DE STIPEND/SCHOLARSHIPS & GRANTS |
| UNIVERSITY OF TEXAS EL PASO | EL PASO, TX | $7,000 | 2025 | UEC DE STIPEND/SCHOLARSHIPS & GRANTS |
| SOCIETY OF ACTUARIES RESEARCH INSTITUTE | SCHAUMBURG, IL | $569,410 | 2024 | RESEARCH GRANT & GENERAL SUPPORT |
| MORGAN STATE UNIVERSITY FOUNDATION | BALTIMORE, MD | $17,000 | 2024 | UEC DE STIPEND/SCHOLARSHIPS & GRANTS |
| HOWARD UNIVERSITY | WASHINGTON, DC | $8,000 | 2024 | SCHOLARSHIPS & GRANTS |
| UTEP HUNT COLLEGE OF BUSINESS | EL PASO, TX | $7,000 | 2024 | UEC DE STIPEND |
| MORGAN STATE UNIVERSITY ACTUARIAL SCIENCE | BALTIMORE, MD | $7,000 | 2024 | EDUCATION |
| DEPAUL UNIVERSITY | CHICAGO, IL | $6,000 | 2024 | SCHOLARSHIPS & GRANTS |
| THE ACTUARIAL FOUNDATION | SCHAUMBURG, IL | $525,000 | 2023 | GENERAL SUPPORT |
| SOCIETY OF ACTUARIES RESEARCH INSTITUTE | SCHAUMBURG, IL | $288,975 | 2023 | RESEARCH GRANT & GENERAL SUPPORT |
| ORGANIZATION OF LATINO ACTUARIES | CHICAGO, IL | $30,000 | 2023 | DIVERSITY GRANT |
| MORGAN STATE UNIVERSITY | BALTIMORE, MD | $10,000 | 2023 | DIVERSITY GRANT |
| HOWARD UNIVERSITY | WASHINGTON, DC | $8,000 | 2023 | DIVERSITY GRANT |
| DEPAUL UNIVERSITY | CHICAGO, IL | $6,000 | 2023 | DIVERSITY GRANT |
| ILLINOIS STATE UNIVERSITY FOUNDATION | NORMAL, IL | $5,500 | 2023 | DIVERSITY GRANT |
SOCIETY OF ACTUARIES RESEARCH INSTITUTE
$417,436RESEARCH GRANT & GENERAL SUPPORT
UNIVERSITY OF TEXAS EL PASO
$7,000UEC DE STIPEND/SCHOLARSHIPS & GRANTS
SOCIETY OF ACTUARIES RESEARCH INSTITUTE
RESEARCH GRANT & GENERAL SUPPORT
UTEP HUNT COLLEGE OF BUSINESS
$7,000UEC DE STIPEND
MORGAN STATE UNIVERSITY ACTUARIAL SCIENCE
$7,000EDUCATION
SOCIETY OF ACTUARIES RESEARCH INSTITUTE
$288,975RESEARCH GRANT & GENERAL SUPPORT
ORGANIZATION OF LATINO ACTUARIES
$30,000DIVERSITY GRANT
MORGAN STATE UNIVERSITY
$10,000DIVERSITY GRANT
