The Actuarial Foundation is committed to ensuring its programs are intentionally built and executed with a goal of promoting diversity,
equity and inclusion.
There is much work to be done to close the opportunity gap in the United States.
The Actuarial Foundation is committed to its action-oriented mission and will continue to provide more math education opportunities for underserved communities and promote diversity within the actuarial profession through our scholarship programs.
Reflecting on the wisdom and grace of Dr. Martin Luther King, Jr.
"Life’s most persistent and urgent question is, ‘What are you doing for others’?”
It is our mission to enhance math education through the talents and resources of actuaries. We pledge to move forward with service and with honor.
A commitment to diversity, equity, and inclusion.
The Actuarial Foundation is committed to supporting diversity, equity, and inclusion through programs that build mathematical excellence, financial literacy, and confidence in math’s possibilities. Math is a universal language that can create opportunities and a sense of belonging for young people and those who support and inspire them.
Opportunities for Action
Promotes diversity within the profession through an annual scholarship program for Black/African American, Latinx, Native North American and Pacific Islander students.
Through STEM Stars, we believe we can move the needle on diversity in the actuarial profession by providing support that starts in high school, extends into college and continues through a career.
Help The Actuarial Foundation provide more math education and financial literacy opportunities for underserved communities and make the actuarial profession more diverse.
The Foundation and its sponsors are committed to increasing and expanding access and inclusion in our Modeling the Future Challenge to students who are traditionally underserved.
Title 1 and underserved schools have reported they don't have the resources to help their students with higher level math projects. The MTFC Quest Track is an opportunity for these students to complete real-world math and data analysis projects with no math prerequisite. It was developed to provide resources, such as the actuarial process, which helps students use math and data analysis to solve real world problems in their own community.
Through this initiative, we hope to increase the number of participating students from underserved communities and diverse demographics and ultimately, bring more diversity to the STEM talent pipeline.
The Foundation celebrated Diversity Month with a Virtual Happy Hour. Guest speaker Dr. Leroy D. Nunery II shared some of his research about DEI in the insurance industry. Additionally, Foundation Trustees provided updates on how the Foundation is navigating DEI through its programs and resources. Watch the video of the event below.
Although many scholarship programs have been developed to increase diversity, the needle hasn’t moved. The Foundation’s STEM Stars Actuarial Scholars Program identifies, recruits and supports skilled high school students interested in the field. With this new approach, we believe we can finally move the needle by providing help that starts in high school, extends into college and continues through a career. The new program offers high school seniors a scholarship of $20,000 ($5,000 annually for four years). Along with financial support, it includes mentoring, tutoring, immersion experiences and guaranteed internships.
The Foundation’s Math Motivators tutoring program now has virtual tutoring options for students, which makes it easier to bring to the program to additional underserved communities across the nation. Additionally, approximately 75% of Math Motivators students are eligible for free or reduced school lunch, and 70% identify as Black, African American, Latino/Latina or of Spanish origin.
The Foundation’s Diversity, Equity and Inclusion Committee, led by Trustees Olga Jacobs and Emily Gingrich, is in the process of measuring and gathering data on Foundation programs and activities to ensure they are intentionally built and executed with a goal of promoting diversity, equity and inclusion.
Partnerships Make all the Difference
To further advance our commitment to diversity, equity and inclusion, The Actuarial Foundation partners with several outside organizations, including but not limited to:
Meet Our Diversity Scholarship Winners
Social Justice in Education
The Actuarial Foundation supports inclusivity in math education. In this video from the 2019 National Council of Teachers of Mathematics Annual Meeting, Dr. Talithia Williams talks about equity and social justice in education while exploring strategies to create a math classroom that is inclusive of students from a variety of backgrounds.
The Actuarial Foundation is a Joint Effort
Since 2004, The Actuarial Foundation has received unwavering support from the U.S. actuarial organizations. Their trust and dedication to the Foundation’s mission are key elements to our continued growth and success as the philanthropy for actuaries in the United States.