The Actuarial Foundation’s Math Motivators Tutoring Program Receives $15,000 Grant from Spencer Educational Foundation

Schaumburg, IL, February 15, 2024 –The Actuarial Foundation, a nonprofit organization focused on igniting a passion for math in young people, has received a generous grant from the Spencer Educational Foundation. Their grant supports Math Motivators, a free tutoring program for students in underserved communities that supports learning and understanding mathematics, opening the door to college and career opportunities.

Launched in 2016, the award-winning Math Motivators Tutoring Program has reached thousands of students nationwide. Through this program, two students are paired with an actuary or actuarial students with strong mathematics backgrounds who generously volunteer their time. This model has proven successful in fostering relationships between the student and volunteer that facilitate problem-solving, encourage math discourse, and provide students with mentors interested in their success.

The Spencer Educational Foundation’s generous grant will help students master mathematical concepts and improve their grades, setting them on a course for future success.

“We are deeply grateful for the Spencer Educational Foundation’s investment in our Math Motivators Tutoring Program,” said Valerie Thompson, Interim Executive Director of The Actuarial Foundation. “Together, we are building a generation of math-skilled thinkers who will be the leaders of tomorrow.”

About the Spencer Educational Foundation

The Spencer Educational Foundation is a 501(c)(3) nonprofit organization funding the education of tomorrow’s risk management and insurance leaders through scholarships, grants, internship opportunities, on and off campus experiential learning, and support of risk management/insurance curricula. Since Spencer was founded in 1979, we have awarded over $9.5 million in scholarships and over $8 million in grants to universities and professional institutions impacting an estimated 85,000 students (about the seating capacity of the Los Angeles Memorial Coliseum) through our programming. For more information, please visit us at www.spencered.org.

About The Actuarial Foundation

The Actuarial Foundation, a 501(c)(3) organization, is the philanthropic institution of the industry in the United States. Since 1994, the Foundation has promoted lifelong math education and financial literacy through its learning resources and scholarships. The mission of the Foundation is to enhance math education and financial literacy through the talents and resources of actuaries. The Foundation’s vision is an educated public in pursuit of a secure financial future. For more information, please visit www.actuarialfoundation.org.