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The Actuarial Foundation

WHAT WE DO:The Actuarial Foundation Logo
The Actuarial Foundation (TAF), a 501(c)(3) not-for-profit organization, develops, funds and executes education and research programs that serve the public by harnessing the talents of actuaries. The bulk of the Foundation's work involves K-12 education in the areas of math and personal finance, and it has launched a variety of initiatives designed to help teachers engage and educate their students in these areas. In addition, the Foundation supports consumer education, particularly around cost of living and life preparedness and retirement education, as well as scholarly initiatives within the field. TAF is headquartered in Schaumburg, Illinois.

WHAT WE OFFER:
As a not-for-profit organization working on behalf of actuaries across the country, we represent a direct link between students in grades K-12 and a highly skilled profession with an interest in math and financial literacy. We manage a number of outreach programs, including:

  • Advancing Student Achievement (ASA) - One of our best-known initiatives, ASA supports innovative math mentoring projects by providing financial support and by assisting in finding actuaries to serve as mentors. Teachers funded through this program have created academies for parents, brought math games and competitions into the classroom, formed math clubs, launched professional development initiatives, taught students basic financial concepts and more.
  • Expect the Unexpected with Math - A series of curriculum resources for teachers developed with and distributed by Scholastic. Forty thousand copies are sent out with additional distribution online; total potential impact is close to four million children.  The series is available on the Foundation Web site.
  • Project Math Minds - The Foundation underwrites a scholarship competition for high school students who are members of Mu Alpha Theta. The project focuses on hypothetical scenarios that relate to the work of actuaries.
  • Math Academies - Created by teachers for teachers, the Math Academy programs were designed to create hands-on activities and a fun learning environment for the teaching of math, while staying true to the academic rigor required by the state standards framework.

More information on youth education programs can be found at http://www.actuarialfoundation.org/programs/youth_education.shtml

WHAT WE NEED:
As a mission-driven not-for-profit organization, The Actuarial Foundation provides its resources to teachers and students either free or at cost. We are looking for partners with established outreach and distribution channels to help us get these resources into the hands of the teachers and students who can benefit from them.

WHAT'S NEW:
The Actuarial Foundation has recently published Building Your Future, an engaging and relevant personal financial literacy curriculum designed to help high school teens master the elements of personal finance and help them to prepare for life after high school. The curriculum resource, available in print and electronic formats, addresses the following subjects:

  • Book One: Banking covers savings accounts, checking accounts, credit cards, and taxes
  • Book Two: Financing includes loans and interest, home loans, auto loans and insurance
  • Book Three: Investing covers bonds, stocks, mutual funds, risk and diversification and inflation

Building Your Future helps students easily grasp the essentials of personal finance, gives them multiple opportunities to practice core skills and showcases the real-world impact of the financial decisions they make. Each chapter is classroom-ready with a Teacher's Guide that provides handouts and answer keys, instruction and assessment suggestions, definitions and additional resources and aligns to national mathematics and personal financial education standards.

To celebrate the release of Building Your Future, the Actuarial Foundation gave away 2,000 sets of the printed curriculum to teachers who requested them. The resource will continue to be available online at no cost through October 31, 2009; after that date, copies of Building Your Future can be ordered at a nominal cost.

For more information on Building Your Future, or to download a PDF copy of this resource (through October 31, 2009), visit: http://www.actuarialfoundation.org/programs/youth/BuildingYourFuture.shtml

CONTACT INFORMATION:

Eileen C. Streu, Executive Director           
847-706-3557
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