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The Society of Actuaries to Sponsor The Actuarial Foundation’s Math Motivators Program With Matching Gift Campaign

The SOA will match member donations from April 1 and September 1 (up to $62,500) in support of advancing the actuarial profession.

SCHAUMBURG, IL (March 29, 2018) The Actuarial Foundation is pleased to announce the Society of Actuaries (SOA) will be the lead sponsor of The Actuarial Foundation’s Math Motivators program and will match the SOA members’ donations (up to $62,500 U.S. dollars) from April 1–Sept. 1, 2018.

The Math Motivators program pairs low-income high school students with volunteer tutors which include professional actuaries and college students majoring in actuarial science, mathematics or math education. The students served do not have access to tutoring or cannot afford it, so the Math Motivators program provides free math tutoring in these high schools.

SOA members can make a donation on The Actuarial Foundation’s website and have the SOA make a matching gift. Visit www.actuarialfoundation.org/MathMotivators-SOA.

“The SOA welcomes the opportunity to provide matching donations of our members in support of this Math Motivator’s program from The Actuarial Foundation,” says SOA President Mike Lombardi, FSA, CERA, FCIA, MAAA. “We appreciate the educational support that the Math Motivators program provides to high school students and are glad to help these students learn more about the actuarial profession.”

An important goal of Math Motivators is to further the actuarial profession. Actuaries who participate in the program help to raise awareness of the actuarial career and represent the profession as positive role models. Math Motivators also provides actuaries with the opportunity to develop relationships with actuarial students at local universities, resulting in organic networking to recruit new talent.

Today, more than 50 tutors from the University of Connecticut and 30 corporate actuaries from four insurance companies volunteer to tutor students in three different Hartford high schools. In 2017, the Math Motivators program expanded to Chicago, where students from two universities and actuaries from one insurance company tutor math at a Chicago high school. Plans are in the works for the Math Motivators program to expand to two more cities this year, with the goal of eventually being nationwide.

“We’re thrilled that the SOA has agreed to sponsor the program and generously match its members donations to Math Motivators,” says Jason Leppin, executive director of The Actuarial Foundation. “These funds will go a long way in helping us to grow the program and make a difference in the lives of underprivileged high school students in various areas of the country.”

Donations from SOA members and the SOA match will be used to provide the funding needed to run the program, provide monetary incentives for the students, tutor training materials and to expand the program to additional schools and communities.

For more information about the SOA Matching Gift Campaign for Math Motivators, please visit www.actuarialfoundation.org/math-motivators.

About The Actuarial Foundation

The Actuarial Foundation is a 501(c)(3) organization committed to changing lives through math education. Established in 1994, 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

About the SOA

With roots dating back to 1889, the Society of Actuaries (SOA) is the world’s largest actuarial professional organization with more than 28,000 actuaries as members. Through research and education, the SOA's mission is to advance actuarial knowledge and to enhance the ability of actuaries to provide expert advice and relevant solutions for financial, business and societal challenges. The SOA's vision is for actuaries to be the leading professionals in the measurement and management of risk. www.SOA.org