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Society of Actuaries Research Institute at a glanceAlso receives grants: funding profile →

· Public charity

Society of Actuaries Research Institute

Serving as the reseach arm of the society of actuaries, the soa research institute provides ojbective, data-driven research bringing together tried and true practices and future-focused approaches to address societal challenges and business needs.

$1.3M
Granted FY2024still arriving
28
Grants FY2024still arriving
21
States reached
$218k
Largest
01What it fundsRead
02The needRead
03Its granteesRead
04Its fieldRead
01What it funds
01100% classified

What it funded, over time

Every grant placed by its stated purpose and the recipient’s mission, by year, FY2017 to 2024.

Science & Tech$7.3MHealth$2.1MEducation$1.2MCommunity Improvement$588kSocial Science$378kInternational$10kFood & Nutrition$10k
02FY2024 · 28 grants

Where the money goes

Grants by size, and the largest recipients.

How this is measured
The 28 grants below total $1,041,932, the rows itemized in this filing. The $1,332,001 headline is the total grant expense on the return; the other $290,069 is giving the schedule does not break out (grants under the $5,000 itemization floor, grants to individuals, grants on other schedules). Every figure below describes the itemized rows only.

By grant size · FY2024

  • Under $10k5 grants · $39k
  • $10k–50k18 grants · $436k
  • $50k–250k5 grants · $567k
$25,771
Median grant
21
States reached
$41M
Total assets
Largest grants
RecipientAmount
MILLIMAN INC$217,985
AXENE HEALTH PARTNERS LLC$125,000
RISK & REGULATORY CONSULTING$114,000
HEALTHCARE ANALYTICS$60,000
PRICEWATERHOUSECOOPERS$50,000
VICKIE L BAJTELSMIT CONSULTING LLC$39,900
ACTUARIAL RESEARCH CORPORATION$38,000
REGENTS OF THE UNIVERSITY OF CAL BERKLEY$35,056
PURDUE UNIVERSITY$34,000
RUDOLPH FINANCIAL CONSULTING LLC$33,000
DELOITTE CONSULTING LLP$33,000
LOGICA RESEARCH$32,000
R A GUZZO LLC$26,000
RISCAL CONSULTING LLC$25,771
SCOR GLOBAL LIFE$24,000
02The need
03

Does the money reach high-need areas?

Each grant placed by the hardship in its grantee’s ZIP, against the area’s typical level.

show:

Dollar for dollar, its grants (FY17–24) land where the poverty rate runs at 11%, against an area that typically sits at 9%. 73% of its dollars go to grantees based in above-average-need neighborhoods. Most of its grants land in higher-need ZIPs.

area typical 9%MIB INC: $260k → 7%AIR WORLDWIDE CORP: $60k → 16%THE FIVE70 GROUP: $78k → 11%STANFORD UNIVERSITY: $110k → 8%REGENTS OF THE UNIVERSITY OF CAL BERKLEY: $94k → 10%MILLIMAN INC: $282k → 10%AXENE HEALTH PARTNERS LLC: $126k → 11%RESEARCH FOUNDATION STATE U OF NY: $71k → 14%MILLIMAN: $304k → 13%UNIVERSITY OF IOWA OFFICE OF GRANT ACCOUNTING: $76k → 15%RGA ENTERPRISE SERVICES: $59k → 11%LL GLOBAL: $146k → 11%UNIV OF CONNECTICUT: $59k → 11%ALBERTS ACTUARIAL CONSULTING LLC: $67k → 16%DELOITTE: $71k → 7%COMPASS TRANSPORTATION & TECHNOLOGY: $70k → 8%MILLIMAN INC: $218k → 7%MIB INC: $134k → 7%REGENTS OF THE UNIVERSITY OF CAL BERKLEY: $80k → 10%MILLIMAN INC: $130k → 10%AXENE HEALTH PARTNERS LLC: $125k → 11%UNIVERSITY OF IOWA: $76k → 15%MADDOCK DOUGLAS INC: $100k → 7%MILLIMAN INC: $202k → 7%MIB INC: $103k → 7%REGENTS OF THE UNIVERSITY OF CAL BERKLEY: $75k → 10%AXENE HEALTH PARTNERS LLC: $75k → 11%UNIVERSITY OF IOWA: $76k → 15%MADDOCK DOUGLAS INC: $90k → 7%MILLIMAN INC: $201k → 7%REGENTS OF THE UNIVERSITY OF CAL BERKLEY: $70k → 10%REGENTS OF UNIV OF CALIFORNIA: $99k → 14%MILLIMAN INC: $178k → 7%REGENTS OF THE UNIV OF CA: $99k → 14%AMERICAN ACADEMY OF ACTUARIES: $252k → 14%RISK & REGULATORY CONSULTING: $160k → 11%RISK & REGULATORY CONSULTING: $149k → 11%AMERICAN ACADEMY OF ACTUARIES: $190k → 14%RISK & REGULATORY CONSULTING: $131k → 11%RISK & REGULATORY CONSULTING: $114k → 11%THE ACTUARIAL FOUNDATION: $150k → 14%AMERICAN ACADEMY OF ACTUARIES: $190k → 14%ERNST & YOUNG LLP: $80k → 14%MATTHEW GREENWALD & ASSOC: $210k → 14%MATTHEW GREENWALD & ASSOCIATES: $121k → 14%MATTHEW GREENWALD & ASSOC: $119k → 14%GREENWALD RESEARCH: $115k → 14%MATTHEW GREENWALD & ASSOC: $111k → 14%0%20%40%50%more need →
grant to an above-average-need area below average· circle size = grant amount
How this is measured
Matched: human-services grants are those whose grantee’s IRS cause code is Human Services. Placed by people below the poverty line in the grantee’s ZIP, averaged from the tracts in that ZIP.

Which US states its grants reach

ME
ND
MN
IL
WI
NY
MA
NV
IA
IN
OH
PA
CT
RI
CA
UT
CO
NE
MO
KY
VA
MD
DE
AZ
NM
KS
NC
DC
HI
LA
GA
TX
FL

Grants abroad, by region: $179k on the FY2024 return

Schedule F, as filed: 6 regions, $84k to organizations and $95k to individuals. The IRS asks for region and purpose, not the recipient, so no country or grantee can be named here.

East Asia and the Pacific$72k · 40% · 2 grants · 11 people

Stated purpose: RESEARCH GRANT · RESEARCH PRIZE

Europe (including Iceland and Greenland)$67k · 38% · 1 grant · 3 people

Stated purpose: RESEARCH GRANT

North America (Canada and Mexico)$17k · 9% · 2 people

Stated purpose: RESEARCH GRANT

South America$9k · 5% · 1 person

Stated purpose: RESEARCH GRANT

Middle East and North Africa$8k · 4% · 1 person

Stated purpose: RESEARCH GRANT

South Asia$7k · 4% · 1 person

Stated purpose: RESEARCH GRANT

How this is measured
US grants placed by each grantee’s ZIP, which can differ from where services are delivered. Need from public data (U.S. Census/ACS, CDC PLACES, Eviction Lab, USDA), shown as context about the area, never attributed to the funder’s giving. Grants abroad on Schedule F are filed by region, purpose and amount with no recipient name, so they are shown by region and cannot be placed on the country map or matched to a grantee.
03Its grantees
repeat funding

Who it funds again

Organizations funded in more than one year, against those funded once.

90%of every dollar goes to organizations it has funded before.
$10M · 59 repeat orgs$1.1M to everyone else

59 repeat relationships: 18 still active in FY2024, 41 since wound down; 10 grantees were first funded in FY2024 (too recent to call).

How the two cohorts compare

Re-uppedFunded once

Organizations

59
29

Total granted

$10M
$961k

Median revenue growth · since first grant

+18%
+57%

Still filing today

12%
21%

New vs renewed · share of each year

In FY2024, 84% of grant dollars renewed an existing relationship; $170k went to new ones.

50%100%’17’18’19’20’21’22’23’24
RenewedFirst-time

Where new relationships form · theme of each grantee’s first grant

’17’18’19’20’21’22’23’24
EducationHealthCommunity ImprovementOther
How this is measured
First-time means a grantee’s first year in the filing window; renewed means funded in an earlier year too. The renewed share climbs naturally as a portfolio matures, so the signal is a year that bucks it (a wave of new grantees). The earliest year is left-censored: relationships that predate the data read as new. Theme is the grantee’s IRS cause.

Backed again, and grew

  • AA
    AMERICAN ACADEMY OF ACTUARIES
    3× · 2017–2019 · $631k · revenue +15%
  • LG
    LL Global Inc
    6× · 2017–2023 · $588k · revenue +18%
  • TR
    The Research Foundation for The State University of New York
    5× · 2019–2023 · $185k · revenue +55%

Funded once

  • TA
    THE ACTUARIAL FOUNDATIONgraduated
    5× · 2017–2021 · $150k · revenue +159%
  • UO
    UNIVERSITY OF CALIFORNIA SANTA BARBARA
    one grant, 2017 · $99k
  • TF
    THE FIVE70 GROUP
    one grant, 2023 · $78k
How this is measured

Repeat means funded in two or more distinct years. Growth and survival are read from each grantee’s own subsequent IRS filings.

04Its field

Closest unfunded matches

The nonprofits that most resemble its grantees but are not funded by it, scored along the direction from the rest of the field toward the portfolio. A resemblance in what they say they do, not a recommendation.

1
New York University

Nyu is a private university with approximately 60,000 matriculating students in 20 schools and institutes. nyu's primary missions are education, research and scholarship, and patient care.

Education
2
Drexel University

Drexel university fulfills its founder's vision of preparing each new generation of students for productive professional and civic lives while also focusing its collective expertise on solving society's greatest problems. drexel is an…

Education
3
William Marsh Rice University

As a leading research university with a distinctive commitment to undergraduate education, Rice University aspires to path breaking research, unsurpassed teaching, and contributions to the betterment of our world. It seeks to fulfill this…

Education
4
University of Southern California

The central mission of the university of southern california is the development of human beings and society as a whole through the cultivation and enrichment of the human mind and spirit. the principal means by which our mission is…

Education
5
Lehigh University

The university's goal in the coming decade is to advance learning through the integration of teaching, research and service to others. the core of this goal is to prepare graduates to engage with the world and lead lives of meaning. to do…

Education
6
Trustees of the University of Pennsylvania

The trustees of the university of pennsylvania (the "university") sees itself as having a public service mission. in such regard, the university aims to provide a rich and diverse educational environment for its students; to pioneer…

Education
7
University of Miami

See Form 990, Part I, Line 1, Description of Organization Mission.

Education
8
Institute for Advanced Study - Louis Bamberger & Mrs Felix Fuld Foundation

The institute for advanced study (the institute) is one of the world's leading centers for theoretical research and intellectual inquiry. see schedule o.

Science & Tech
9
Washington University

The washington university is a co-educational, nondenominational university with a long and distinguished history of teaching, research and (cont'd on schedule o)

Education
10
Endicott College

Endicott college offers students a vibrant academic environment that remains true to its founding principle of integrating professional and liberal arts with experiential learning. for more information see schedule o.

Education
11
Trustees of Tufts College

Education and Research

Education
12
Case Western Reserve University

Case Western Reserve University is an independent, research-oriented university with broadly based strengths in health, including medicine, nursing and dentistry; in engineering; in the arts and sciences; and in law, management and social…

Education
How this is measured
The grantee most central to the portfolio’s shape is University of St Thomas; the most unlike its peers is Health Care Cost Institute Inc. Resemblance is measured on each organization’s own IRS 990 mission text; it reflects how work is described, not its quality or impact.
04the grantee network

16 grantees tracked through their own filings, 2017–2025.

Each grant beside the grantee’s revenue from every source, year by year.

How this is measured

Counted here: distinct organizations funded across 2017 to 2025, not grant rows in a single year, so this will not match the grant count on the cover. 16 of the 99 grantees resolved in that span have returns of their own we could reconcile.

Each grantee is resolved to its own IRS returns. Association, dated; never a causal claim.

0
Load-bearing (≥25% of a budget)
1
Early backer (in before they grew)
16/16
Grantees still filing
13/16
Grew since first funded

Where the money sits, by cause and then by grantee

MILLIMAN: $1,534,982 · OtherMILLIMANRISK & REGULATORY CONSULTING: $791,130 · OtherRISK & REGULATORY CONSULTINGMATTHEW GREENWALD & ASSOC: $758,780 · OtherMATTHEW GREENWALD & ASSOCAMERICAN ACADEMY OF ACTUARIES: $631,226 · OtherAMERICAN ACADEMY OF ACTUARIESMIB INC: $522,112 · OtherREGENTS OF THE UNIVERSITY OF CALIFORNIA: $483,033 · OtherAXENE HEALTH PARTNERS LLC: $388,210 · OtherUniversity of Wisconsin Madison: $369,869 · Other+79 more: $4,783,793 · Other+79 moreThe Research Foundation for The State University of New York: $185,371 · EducationTHE BOARD OF TRUSTEES OF THE LELAND STANFORD JUNIOR UNIVERSITY: $160,000 · EducationTHE ACTUARIAL FOUNDATION: $150,000 · EducationGEORGIA STATE UNIVERSITY RESEARCH FOUNDATION INC: $67,500 · EducationTHE HOWARD UNIVERSITY: $62,952 · Education+4 more: $62,125 · EducationLL Global Inc: $588,400 · Community ImprovementHEALTH CARE COST INSTITUTE INC: $55,000 · HealthThe Nebraska Medical Center: $43,535 · Health
Other$10,263,135Education$687,948Community Improvement$588,400Health$98,535

Each grantee by its size and the funder’s share of it; top left is load-bearing

25%50%75%100%$10M$100Mgrantee revenue →↑ funder's share of their budgetLL Global Inc: $588,400 over 6y, 0.5% of budgetThe Research Foundation for The State University of New York: $185,371 over 5y, 0.0% of budgetTHE BOARD OF TRUSTEES OF THE LELAND STANFORD JUNIOR UNIVERSITY: $160,000 over 3y, 0.0% of budgetTHE ACTUARIAL FOUNDATION: $150,000 over 5y, 5.4% of budgetGEORGIA STATE UNIVERSITY RESEARCH FOUNDATION INC: $67,500 over 1y, 0.1% of budgetTHE HOWARD UNIVERSITY: $62,952 over 5y, 0.0% of budgetHEALTH CARE COST INSTITUTE INC: $55,000 over 2y, 1.0% of budgetThe Nebraska Medical Center: $43,535 over 2y, 0.0% of budgetNORTHERN ILLINOIS UNIVERSITY FOUNDATION: $19,125 over 1y, 0.2% of budgetDEPAUL UNIVERSITY: $17,500 over 2y, 0.0% of budgetUniversity of St Thomas: $17,500 over 1y, 0.0% of budgetTRUSTEES OF BOSTON UNIVERSITY: $12,500 over 1y, 0.0% of budgetRoosevelt University: $10,000 over 1y, 0.0% of budgetROBERT MORRIS UNIVERSITY: $8,500 over 1y, 0.0% of budgetSTATE UNIVERSITY OF IOWA FOUNDATION: $8,000 over 1y, 0.0% of budget
Grantee by grantee: a decade per organization, before and after funding

A decade per grantee: revenue shaded, grants as bars, all rows on one timeline.

  • Who funds AMERICAN ACADEMY OF ACTUARIES ↗
  • Who funds LL Global Inc ↗
  • Who funds The Research Foundation for The State University of New York ↗
  • Who funds THE BOARD OF TRUSTEES OF THE LELAND STANFORD JUNIOR UNIVERSITY ↗
  • Who funds THE ACTUARIAL FOUNDATION ↗
  • Who funds GEORGIA STATE UNIVERSITY RESEARCH FOUNDATION INC ↗

Co-funders

Grantmakers whose grantees overlap with this funder’s far more than size alone predicts. Closer means stronger alignment; arcs show where they also fund each other. Here they form a set of overlaps that mostly run through this funder rather than between each other.

Casualty Actuarial So…
Casualty Actuarial SocietyVA13.6× affinity4 shared granteesties to 0 of 0Hover any node to trace its alignments.Compare side by side →

Open a dossier: Casualty Actuarial Society

How this is measured
Affinity is a Gamma-Poisson posterior co-funding rate, re-centered on the typical rate, so thin evidence shrinks toward no signal. Overlap is association, not proof of shared intent.

How much its grantees rely on government

Each dot is one organization Society of Actuaries Research Institute funds: left to right is the share of its income from government, bottom to top the share from Society of Actuaries Research Institute. Bigger dots raise more.

2024
’20’21’22’23’24’25
no gov · 10%1%3%6%10%funder's share of their income ↑0%25%50%75%100%share of the org’s income from government →median 12%
  • Trustees of Boston University: 12% of income from government
no gov moneyreceives it· size = income
1get no government money at all
0rely on government for over half their income
typical government reliance, FY20–25
How this is measured
Government income is each org’s traced federal awards (USASpending grants and contracts) plus state payments (open checkbooks) as a share of its total revenue (IRS Form 990); the self-reported government-grant line (990 line 1e) is carried for cross-check: a grantee that reports government grants we could not trace to a source is left off the chart rather than shown as receiving none. An association, not a claim that a grant caused the public funding. Coverage is precision-first, a floor rather than a census; state records exist for 9 states, so a grantee outside them shows no state figure (dimmed) rather than a false zero. Federal award amounts are obligations, which can span years, so a single-year share is indicative. 990 filings lag 12 to 24 months.

On method. Every financial figure here is read from IRS e-file XML, the funder’s own 990/990-PF, and from the multi-year returns of the 99 grantees we resolved, each linked to its source. Grantee outcomes are each organization’s own program-service reporting (Form 990, Part III), read as association with funding, never as caused by it. Low-confidence name matches are suppressed rather than guessed. How we build these →

How this is measured
Each figure carries one of six labels. Filed is what the funder reported on its return. Official is another government record about an organization, such as a federal award or a charity register, joined by name where no shared identifier exists. Resolved is an identity we worked out where the filing named a recipient without an EIN, kept only above a measured confidence threshold. Computed is arithmetic over those, like themes, portfolio clusters and co-funder strength. Context is a statistic about a place rather than about an organization, which is what the need overlay is: it describes the area a grantee’s address sits in, not where its work lands. Inferred is drawn by a model from text, like the partnerships read out of public news and organization websites. Each is labeled where it appears.

Generated from the IRS Form 990 e-file return for fiscal year 2024, released 2024. Filings run roughly 12 to 24 months behind; figures are dated accordingly.

Source object · view filing

Play a game based on Society of Actuaries Research Institute’s filings →

More from the funding graph

The unnamed billions
grants reported with no recipient in the public record
The regranting layer
51% of grant dollars land in the regranting layer
The DAF merry-go-round
$9.7B circulates between donor-advised funds
The endowment market
who holds foundation money, and what just moved
The camps
funders cluster by geography, not ideology
By state
where grant money is based, and what stays home