Society of Actuaries Research Institute
Chicago, IL · EIN 36-2136422. Reported 127 grants totalling $6,061,618 to 67 organizations across tax years 2021-2024, on Form 990 Schedule I.
Does this grantmaker accept applications?
Its tax return does not say, and we will not guess. Private foundations file Form 990-PF, which asks outright whether they fund only organizations they select themselves -- 78% say yes, and that one answer is what lets the rest of this site tell you which foundations are worth approaching. Grantmaking charities like this one file a regular Form 990 instead, and the IRS never puts the question to them. Anyone claiming to know the answer from the filing is inventing it.
Three things in the filing do bear on it:
- What kind of organization it is. The IRS has no activity classification on file for this one, so we cannot tell you whether it is a community foundation or a single-institution support fund. The recipient list below is the better guide.
- How spread out its giving is. 67 distinct organizations, with 13% of the dollars going to the largest single recipient. That is genuinely spread out -- the mark of a funder making many independent decisions rather than underwriting one institution.
- How much its list changes. 56% of one year's grantees are funded again the next, across 3 year-to-year transitions. That is about the 57% median for grantmaking charities -- noticeably lower than the 67% private foundations manage. Organizations like this one rotate more of their list each year, which is where an opening for a newcomer tends to be.
How big are its grants?
The median reported grant is $25,000. Half of what it reported fell between $12,984 and $50,000; the smallest was $6,000 and the largest $525,000. If you are asking for materially more than the top of that range, you are asking the wrong organization.
1 of those grants was non-cash -- goods, property or services worth $375,000 in total. In-kind giving is real support but it is not a cheque.
Every organization it funded
This is the complete list from its filings, largest first. Recipients are grouped by the EIN the filer reported, not by name, so an organization that was typed differently in two years appears once rather than twice.
| Organization | Location | Total received | Grants | Years funded | Last |
|---|---|---|---|---|---|
| Milliman Inc | Portland, ME | $798,808 | 4 | 4 | 2024 |
| Risk & Regulatory Consulting | Farmington, CT | $554,580 | 4 | 4 | 2024 |
| Actuarial Foundation | Schaumburg, IL | $525,000 | 1 | 1 | 2021 |
| Ll Global Inc | Windsor, CT | $423,400 | 2 | 2 | 2023 |
| Axene Health Partners LLC | Temecula, CA | $345,710 | 4 | 4 | 2024 |
| Matthew Greenwald & Assoc | Washington, DC | $345,220 | 3 | 3 | 2023 |
| Mib Inc | Braintree, MA | $262,091 | 3 | 3 | 2023 |
| Regents of the University of California | Oakland, CA | $260,256 | 4 | 4 | 2024 |
| Pricewaterhousecoopers | Chicago, IL | $176,666 | 3 | 3 | 2024 |
| Healthcare Analytics | Providence, RI | $155,000 | 3 | 3 | 2024 |
| Deloitte Consulting Llp | Philadelphia, PA | $151,750 | 4 | 4 | 2024 |
| Trustees of Purdue University | West Lafayette, IN | $116,637 | 3 | 3 | 2024 |
| Arizona State University | Tempe, AZ | $102,479 | 4 | 4 | 2024 |
| Research Foundation for the State University of New York | Albany, NY | $94,735 | 3 | 3 | 2023 |
| Actuarial Research Corporation | Annandale, VA | $80,000 | 3 | 3 | 2024 |
| Ernst & Young Llp | Chicago, IL | $80,000 | 1 | 1 | 2023 |
| The FIVE70 Group | Pittsburgh, PA | $77,570 | 1 | 1 | 2023 |
| Rga Enterprise Services | Chesterfield, MO | $76,120 | 2 | 2 | 2024 |
| Optum | Chicago, IL | $75,000 | 2 | 2 | 2023 |
| Scor Global Life | Charlotte, NC | $73,000 | 3 | 3 | 2024 |
| Rudolph Financial Consulting LLC | Papillion, NE | $70,400 | 2 | 2 | 2024 |
| C & R Research | Chicago, IL | $64,400 | 2 | 2 | 2023 |
| Air Worldwide Corp | Boston, MA | $60,000 | 1 | 1 | 2021 |
| Santa Barbara Actuaries | Santa Barbara, CA | $59,220 | 3 | 3 | 2023 |
| Health Care Cost Institute Inc | Washington, DC | $55,000 | 2 | 2 | 2023 |
| Hause Actuarial Solutions Inc | Overland Park, KS | $50,000 | 2 | 2 | 2024 |
| Board of Trustees of Illinois State University | Normal, IL | $48,347 | 3 | 3 | 2023 |
| Willis Tower Watson | Atlanta, GA | $42,000 | 1 | 1 | 2021 |
| Rudolph Financial Consulting | Elkhorn, NE | $41,903 | 2 | 2 | 2022 |
| Vickie L Bajtelsmit Consulting LLC | Tinmath, CO | $39,900 | 1 | 1 | 2024 |
| Pennsylvania State University | State College, PA | $39,500 | 2 | 2 | 2022 |
| Howard University | Washington, DC | $38,952 | 2 | 2 | 2022 |
| R a Guzzo LLC | Laurel, MD | $38,000 | 2 | 2 | 2024 |
| Hartman Analytics | Provo, UT | $37,500 | 3 | 3 | 2024 |
| Breakthrough Development Co | Sidell, LA | $34,500 | 3 | 3 | 2023 |
| Board of Regents U of Wisc System | Milwaukee, WI | $33,750 | 1 | 1 | 2022 |
| O'leary Management Associates LLC | Newbury Park, CA | $33,500 | 1 | 1 | 2023 |
| Logica Research | San Francisco, CA | $32,000 | 1 | 1 | 2024 |
| Miami University | Oxford, OH | $31,109 | 2 | 2 | 2023 |
| Wakely Consulting Group | Tampa, FL | $30,000 | 1 | 1 | 2022 |
| Weiner Edrich Brown Inc | New York, NY | $30,000 | 2 | 2 | 2023 |
| The Board of Trustees of the University of Illinois | Urbana, IL | $29,451 | 3 | 3 | 2023 |
| Riscal Consulting LLC | Hinsdale, IL | $25,771 | 1 | 1 | 2024 |
| Ll Global | Windsor, CT | $25,000 | 1 | 1 | 2023 |
| The Nebraska Medical Center | Omaha, NE | $23,535 | 1 | 1 | 2021 |
| Rga Reinsurance Group of America | Chesterfield, MO | $23,000 | 2 | 2 | 2024 |
| Healthcare Analytics | Providence, RI | $20,000 | 1 | 1 | 2021 |
| Cuanto Consulting LLC | San Francisco, CA | $19,500 | 2 | 2 | 2024 |
| Dynata LLC | Shelton, CT | $18,775 | 1 | 1 | 2024 |
| Financial Finesse | Sel Segundo, CA | $18,000 | 2 | 2 | 2022 |
| Neurocern | Chicago, IL | $17,000 | 1 | 1 | 2021 |
| Compass Transportation & Technology | Potomac, MD | $14,000 | 1 | 1 | 2021 |
| Pricewaterhousecoopers | Chicago, IL | $13,333 | 1 | 1 | 2021 |
| Trustees of Boston University | Boston, MA | $12,500 | 1 | 1 | 2024 |
| Actuarial Risk Management Ltd | Austin, TX | $12,000 | 1 | 1 | 2023 |
| Analytic Solutions | Camdenwyoming, DE | $11,000 | 1 | 1 | 2021 |
| David Schraub Actuarial Consultancy | Northbrook, IL | $11,000 | 1 | 1 | 2024 |
| Good Must Grow | Woodland Hills, CA | $10,000 | 1 | 1 | 2022 |
| Hired Brains LLC | Santa Fe, NM | $10,000 | 1 | 1 | 2023 |
| Oliver Wyman Actuarial Consulting | Atlanta, GA | $10,000 | 1 | 1 | 2021 |
| Vitality Group International | Chicago, IL | $10,000 | 1 | 1 | 2021 |
| Oliver Wyman Actuarial Consulting | Atlanta, GA | $8,000 | 1 | 1 | 2024 |
| State University of Iowa Foundation | Iowa City, IA | $8,000 | 1 | 1 | 2024 |
| Applied Stochastic LLC | Louisville, KY | $7,500 | 1 | 1 | 2024 |
| With You in Mind | Larchmont, NY | $7,250 | 1 | 1 | 2022 |
| Montoux | New York, NY | $7,000 | 1 | 1 | 2024 |
| Epeenoire LLC | Westfield, IN | $6,000 | 1 | 1 | 2022 |
35 of 67 (52%) received money in more than one year over the 4 years we hold. Remember the $5,000 floor: an organization funded every year at $3,000 shows up here as never funded at all.
What kind of organizations it funds
By each recipient's own IRS classification, for the 9 of 67 recipients we could match to a registered organization. These are assigned categories, not our guesses -- Schedule I reports the recipient's EIN, so this is a lookup rather than a name match.
Giving by year
| Tax year | Grants reported | Total | Median grant |
|---|---|---|---|
| 2021 | 32 | $1,835,215 | $21,500 |
| 2022 | 32 | $1,522,698 | $30,000 |
| 2023 | 35 | $1,661,773 | $25,000 |
| 2024 | 28 | $1,041,932 | $24,885 |
Tax years, not calendar years, and the most recent year is usually incomplete -- Form 990 arrives about a year after the year it covers, so a low final year means late paperwork rather than a grantmaker winding down.
Where its money goes
18% of its giving went to organizations in Illinois. Community foundations and federated funds are usually the most geographically bounded funders there are -- being outside the footprint is normally disqualifying in a way that a weak programme fit is not.
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Funders that support the same organizations
These grantmakers and private foundations gave to organizations this one also funded. Shared grantees are the strongest signal available that two funders have overlapping priorities -- and a funder already backing your peers is a far warmer prospect than one that merely lists your cause.
How to approach this grantmaker
- Look for a published programme first. Unlike most private foundations, organizations of this kind often do run open, deadlined grant cycles with written guidelines. Its own website is the authority on that; this page is the authority on who it has actually paid.
- Check you are its size. The median reported grant is $25,000 -- and because grants under $5,000 need not be reported, it very likely writes smaller cheques than this page can see.
- Check you are in its geography. Its giving concentrates in Illinois.
- Read the recipient list for organizations like yours. If nothing on it resembles your work, that is a real answer and a cheap one to get.
Related guides
Where these numbers come from
Everything above is taken from Society of Actuaries Research Institute's own Form 990 Schedule I filings, which the IRS publishes in bulk. We used 4 returns (tax years 2021-2024). Nothing here is scraped, inferred or estimated.
On its most recent return it told the IRS it made grants to 5 section 501(c)(3) organizations and 23 other organizations. That is the filer's own count for one year; the totals above cover every year we hold.
Address of record on the latest return: 8770 W Bryn Mawr Ave 1000, Chicago, IL, 60631.
EIN 36-2136422 · See the original filings on ProPublica · How we build this
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