An actuarial firm is trying to keep math alive.
The firm, Milliman Inc., has raised $750,000 from employees and former employees to support the Math Motivators math tutoring program.
(Related: Foundation Backs Financial Curriculum)
Program managers at The Actuarial Foundation — a nonprofit organization founded in 1994 — send working actuaries, and college-level math and actuarial students, out to help high school students with math.
The program has tutoring teams in place in low-income areas in Chicago, Hartford, New York, Seattle, the Minneapolis area, the Omaha area, and Portland, Maine.
Barry Jacobson, an Actuarial Foundation trustee who taught high school math for several years, after he retired from the insurance industry, started the program after he noticed that parents in low-income communities had a hard time paying for math tutors, according to an article about the program on the foundation website.
The program has started out by providing SAT test preparation coaching and help with Advanced Placement math courses such as algebra, calculus and statistics.
In 2018, the Society of Actuaries reported that it raised about $129,000 for the program.
More information about the program is available here.
— Read New York Foundation Gives $1 Million to Children’s Grief Support Center, on ThinkAdvisor.