Finance Score: 1

Governance Score: 0

Support Score: 0

Strong growth: +2
Volatile income -1
No PartB

(no info on trustees)

No supporters identified

Overall GiG Score: 1

THE IFOA FOUNDATION

Analysis by Giving is Great

Positives:

There has been strong growth in spending since inception

Financial issues to consider:

Income has been volatile recently but spending has been maintained

Financial Data

Income & Spending ?

Period ending	30/06/20	30/06/21	30/06/22	30/06/23
Total income	£286,195	£249,413	£470,060	£158,184
Total spending	£2,518	£186,945	£148,309	£167,455
Surplus/deficit	£283,677	£62,468	£321,751	-£9,271

Established: 5 years

https://www.actuaries.org.uk/about-us/ifoa-foundation

Listed activities

It makes grants, donations, loans, gifts or pensions to individuals
It makes grants, donations or gifts to organisations

GiG Classification

Colleges and universities

Purposes

The advancement of education
The advancement of the arts, heritage, culture or science

Where it operates

Scotland and other parts of the UK, main operating location: City of Edinburgh

Who it helps

Children or young people
Other charities or voluntary bodies

Who supports them? ?

We have no records of donations from grant makers.

How is it governed?

Trustees

Sorry we have no information about the Trustees.

Legal constitution

Charity registered in Scotland on 05/08/2019, number: SC049518

Filing Record

2 returns made; all on time

Main office

c/o Brodies LLP, Capital Square, 58 Morrison Street, Edinburgh, EH3 8BP

Objectives

7 Purposes 7.1 The SCIO will promote, advance and further its Charitable purposes by operating as a “grant giving” charity which will: 7.1.1 support financially and otherwise the encouragement, advancement and support of education, research and study in actuarial science and related subjects, including but not limited to the following:- 7.1.1.1 the provision of awards and prizes for research, education or other work undertaken in furtherance and development of actuarial science and related subjects either within the United Kingdom or elsewhere including, but not restricted to, any such work at any university, college or place of higher learning or any school. 7.1.1.2 the provision of financial support for publications, courses, conferences and lectures on actuarial science and related subjects including, but not restricted to, any such work carried out at any university, college or place of higher learning or any school. 7.1.1.3 the provision of financial support in the development of mathematical studies and the facilitation of initiatives to encourage mathematical learning and development at any university, college or place of higher learning or any school. 7.1.1.4 the establishment of educational scholarships of any kind in the field of actuarial science and related subjects at any university, college or place of higher learning or any school. and 7.1.1.5 the provision of financial and other support to charities and similar bodies in order to further activities set out in clauses 7.1.1.1– 7.1.1.4. and 7.1.2 support financially and otherwise the actuarial profession and community.

Data Sources

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