01 Identity
Scottish charity record
- OSCR charity number
- SC049518
- Status
- Not Submitted
- Regulatory type
- Standard
- Designated religious body
- No
- Geographical spread
- Scotland and other parts of the UK
- Volunteers
- 1-50 volunteers
- Staff
- 2
- Postcode
- EH3 8BP
OSCR note: This charity was established to replace The Faculty of Actuaries in Scotland Charitable Trust SC040225. The Faculty of Actuaries in Scotland Charitable Trust SC040225 has now wound up and passed its assets and liabilities to The IFoA Foundation SC049518 which is a SCIO.
02 Purpose and work
What the charity exists to do
The IFoA Foundation is the charity of the Institute and Faculty of Actuaries, working with the global actuarial community for positive social impact. Hundreds of young people around the world have limited opportunities or experience financial challenges. Through actuarial education, they are seeking to create a better future for themselves, their families, and communities. The IFoA Foundation is already helping some of them with grants, scholarships, mentoring, and connections. But this is just the beginning. We are actively fundraising to enable more promising individuals to fulfil their potential in our profession. Thanks to generous support from the IFoA, 100% of all donations go directly to projects encouraging young mathematicians and changing the career trajectory of aspiring actuaries worldwide. Objectives We have 3 objectives: supporting our community, rewarding excellence, and addressing future challenges.
Charitable purposes
- the advancement of education
- the advancement of the arts, heritage, culture or science
Beneficiaries
- Children or young people
- Other charities or voluntary bodies
Activities
- It makes grants, donations, loans, gifts or pensions to individuals
- It makes grants, donations or gifts to organisations
Constitutional 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.
03 Annual returns
Income and expenditure history
| Year end | Income | Expenditure | Staff | Return received |
|---|---|---|---|---|
| 30 June 2025 | £0 | £0 | 2 | Not supplied |
| 30 June 2024 | £211,062 | £250,670 | 2 | 3 July 2025 |
| 30 June 2023 | £158,184 | £167,455 | 2 | 28 March 2024 |
| 30 June 2022 | £470,060 | £148,309 | 2 | 6 January 2023 |
| 30 June 2021 | £249,413 | £186,945 | 2 | 22 December 2021 |
Figures are those reported by the charity and supplied in the OSCR bulk download. Blank facts remain distinct from zero.
04 Contact record
Principal office or trustees address
- Address supplied to OSCR
- c/o Brodies LLP, Capital Square, 58 Morrison Street, Edinburgh
- Website supplied to OSCR
- https://www.actuaries.org.uk/about-us/ifoa-foundation
- Parent charity
- Not supplied
No direct external links on this profile. The official OSCR record and source documentation are available through BritDB’s dedicated source page.
05 Provenance
Source for this profile
© Crown Copyright and database right 2026. Contains information from the Scottish Charity Register supplied by the Office of the Scottish Charity Regulator and licensed under the Open Government Licence v.3.0. BritDB is an independent service and does not claim to be the Scottish Charity Register.