The IFoA Foundation is accelerating towards an ambitious set of goals, creating the framework for our three-year plan (3YP), which will take us up to June 2024.
Key to the delivery of the 3YP is the development of ongoing relationships with organisations that share our vision and values. With tailored, long-term and symbiotic partnerships, reflecting each organisation’s mission and purpose, we hope to deepen our impact and promote the Foundation’s longer-term sustainability on multiple levels.
We are enormously grateful to Barnett Waddingham, LCP, GenRe, Hymans Robertson and Milliman for their early commitment as Founding Partners.
Last year, the Foundation welcomed representatives onto an Equity, Diversity and Inclusion Steering Group, with engagement from other organisations such as EY, PwC and the IFoA Diversity Action Group. Milliman also linked with our partner, the Actuarial Academy of East Africa, to mentor young actuaries in East Africa. Andrew Vaughan, senior partner at Barnett Waddingham, said: “Partnering with the IFoA Foundation allows us to do the right thing – not only for our people and clients, but also for the future of the actuarial profession.”
“The aims of the IFoA Foundation are a great match with the work we support through our own Foundation, helping to improve the lives of young people and communities facing hardship or disadvantage”- Sarah Gilmour, Manager Corporate Social Responsibility, Hymans Robertson
After a year of launches and responding to opportunities, as well as expanding our networks, we are now focused on our 3YP. The plan sets out seven goals and a strategic, proactive approach to consolidating, optimising and evaluating activities, with an income model that aims for a sustainable future. We will roll out scholarship programmes, continue projects with schools, introduce mentoring support, launch new prizes and awards globally, and expand education ‘hardship’ grants to offer more sustained support. Our partners will be essential to the delivery of these activities.
Working with key stakeholders, the Foundation will identify and engage up to 10 partners during the next 12 months. An annual contribution of more than £5,000 will be requested, with skill sharing and pro bono support to help sustain operational capacity (HR, IT, legal and so on). Partners will have the opportunity to shape the grant programme and deepen its charitable impact, for example with mentoring support and strategic input, and to positively impact and influence the actuarial profession. They will link with other partners and stakeholders, including trustees and senior IFoA representatives, and be a part of exciting projects and initiatives, working with beneficiaries in the UK and globally.
If you would like to learn more about our 3YP or our plans for partnership working, please contact Belinda Dee (general manager) via [email protected].
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