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Charity Details

 

The IFoA Foundation

SC049518Registered charity from 05 August 2019
2MB ZIP file, with green, blue and mono style logos
2MB ZIP file, with green, blue and mono style logos
Information about this charity:
Charity Information Operations Annual Submissions Income and Expenditure Charity Trustees
Documents overdue: 7 days

This charity failed to provide all of the information on its finances by its annual submission deadline.

Check important information
Overdue

This charity failed to provide all of the information on its finances by its annual submission deadline.

Notes:
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.
Charity Information:
Address c/o Brodies LLP
Capital Square
58 Morrison Street
Edinburgh
Postcode EH3 8BP
Website https://www.actuaries.org.uk/about-us/ifoa-foundation
Regulatory Type Standard
Object:
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.
Operations:
What the charity is set up to do and how it does this:
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.
Charity Status: Active
Constitutional Form: SCIO (Scottish Charitable Incorporated Organisation)
Constitutional Form Date: 05 Aug 2019
Main Operating Location: City of Edinburgh
Number of Staff: 2
Number of Volunteers: 1-50
Purposes: "the advancement of education", "the advancement of the arts, heritage, culture or science"
Beneficiaries: "Children or young people", "Other charities or voluntary bodies"
Types Of Activity Undertaken: "It makes grants, donations, loans, gifts or pensions to individuals", "It makes grants, donations or gifts to organisations"
Annual Submissions:
Year End Income Expenditure Annual Return Received Accounts Received Latest Annual Reports and Accounts
30 Jun 2021 £249,413 £186,945 22 Dec 2021 Yes
30 Jun 2022 £470,060 £148,309 06 Jan 2023 Yes
30 Jun 2023 £158,184 £167,455 28 Mar 2024 Yes
30 Jun 2024 £211,062 £250,670 03 Jul 2025 Yes Visit Charity's Website
30 Jun 2025 No Annual Information due by 31 Mar 2026
If an annual return has been received on time (within nine months of the Year End Date), the 'Annual Return Received' box is green   . If an annual return is late, the box is red   .
Income and Expenditure:
Charity Trustees:
First Name Last Name
David Thomson
Chantal Bond
Masimba Zata
Catherine Lyn
Joey Zhou
Simon Dudley
Sunil Sharma
From 09 March 2026, OSCR is required by law to publish the names of a charity’s trustees as part of its Scottish Charity Register entry. We are also required to publish each charity’s annual report and accounts as received from this date, which may include the names of certain individuals. The only exceptions to publication are where a charity or one of its charity trustees applies for this information to be excluded, and OSCR is satisfied that publishing it would jeopardise the safety or security of a person or premises.

If the charity trustee information on a Register entry appears blank, this may mean that an exemption applies or that the charity has not yet provided the required details to OSCR. Supplying this information will become mandatory as part of future annual submissions.
Copyright

From 30 June 2025, OSCR began collecting charity trustee information through OSCR Online. Providing this information is a legal requirement for all charities. The names of trustees will be published on the Scottish Charity Register from early 2026 to promote transparency and strengthen public trust in the sector.

© Office of the Scottish Charity Regulator 2006. Crown Database Right 2006.

The Scottish Charity Register ("The Register") is subject to Crown database right.

The Scottish Charity Register is licenced under the Open Government Licence v3.0.

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When you use this information under the OGL, you should include the following attribution: © Crown Copyright and database right 2020. 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.

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