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    IFoA Foundation - Grant Application - June 2021

    Uploaded by

    Kimondo King
    The document is an application form for an education grant from the IFoA Foundation. It requests information from the applicant such as their name, location, details of any previous grants, the amount of funding sought, and an explanation of how the grant will help them pursue their objectives. The applicant, Ndiritu James Johnson Kimondo, is seeking £1000 to help fund exams to become an actuary, as financial hardship has made pursuing this goal challenging. Guidelines for applicants provide additional context on the types of applications considered and required supporting documents.

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    © All Rights Reserved
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    IFoA Foundation - Grant Application - June 2021

    Uploaded by

    Kimondo King
    116 views4 pages
    The document is an application form for an education grant from the IFoA Foundation. It requests information from the applicant such as their name, location, details of any previous grants, the amount of funding sought, and an explanation of how the grant will help them pursue their objectives. The applicant, Ndiritu James Johnson Kimondo, is seeking £1000 to help fund exams to become an actuary, as financial hardship has made pursuing this goal challenging. Guidelines for applicants provide additional context on the types of applications considered and required supporting documents.

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    IFoA Foundation_Grant Application_June 2021

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    The document is an application form for an education grant from the IFoA Foundation. It requests information from the applicant such as their name, location, details of any previous grants, the amount of funding sought, and an explanation of how the grant will help them pursue their objectives. The applicant, Ndiritu James Johnson Kimondo, is seeking £1000 to help fund exams to become an actuary, as financial hardship has made pursuing this goal challenging. Guidelines for applicants provide additional context on the types of applications considered and required supporting documents.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    116 views4 pages

    IFoA Foundation - Grant Application - June 2021

    Uploaded by

    Kimondo King
    The document is an application form for an education grant from the IFoA Foundation. It requests information from the applicant such as their name, location, details of any previous grants, the amount of funding sought, and an explanation of how the grant will help them pursue their objectives. The applicant, Ndiritu James Johnson Kimondo, is seeking £1000 to help fund exams to become an actuary, as financial hardship has made pursuing this goal challenging. Guidelines for applicants provide additional context on the types of applications considered and required supporting documents.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    of 4

    Education Grant Application

    Please complete this form to allow the IFoA Foundation Trustees to consider your grant application. The
    completed form and any enclosures should be sent by email to [email protected]
    Please note: Applications must also include the additional supplementary information outlined in
    the attached Guidelines for applicants.

    1 Name of applicant (individual or organisation) Ndiritu James Johnson Kimondo

    2 Location Nyeri County, Kenya

    3 E-mail address for correspondence [email protected]

    4 Date of application 14th July 2021

    5 Please provide details of any previous


    grant(s) from any part of the Institute and
    Faculty of Actuaries or its charities.

    6 Please specify the monetary level of grant £1000


    sought and when it might it be required.
    Required by: March 2022.
    7 Please explain why you are seeking a grant and provide full details about how our grant will help you/your
    organisation meet your objectives.

    Am actuarial student at Karatina University who is greatly interested in pursuing IFoA


    Examinations.
    My long term goal is to become an actuary. This has however been a challenge due to the financial
    hardships in my family. In the past I only managed to complete my high school education through
    Harambee (fundraising). In the university, am a HELB ( High Education Loan Board) beneficiary since I
    would not manage to pay for my fees.

    Given this grant I will manage to sit for the for the Actuarial Exams which has always been my greatest
    dream. I promise to work hard and give it my best try.

    The IFoA Foundation is a registered Scottish Charity (SC049518) at Level 2, Exchange Crescent, 7
    Conference Square, Edinburgh, EH3 8RA
    IFoAF/1020
    8 Please provide any further information that you think the Trustees would find helpful. You may also
    include any other relevant documentation with your email application.

    9 Please ensure that you have attached the following information with your application:

     Your current CV or resume


     For university student application: your university exam transcript
     For IFoA examination support: your degree certificate, record of IFoA exam performance to date
     Proof of eligibility for reduced rate IFoA subscription fees

    If you are applying for a grant to fund IFoA examinations, then we would like to track your progress. Please
    tick this box to give the Trustees permission to do so. 
    We would like to keep in touch with you. Please tick this box if you would like to hear about our work, future
    funding opportunities and receive occasional updates. You can opt out at any time. 
    Guidelines for applicants

    i The IFoA Foundation seeks to support education, research and study in actuarial science and
    related subjects, including but not limited to:
    o Prizes and awards in research, education and other work in furthering actuarial science
    o Financial support for publications, courses and conferences
    o Financial support to encourage learning and development
    o Educational scholarships
    o Support to other charities

    ii Applications will be considered by the IFoA Foundation’s Trustee Board on a case by case basis,
    and assessed against the IFoA Foundation’s guiding principles:
    o Rewarding excellence
    o Supporting our community
    o Addressing future challenges

    The Trustees’ decision is final.

    iii The IFoA Foundation is open to applications from anywhere in the world.

    iv Please provide as much detail as possible to assist the Trustees’ decision-making. This may
    include appendices or other supporting documentation.

    v On consideration of your application, we may request additional information to aid our decision,
    such as financial accounts, certain policies, references or supporting documentation.

    vi The information you provide will be kept secure and managed in accordance with the Data
    Protection Act and the General Data Protection Regulation. You can find out more at
    https://www.actuaries.org.uk/about-us/ifoa-foundation/about-ifoa-foundation.

    Additional information for educational grant applications

    vii Education grant applications are considered by the IFoA Foundation twice annually, with
    application deadlines of 30 June and 31 December each year.

    viii Applicants must have a household income of less than £25,000 per annum and any IFoA members
    applying must be eligible for the reduced rate IFoA subscription fees.

    ix The IFoA Foundation will offer grants up to £1,000. You may apply for more than one grant over a
    period of time, but the total will be capped at £1,000 across all your grants together.

    x You must either be a member of the IFoA or demonstrate a commitment to join the IFoA.

    xi Any grant recipient must agree to participate reasonable promotion activities for the IFoA
    Foundation.

    xii Grant applications will be considered to support:


    o Tuition fees for undergraduate or taught post-graduate courses in actuarial science at an
    IFoA accredited university (anywhere in the world)
    o IFoA examination fees
    o Exemption fees for IFoA examinations
    o Study material for IFoA examinations
    Please note that any grant required to pay for IFoA material will be paid directly from the
    Foundation to the IFoA.

    xiii You must:


    o Outline the steps you have already taken to seek funding from elsewhere.
    o Confirm that your employer is not covering the cost

    xiv You must also include:


    o Your current CV
    o For university student application: your university exam transcript
    o For IFoA examination support: your degree certificate, record of IFoA exam performance
    to date
    o Proof of eligibility for reduced rate IFoA subscription fees

    Please note: the IFoA Foundation will be unable to consider applications that do not include the
    items under xiii) and xiv) above.

    xv The IFoA Foundation may request additional documentary evidence of your financial position, if
    required to support its decision-making.

    xvi The Foundation is committed to ensure diversity and fairness in the process with regards to
    gender, race, ethnicity, religion, socioeconomic status, sexual orientation, age, physical abilities,
    learning abilities, political beliefs and other ideologies.

    xvii We regret that the IFoA Foundation is unable to fund:


    o Living expenses
    o IFoA Data Science Credentials
    o CERA qualifications
    o CAA Global qualifications
    o Individual PhDs, MBAs or GMATs

    Thank you for your application and your interest in the IFoA Foundation.

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