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Actus Financial Research Foundation is a private corporation based in ROCKVILLE, MD. The foundation received its IRS ruling in 2022. The principal officer is Jan Klein. It holds total assets of $291K. Annual income is reported at $71K. Total assets have grown from N/A in 2015 to $275K in 2023. The foundation is governed by 7 officers and trustees. Project "actus" (which stands for algorithmic contract types unified standards) began as an effort by a group of academics, finance experts, and former regulators to directly address the disarray in financial data revealed by the 2008 financial crisis. The primary purpose of actus financial research foundation is to conduct scientific research relating to the creation of a data standard for financial contracts that would provide better regulatory and risk management information to avert problems such as the 2008 financial crisis. The foundation works to create a data standard and software/computer algorithms for the purpose of enabling financials institutions, scholars, researchers, regulatory and other governmental bodies to model the operation of financial firms and systems using granular transaction and position data. The actus data standard and associated algorithms are being made available as open-source, royalty-free software via github to all legally qualified users. According to its most recent filing, the foundation only makes contributions to preselected charitable organizations. Tax records are available from 2020 to 2023. According to available records, Actus Financial Research Foundation has made 7 grants totaling $27K, with a median grant of $5K. Annual giving has decreased from $26K in 2021 to $1K in 2022. Individual grants have ranged from $500 to $10K, with an average award of $4K. The foundation has supported 6 unique organizations. Grants have been distributed to organizations in California and New York. Contributions to this foundation are tax-deductible.
Smallest Grant
$503
Median Grant
$5K
Average Grant
$5K
Largest Grant
$10K
Based on 5 grants from the most recent 990-PF filing.
Project "actus" (which stands for algorithmic contract types unified standards) began as an effort by a group of academics, finance experts, and former regulators to directly address the disarray in financial data revealed by the 2008 financial crisis. The primary purpose of actus financial research foundation is to conduct scientific research relating to the creation of a data standard for financial contracts that would provide better regulatory and risk management information to avert problems such as the 2008 financial crisis. The foundation works to create a data standard and software/computer algorithms for the purpose of enabling financials institutions, scholars, researchers, regulatory and other governmental bodies to model the operation of financial firms and systems using granular transaction and position data. The actus data standard and associated algorithms are being made available as open-source, royalty-free software via github to all legally qualified users.
Expenses: $65K
Project "actus" (which stands for algorithmic contract types unified standards) began as an effort by a group of academics, finance experts, and former regulators to directly address the disarray in financial data revealed by the 2008 financial crisis. The primary purpose of actus financial research foundation is to conduct scientific research relating to the creation of a data standard for financial contracts that would provide better regulatory and risk management information to avert problems such as the 2008 financial crisis. The foundation works to create a data standard and software/computer algorithms for the purpose of enabling financials institutions, scholars, researchers, regulatory and other governmental bodies to model the operation of financial firms and systems using granular transaction and position data. The actus data standard and associated algorithms are being made available as open-source, royalty-free software via github to all legally qualified users. Based on available records, the foundation has funded 7 grants. Its grantmaking reaches organizations primarily in CA, NY.
Actus Financial Research Foundation has distributed a total of $27K across 7 grants. The median grant size is $5K, with an average of $4K. Individual grants have ranged from $500 to $10K.
Actus Financial Research Foundation typically selects its grantees rather than accepting unsolicited proposals.
Actus Financial Research Foundation is headquartered in ROCKVILLE, MD. While based in MD, the foundation distributes grants to organizations across 2 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Jefferson Braswell | CHAIRMAN | $0 | $0 | N/A |
| Allan Mendelowitz | PRESIDENT | $0 | $0 | N/A |
| Robert Mark | GOVERNOR | $0 | $0 | N/A |
| Jan Klein | TREASURER | $0 | $0 | N/A |
| Henriette Elise Breymann | SECRETARY | $0 | $0 | N/A |
| John Bottega | GOVERNOR | $0 | $0 | N/A |
| Joe Langsam | GOVERNOR | $0 | $0 | N/A |
Total Giving
$64K
Total Assets
$275K
Fair Market Value
$275K
Net Worth
$267K
Grants Paid
N/A
Contributions
$55K
Net Investment Income
$1K
Distribution Amount
N/A
Total Grants
7
Total Giving
$27K
Average Grant
$4K
Median Grant
$5K
Unique Recipients
6
Most Common Grant
$5K
of 2022 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Christopher AuthAWARD FOR SCIENTIFIC ACHIEVEMENT | — | $500 | 2022 |
| Ariadne Business AnalyticsAWARD FOR SCIENTIFIC ACHIEVEMENT | — | $10K | 2021 |
| Francis ParrAWARD FOR SCIENTIFIC ACHIEVEMENT | New York, NY | $5K | 2021 |
| Talisan AssociatesAWARD FOR SCIENTIFIC ACHIEVEMENT | Cypress, CA | $5K | 2021 |
| Bundi ConsultingAWARD FOR SCIENTIFIC ACHIEVEMENT | — | $5K | 2021 |
| Janic CavegnAWARD FOR SCIENTIFIC ACHIEVEMENT | — | $503 | 2021 |