AICPA Foundation Awards $277,500 to 92 Minority Accounting Scholars

The AICPA announced that 92 accounting students from across the United States and its territories have been awarded the AICPA Scholarship for Minority Accounting Students for the 2014-15 academic year. The recipients were selected through a rigorous process, which assessed both their academic performance and leadership capability. This year’s minority scholarship program received 358 applications. The undergraduate and graduate level students who have received the scholarship have maintained a minimum 3.0 grade point average, and plan on pursuing CPA licensure. The scholarship is open to underrepresented ethnic minorities.

“The Scholarship for Minority Accounting Students has not only helped me financially, but it has also done a great deal to encourage me academically,” says Issouf Kafando, an accounting major at CUNY – Baruch College and a two-time scholarship recipient. “The AICPA Legacy Scholars program has strengthened my commitment to succeed in school, to become a CPA and an entrepreneur, and to ultimately provide services to communities in the U.S.A. and in Africa. I am very grateful to the AICPA for its continuous guidance and support of my academic endeavors.”

As minority scholarship recipients, the 92 students enter the AICPA Legacy Scholars program, established in 2011. The program awards recipients a one-year AICPA Legacy Scholarship and helps them develop the soft skills needed to maintain a successful career through service. Scholarship recipients plan, promote and execute an eight-hour community service project each semester. The service activity must relate to accounting, serve the community and be meaningful to the student.

Scholarship funding is provided by the AICPA Foundation, with contributions from the Accounting Education Foundation of the Texas Society of CPAs ($10,000), the New Jersey Society of CPAs ($5,000) and Robert Half International ($5,500). The majority of students receive individual awards of $3,000 to fund expenses related to their pursuit of an accounting degree.

A complete list of recipients is available on ThisWayToCPA. To learn more about the AICPA Scholarship for Minority Accounting Students and other scholarship opportunities, visit www.aicpa.org/scholarships.