KPMG Foundation Awards $450,000 in Scholarships to Minority Accounting Doctoral Scholars
by Terri Eyden on
By KPMG LLC
The KPMG Foundation  announced it has awarded a total of $450,000 in scholarships to minority accounting doctoral students for the 2013-2014 academic year.
The recipients include eleven new recipients and thirty-four students whose scholarships have been renewed. Each scholarship is valued at $10,000 and is renewable annually for up to five years.
"The KPMG Foundation is proud of the very positive influence it has had in helping to increase the number of diverse faculty members at our nation's colleges and universities," said Jose Rodriguez, KPMG Foundation chairperson. "The Minority Accounting Doctoral Scholarship  will play a critical role in transforming these forty-five talented students into educators who will shape tomorrow's business leaders."
Since 1994, the KPMG Foundation has awarded over $15 million to 320 African-American, Hispanic-American, and Native American scholars pursuing doctorate degrees, as part of its ongoing commitment to increase the representation of minority students and professors in business schools. Today, 213 of those scholarship recipients have successfully completed their doctoral programs and are professors at universities throughout the country.
KPMG Foundation also supports the PhD Project , a related program aimed at increasing the diversity of business school faculty. Since its inception in 1994, the PhD Project has increased the number of minority business professors from 294 to 1,217, and there are currently 361 minority doctoral student members of the PhD Project.
"Business leaders realize success by understanding the complexities of a global marketplace," said Rebecca P. Sproul, KPMG LLP's national managing partner of University Relations and Recruiting. "These lessons begin in the classroom, and diverse educational environments provide future leaders with the perspective that is necessary to thrive in their professions."