University Accounting Programs Receive Gifts

Kansas State University, located in Manhattan, Kansas, recently received a gift of $38,400 from the accounting firm of Grant Thornton, located in Wichita. The Wichita Business Journal reports this commitment will go to the K-State University Foundation Changing Lives Campaign and will be used to help establish the Grant Thornton Department Head Fellowship in Accounting.

The university also received an undisclosed amount from Brenda and Gib Compton to the Changing Lives Campaign that will be used to establish four scholarships, a fellowship and a building fund. Gib Compton is a 1980 graduate and Brenda is a 1977 graduate of Kansas State University, according to the Wichita Business Journal.

The CPA Endowment Fund of Illinois supports the Illinois CPA Society Accounting Scholarship Program. The program awards seven scholarships to worthy Illinois college and university students. They must be completing their fifth year of education and planning to sit for the CPA exam. The program is seeking students with CPA potential and needing financial assistance in their fifth year of accounting education. The Fund also supports accounting scholarships at the following programs:

  • Arthur R. Wyatt Accounting Scholarship Program (University of Illinois at Urbana-Champaign)
  • Kenneth J. Hull and Jacqueline M. Hull Accounting Scholarships (Southern Illinois University–Carbondale)
  • Marian Powers Accounting Scholarship (Chicago State University)
  • Needles/Snow/Wish Scholarships (DePaul University)
  • Herman J. Neal Scholarship Program for African-American Future CPAs
  • Advancing Women in Accounting Scholarship Program (Illinois CPA Society Women’s Executive Committee)

George Mason University in Fairfax, Virginia, was the recipient of their largest corporate endowment in their 34-year history, back in March, to their Campaign for Mason Students. The accounting and consulting firm Beers & Cutler, with founding member Jim Beers, gifted the university a donation totaling $250,000 to establish the James R. Beers Accounting Scholarship Endowment. Baker Tilly International reports that each Beers scholar will receive an award of $2,000 that is renewable for the following year if the recipient remains in good academic standing. A total of six scholarships, three junior and three senior, will be chosen annually based on these criteria:

  • Accounting majors
  • Accounting GPA of 3.25 or higher
  • Cumulative GPA of 3.15 or higher
  • Community service with leadership activities
  • Faculty recommendations

Richard Klimoski, dean of the university’s School of Management, said in a prepared statement, “Beers & Cutler’s inaugural leadership gift to the Campaign for Mason Students enhances our already strong alliance with the firm and is also a fitting tribute to the professional accomplishments and community leadership of Jim Beers. Beers & Cutler has long been a champion of accounting education, and its generous gift will not only fortify George Mason’s endowment but will also help build a talented and diverse community of accounting professionals ready to contribute to the economic vitality of the Northern Virginia region,” according to Baker Tilly International.

Beers & Cutler, with founding member Jim Beers, is also gifting the University of Maryland’s Robert H. Smith School of Business. The endowment of $250,000 is designated for undergraduate scholarships for the Smith School’s College Park and Shady Grove campuses, according to a prepared statement by the Robert H. Smith School of Business. A combination of five junior and senior students will receive scholarships of $2,500. The recipients must meet the following criteria:

  • Accounting majors
  • Accounting GPA of 3.5 or higher
  • Evidence of leadership
  • Financial need

The endowment is will also be funding two Beers & Cutler Teaching Scholarships given to two exemplary senior accounting majors enrolled in the Smith School. Their selection will be based on their academic achievement, technical skills, proficiency and interpersonal skills, according to the Robert H. Smith School of Business. They will work 500 hours per academic year teaching class review sessions and receive stipends of $3,200.

In a prepared statement, the Smith School’s dean Howard Frank said, “Our long-time relationship with Jim Beers and Beers & Cutler includes a shared commitment to the growth of the Smith School’s accounting students, as well as a shared support for the accounting profession. We are delighted to accept this gift which will play a positive role in the educational development of the next generation of accounting professionals in the Washington, D.C., region.”

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