By Jason Bramwell
Scholarships totaling more than $370,000 will be awarded to 117 undergraduate and graduate students through the American Institute of CPAs (AICPA)Legacy Scholars program, the AICPA announced on September 12.
Established in 2011, the AICPA Legacy Scholars program awards recipients with a one-year AICPA scholarship and continues to offer benefits beyond their academic careers through the AICPA Legacy Scholars alumni.
The program is comprised of scholarship recipients from three scholarships:
- AICPA/Accountemps Student Scholarship, awarded to ten students for a total of $25,000.
- AICPA John L. Carey Scholarship, awarded to ten students for a total of $50,000.
- AICPA Scholarship for Minority Accounting Students, awarded to ninety-seven students for a total of $296,500.
AIPCA Director of Student and Professional Pathways Scott Moore said in a written statement that the Legacy Scholars program was created to incorporate elements of career development and professional support into the AICPA's existing scholarship programs.
"Through the Legacy Scholars program, the AICPA is cultivating a sense of community in our scholarship recipients and ensuring that they have the support and guidance they need as they complete their education and start their careers as accountants", he added.
As AICPA Legacy Scholars, students perform eight hours of community service per semester. They have the ability to select their community service activity and are encouraged to be as creative as possible. The service activity must relate to accounting, serve the community, and be meaningful to the student. Past examples of projects include teaching financial literacy to veterans, speaking to college classmates about what being a CPA entails, or writing a blog about accounting.
Ashley Amos, a Master of Accountancy student a Brigham Young University in Provo, Utah, said being selected as an AICPA Legacy Scholar provided her with an "amazing opportunity" to share her love of accounting with other students.
"For my service project, I represented the CPA profession while helping students through the process of choosing a major and a career", she said in a written statement. "I was able to ease their stress by sharing my own experiences. I found the process of helping them to be very rewarding."
AICPA Legacy Scholars are Student Affiliate Members of the AICPA, which is a free membership option available to all students who are enrolled in school. Each AICPA Legacy Scholar receives a coach who provides guidance on the student's service project and serves as an advisor for questions related to the profession and the work environment.
In addition, the 300-plus Legacy Scholars have a dedicated, exclusive, interactive community of their peers on ThisWayToCPA.com where they can access resources to assist in their service project.
As part of the application process, students are asked to write an essay describing their intended service project. If selected for the program, the AICPA will provide students with guidance on how to best execute their service activity, ensuring they gain the maximum value for their time and effort.