New scholarship memorializes Virginia Tech victims

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The Virginia Society of Certified Public Accountants (VSCPA) Educational Foundation is pleased to announce the establishment of the Austin M. Cloyd and Matthew G. Gwaltney Doctoral Scholarship Fund, designed to honor the victims of the Virginia Tech shooting tragedy in 2007. This new scholarship provides needed financial support to students pursuing a doctoral degree in accounting at Virginia Polytechnic Institute and State University (Virginia Tech).

Two Virginia families in the CPA community were profoundly impacted by the tragic events at Virginia Tech on April 16, 2007. Bryan Cloyd, a professor of accounting at Virginia Tech, and his wife Renee lost their daughter Austin, and Linda Gwaltney, CPA, an accounting manager at Philip Morris in Richmond, lost her stepson Matthew, son of Gregory Gwaltney Jr. and Karen Gwaltney. The VSCPA Educational Foundation established this scholarship to honor and remember the lives of Austin and Matthew.

Several CPA firms and companies contributed generously to the VSCPA Educational Foundation to establish the scholarship $50,000 fund, many participating in the statewide Virginia Tech Day of Remembrance on April 16, 2008 to collect donations. The Foundation thanks the following organizations for their contributions:

  • Goodman & Company
  • Virginia Society of CPAs
  • Beers + Cutler
  • Reznick Group
  • Mitchell Wiggins & Company
  • Clifton Gunderson
  • Yount, Hyde & Barbour

The Austin M. Cloyd and Matthew G. Gwaltney Doctoral Scholarship will be given annually in the amount of $2,500. The first scholarship will be awarded in spring 2009 for the 2009–2010 academic year.

Although the Foundation has reached its initial fundraising goal for the scholarship, it will continue to actively solicit contributions to grow the fund. Read more about the scholarship and make a contribution today.

Founded in 1984, the VSCPA Educational Foundation is a 501(c)3 nonprofit organization dedicated to attracting future CPAs by promoting financial and accounting education, rewarding academic excellence, and encouraging students to pursue promising careers. The Foundation supports students and educators in Virginia through undergraduate and graduate scholarships, financial literacy grants, and award/recognition programs. New in 2007, the Foundation launched The Leaders' Institute for Virginia college accounting students - a three day, all expenses paid program to build future leaders of the CPA profession. You can read more information on the VSCPA Educational Foundation and its programs.

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