AICPA awards $691,000 in scholarships to aspiring CPAs

NEW YORK (July 1, 2024) - The American Institute of CPAs (AICPA) Foundation has awarded $691,000 in academic scholarships to 127 students for the 2024-2025 academic year through the AICPA Legacy Scholars Program.

The AICPA Foundation was established in 1922 to advance the science of accountancy and accounting education. For more than 100 years, the Foundation has focused on supporting the next generation of CPAs through accounting education and outreach, scholarships and fellowships, and diversity and inclusion.

"As the profession faces change on many fronts, the AICPA remains committed to supporting the best and brightest new students and Exam candidates on their path to a career in accounting," said Mike Decker, vice president of CPA Examination and pipeline at the AICPA. "The Legacy Scholars Program provides talented students from a wide range of backgrounds with financial assistance to complete their education, along with resources and guidance to help them get started in their career."

The AICPA Legacy Scholars Program consists of five distinct scholarships:

The complete list of 2024-25 recipients can be found at ThisWaytoCPA.com/LegacyScholarships.

The AICPA Foundation also offers educational funding to exam candidates through the CPA Exam Scholarship and to CPAs pursuing accounting doctoral studies through the AICPA Foundation Fellowship for Accounting Doctoral Students. The Fellowship seeks to support CPAs with recent accounting experience who want to serve as role models and mentors to young people in the academic environment. The 2024-2025 recipients for these programs will be announced later this year.

For more information about the AICPA Foundation and the support it provides to accounting students, view the Foundation's most recent annual report.

About AICPA & CIMA, together as the Association of International Certified Professional Accountants

AICPA® & CIMA®, together as the Association of International Certified Professional Accountants (the Association), advance the global accounting and finance profession through our work on behalf of 597,000 AICPA and CIMA members, candidates and registrants in 188 countries and territories. Together, we are the worldwide leader on public and management accounting issues through advocacy, support for the CPA license, the CGMA designation and specialized credentials, professional education and thought leadership. We build trust by empowering our members, candidates and registrants with the knowledge and opportunities to be leaders in broadening prosperity for a more inclusive, sustainable and resilient future.

About the AICPA Foundation

The AICPA Foundation was established in 1922 to advance accounting as a learned profession and promote its future. To encourage a wide range of talented and diverse students to pursue their CPA, the Foundation is committed to three main areas: accounting education and outreach, scholarships and fellowships, and diversity and inclusion. Within these areas of focus, the Foundation funds over $1.3 million in programming each year, provided in part by donations from individuals, state societies, accounting firms and others.

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