AICPA Foundation Annual Report
"The AICPA Foundation Board of Trustees is pleased to present this Annual Report, in an effort to share a glimpse of the programs and services supported throughout the year.
To all CPAs, firms and organizations that have helped the Foundation make a difference in the future of the accounting profession, I thank you so much.”
- Randy G. Fletchall, CPA, Foundation President 2014-2017
2016-2017 By the Numbers
From the $2 million revenue received in 2016-2017, $1.7 million has been reinvested into funded programs. That's 85%!
In 2017, The APBP held 14 training sessions, participated in 20 state society collaborations, and trained 350 teachers.
The Accounting Doctoral Scholars (ADS) Program supported 10 new doctoral students this past year.
The AICPA Fellowship for Minority Doctoral Students shared $300,000 with 25 recipients (16 female, 9 male).
We awarded $451,000 worth of minority accounting scholarships to 89 students (45 female, 44 male) in 2016-2017.
20 recipients of Two-Year Transfer Scholarships (11 female, 9 male) received $120,000 in 2016-2017
John L. Carey Scholarships gave $25,000 to 4 recipients (3 female, 1 male) in the past year.
More than 1,100 students attended 30 events in 2017 as part of our Academic Champions program.
National Commission on Diversity and Inclusion (NCDI) received $319,000 for program expenses 2016-2017.
Accounting Scholars Leadership Workshop (ASLW) was allocated $150,000 for 2017 (participants: 64% female, 36% male).
Affinity Partner Scholarships range from $2,500-$5,000 for student members from ALPFA, ASCEND, ISFFA, NABA and NCPACA.
Howard University Center for Accounting Education: We're About Success! Program was given $20,000 so that 121 young African-American professionals could participate in 2017.
The PhD Project has $50,000 set aside for minority doctoral students in the pipeline.
*Note: In 2016, the Foundation changed its yearend from July 31 to December 31. The financial information presented covers comparable 12month periods ended July 31 and all amounts and summaries should be considered as unaudited information. The most recent audited financial statements of the Foundation are for the five months ended December 31, 2016, and are available upon request.
