AICPA Legacy Scholars Program Awards More Than $370,000 in Scholarships

September 11, 2013

Contact: James Schiavone, 212-596-6119,

New York (September 11, 2013) – The American Institute of CPAs today announced that it will award scholarships totaling more than $370,000 to 117 undergraduate and graduate students through the Institute’s Legacy Scholars program. 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, which was established in 2011, is comprised of scholarship recipients from three scholarships– AICPA/Accountemps Student Scholarship, awarded to 10 students for a total of $25,000; AICPA John L. Carey Scholarship awarded to 10 students for a total of $50,000; and the AICPA Scholarship for Minority Accounting Students, awarded to 97 students for a total of $296,500.

“We created the AICPA Legacy Scholars program to incorporate elements of career development and professional support into our existing scholarship programs,” said Scott Moore, AICPA Director – Student and Professional Pathways. “Through the 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.”

As AICPA Legacy Scholars, students perform eight hours of community service per semester. Students 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.

"Being selected as an AICPA Legacy Scholar provided me with an amazing opportunity to share my love of accounting with other students,” said Ashley Amos, Master’s of Accountancy student at Brigham Young University. “For my service project, I represented the CPA profession while helping students through the process of choosing a major and a career. 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 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 guidance on how to best execute their service activity, ensuring they gain the maximum value for their time and effort.

Students may apply for the AICPA’s scholarships online on ThisWaytoCPA between December and April.