Foundation Initiatives Banner

Foundation Initiatives

PRIMARY/SECONDARY

ENACTUS

Founded in 1975 and active on more than 1,600 college and university campuses in 37 countries, ENACTUS is a nonprofit organization that works in partnership with business and higher education to provide college and university students the opportunity to make a difference and to develop leadership, teamwork, and communication skills through learning, practicing, and teaching the principles of free enterprise.

  • KPMG Foundation has a multiyear investment in ENACTUS of $50,000 annually, and worldwide, KPMG practices • provide more than $250,000 annually.
  • KPMG partners and senior managers actively participate as judges at ENACTUS regional, national, and World Cup competitions.
  • KPMG partner Shaun Kelly and Foundation president, Bernie Milano, serve on ENACTUS’ executive committee and board of directors.
  • KPMG International member-firm partners serve as chairmen and board members for ENACTUS in other countries.

For more information, contact ENACTUS World Headquarters at 1-800-677-SIFE, or visit www.enactus.org.

NATIONAL ACADEMY FOUNDATION

KPMG Foundation’s strategic collaboration with the National Academy Foundation (NAF) embodies our belief in expanding horizons, and our alignment with KPMG LLP’s corporate responsibility.

NAF is a leader in preparing young people for college and career success. With a focus on industry-focused curricula, work-based learning experiences, and business partner expertise, it has grown since 1982 to 500 business academies serving more than 50,000 students, mostly in urban areas. About 90 percent of these students graduate high school and four out of five NAF students go on to college or other post-secondary education.

In addition to committing financial support, KPMG Foundation launched a comprehensive, cross-platform alliance with NAF in fiscal 2011 to strengthen high school accounting education at NAF’s finance academies nationwide.

Through this collaboration, volunteer KPMG professionals inject industry relevance into the classroom. They share their knowledge with students through job shadowing, mock interviews, guest-speaking, and resume/portfolio reviews.

Reaching further, the Foundation engaged volunteer accounting professors who are alumni of The PhD Project, to provide professional guidance to NAF’s accounting curriculum.

JUNIOR ACHIEVEMENT

In 2012 KPMG Foundation set in motion a plan to launch a six year, $1,750,000 partnership commitment to Junior Achievement, the world’s largest organization dedicated to educating students about workforce readiness, entrepreneurship and financial literacy through experiential programs.

Extending KPMG Foundation’s workforce readiness and diversity pipeline strategies into middle and secondary school education, we will become a major funder of Junior Achievement starting in fiscal 2013. We will leverage financial support by encouraging alumni and current doctoral students of The PhD Project to interact with Junior Achievement students in middle and high schools across the country. KPMG LLP Partner Larry Leva serves as Chair of the Board of Directors of JA USA.

For more information visit www.juniorachievement.org

UNDERGRADUATE

Beta Alpha Psi Scholarship Program (BAP)

This honorary organization encourages community involvement for Financial Information students and professionals. The KPMG Foundation awards $100,000 per year to be used to fund “superior” chapters and “gold chapter” awards. The Foundation also provides a $10,000 grant to offset expenses for BAP’s annual Student Community Service Day. KPMG has been the leading financial supporter of Beta Alpha Psi for several decades.

For more information visit www.bap.org.

GRADUATE

Minority Accounting Doctoral Scholarships

The KPMG Foundation Minority Accounting Doctoral Scholarships aim to further increase the completion rate among African-American, Hispanic-American and Native American doctoral students. The scholarships provide the funding for them to see their dreams come to fruition. To date, KPMG Foundation’s total commitment to the scholarship program exceeds $15 million.

Financial support often determines whether a motivated student can meet the escalating costs of higher education. For most of those students, a return to school means giving up a lucrative job. For some, acceptance in a doctoral program means an expensive relocation. Still others need enough time to study without the burden of numerous part-time jobs.

The PhD Project

The mission of The PhD Project is “to increase the diversity of business school faculty by attracting African-Americans, Hispanic-Americans, and Native Americans to business doctoral programs and providing a network of support during their doctoral programs.”

In pursuit of its mission and objectives, The PhD Project reaches out to bright, highly motivated minority individuals, encouraging them to consider doctoral studies in business and careers as business professors. KPMG Foundation is the founder, lead sponsor, and administrator of The PhD Project.

Since its inception in 1994, the Project has more than quadrupled the number of minority business professors.

The PhD Project Doctoral Students Associations (DSAs) help sustain a high level of commitment and sense of connection among minority doctoral students in business through networking, joint research opportunities, peer support, and mentoring. As a result, close to 90 percent of DSA members have completed or are continuing in their doctoral programs, compared with 70 percent among doctoral candidates generally. AACSB International reports that 67 percent of those who earn business doctorates are in teaching positions. For The PhD Project, that number is an astounding 97 percent!

For more information about The PhD Project and its Doctoral Students Associations, visit www.phdproject.org.

FACULTY

Academic Conferences

The KPMG Foundation is the sole sponsor of the following prestigious academic conferences throughout the academic year, which include:

  • American Accounting Association – Auditing Section Doctoral Consortium
  • American Accounting Association – Auditing Section Mid-Year Meeting
  • American Accounting Association – Information Systems Mid-Year Meeting
  • American Accounting Association – Information Systems Doctoral Consortium
  • American Accounting Association – International Section Mid-Year Meeting
  • American Accounting Association – International Section Doctoral Consortium
  • American Tax Association Doctoral Consortium
  • New York University Journal of Law, Finance and Accounting Conference
  • University of Chicago Journal of Accounting Research Conference
  • University of Illinois Audit Research Symposium
  • University of North Carolina/Duke “Accounting Camp”
  • University of North Carolina Tax Policy Symposium
  • University of North Carolina Journal of Business Finance and Accounting Annual Conference

Each sponsorship, while modest in amount, allows each program to have a greater impact on many faculty members who in turn improve their ability to impart knowledge and skills to tens of thousands of students.

Campus Compact

Campus Compact is a national coalition of more than 1,000 college and university presidents – representing some 6 million students – dedicated to promoting community service, civic engagement, and service-learning in higher education.

Our grant of $50,000 enables this organization to improve its programs and reach those universities and their students. For more information, visit www.compact.org.

MATCHING GIFTS PROGRAM

The Matching Gift Program was established to enhance the quality of higher education. By utilizing the Matching Gift Program, KPMG employees, partners and retired partners can leverage the dollar amount of their contributions.

Contributions from KPMG LLP active employees and partners and all retired partners/employees who meet the Rule of 73 are eligible for a match (Rule of 73 is years of service plus age of individual at retirement, which must equal 73 or higher). The minimum gift eligible for a match is $50 for employees and $250 for partners ($100 if the partner is not a graduate of the school). For employees and partners the Foundation will match up to a maximum of $7,500 per school per fiscal year (July 1 – June 30). KPMG employees have the option of making contributions to the KPMG Foundation Matching Gift Program through payroll deductions or by check. KPMG partners have the option of making contributions by check.

For more information about the KPMG Foundation Matching Gift Program, please send an email to us-kpmgfoundation@kpmg.com. To submit a matching gift request, download the KPMG Matching Gift Form and return it and with your check to: KPMG Foundation, 3 Chestnut Ridge Road, Montvale, NJ 07645.

KPMG PROFESSORSHIPS

Higher education propels the advancement and dissemination of knowledge. At the root is a very important individual: the professor. The KPMG Foundation acknowledges the central role faculty play in the academic process through the KPMG Professorships.

KPMG Foundation established and continues to fund, mainly through the Matching Gift Program, professorships at nationally recognized business schools, beginning with four in 1974 and growing to 52. They are:

  • Stephen K. Asare
    University of Florida
  • Ramji Balakrishnan
    University of Iowa
  • Stanley F. Biggs
    University of Connecticut
  • Frank A. Buckless
    North Carolina State University
  • Donald R. Chambers
    Lafayette College
  • Hsihui Chang
    Drexel University
  • Paul A Copley
    James Madison University
  • D. Larry Crumbley
    Louisiana State University
  • Dan S. Deines
    Kansas State University
  • Samir M. El-Gazzar
    Pace University
  • N. Allen Ford
    University of Kansas
  • George O. Gamble
    University of Houston
  • Alexander L. Gabbin
    James Madison University
  • John C. Gardner
    University of New Orleans
  • Barron Harvey
    Howard University
  • Kathy Hurtt
    Baylor University
  • Steven E. Kaplan
    Arizona State University
  • Inder K. Khurana
    University of Missouri Columbia
  • Wayne R. Landsman
    University of North Carolina at Chapel Hill
  • Henock Louis
    Pennsylvania State University
  • Laureen A. Maines
    Indiana University
  • M. Herschel Mann
    Texas Tech University
  • David Manry
    University of New Orleans
  • Jennifer Mueller Phillips
    Auburn University
  • Sara Ann Reiter
    Binghamton University
  • Thomas F. Schaefer
    University of Notre Dame
  • Phillip B. Shane
    The College of William and Mary
  • Sandra W. Shelton
    DePaul University
  • Pamela A. Smith
    Northern Illinois University
  • Theodore Sougiannis
    University of Illinois at Urbana Champaign
  • Kevin R. Stocks
    Brigham Young University
  • Jerry R. Strawser
    Texas A&M University
  • K.R. Subramanyam
    University of Southern California
  • Steven Sutton
    University of Central Florida
  • Miklos Vasarheyli
    Rutgers State University
  • Connie Weaver
    Texas A&M University
  • Gerald Weinstein
    John Carroll University
  • W. Mark Wilder
    University of Mississippi
  • Susan Perry Williams
    University of Virginia
  • Joni C. Young
    University of New Mexico

The following professorships are unfilled: in certain cases endowment earnings have been temporarily designated, with KPMG Foundation approval, for other purposes: Florida State University, Georgia State University, University of Iowa, University of Kentucky, Louisiana Tech University, St. Peter’s College, University of Maryland, University of Michigan, University of Texas Austin, the University of Utah and Virginia Polytchnic Institute and State University

PROFESSIONALS

Points of Light Institute

In 2000, KPMG Foundation amended its charter to provide funding to organizations that enhance community volunteerism. The Points of Light Institute and the Volunteer Center National Network provide opportunities for businesses, professionals, and others to give back to their communities. Through a variety of programs and services, it engages and mobilizes millions of volunteers who are helping to solve serious social problems in thousands of communities.

KPMG Foundation is lead sponsor of The Extra Mile-National Volunteer Pathway.

The Points of Light Institute encourages corporate and individual volunteerism through its relationship with the Volunteer Center National Network. Our grant enables them to enhance the volunteer work of thousands of companies and perhaps hundreds of thousands individuals. It’s one grant having an impact on thousands of communities and, by extension, society itself.

For more information, visit www.pointsoflight.org.