Primary/Secondary

Students in Free Enterprise (SIFE)
Founded in 1975 and active on more than 1,800 college and university campuses in 45 countries, SIFE 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 SIFE, totaling $50,000 for 2005, and worldwide, KPMG practices provide more than $250,000 annually.
KPMG partners and senior managers actively participate as judges at SIFE regional, national, and World Cup competitions.
KPMG partner Tom Moser is a past SIFE chairman; Foundation president, Bernie Milano, serves alongside Tom on SIFE's executive committee and board of directors.
KPMG International member-firm partners serve as chairmen and board members for SIFE in other countries.

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

Undergraduate

Beta Alpha Psi Scholarship Program (BAP)
This national honors fraternity encourages community involvement for business information professionals. The KPMG Foundation awards $50,000 per year in scholarship funds to be shared by "superior" chapters. 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/ships/index.htm.

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.

For the 2007-2008 academic year, the Foundation awarded $10,000 scholarships, for a total of five years, to 9 minority accounting and information systems doctoral students. There are 35 doctoral students who have had their scholarships renewed for 2007-2008, bringing the total number of scholarships awarded to 44. To date, KPMG Foundation's total commitment to the scholarship program exceeds $12 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 number of under-represented minority professors has increased from 294 to its current high of 889 out of a total of 26,000 business professors nationwide, an increase of nearly 175 percent. And over the next five to six years, more than 400 minority doctoral students will become faculty members.

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, 92 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 99 percent!

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

Faculty

Business Measurement Case Development and Research Program

In 1997, the KPMG Foundation, KPMG's Audit & Advisory Services Center (now the Global Services Centre), and the University of Illinois at Urbana-Champaign (UIUC) established the Business Measurement Case Development and Research Program. The program supported development of educational materials grounded in current accounting and auditing concepts and methods and set in real-world business contexts. Seventeen cases were developed under the program by research teams comprising both academic researchers and leading business and accounting professionals. These cases and teaching notes are available for download from the program's Web site, www.business.uiuc.edu/kpmg-uiuc/ .

During the 2006-2007 academic year, more than 50,000 copies of cases were downloaded from the program's Web site. Since the program's inception, the Web site has received some 2.5 million hits and more than 307,000 copies of the cases have been downloaded.

In addition, three companion publications were developed between 1997 and 2005 and distributed in hard copy and electronic form: Auditing Organizations Through a Strategic-Systems Lens (T. Bell, F. Marrs, H. Thomas, and I. Solomon, KPMG LLP, 1997), Cases in Strategic-Systems Auditing (T. Bell and I. Solomon, KPMG LLP, 2002), and The 21st Century Public-Company Audit (T. Bell, M. Peecher, and I. Solomon, KPMG International, 2005). The upward trend in faculty use of this trilogy and the cases indicate a growing relevance and popularity of these educational materials in the post-Enron era of the risk-based integrated audit.

KPMG's National Audit Case Competition Program

The KPMG Foundation and KPMG's Global Services Centre introduced an exciting new program in fiscal 2007-KPMG's National Audit Case Competition (KNACC). KNACC cases require students to serve on a simulated audit team and receive feedback from an audit partner and mentor in a Web-based environment. Students integrate knowledge and skills across topics and disciplines to address multi-sided, complex issues typical of a professional engagement. During the spring of 2007, teams of accounting students from 21 colleges and universities were invited to compete in the inaugural round of the KNACC program. Each of the 84 participating students received a stipend of $500 upon completion of case modules. An independent panel of KPMG LLP professionals and college professors selected five finalist teams, with each student on the teams receiving an additional $2,500 and an all-expense-paid trip to New York City to compete in the finals. During the finals, each team made a presentation of audit findings and handled questions and answers during a simulated audit committee meeting presided over by a panel of judges, including scholars, KPMG partners, and actual audit committee members from some of America's top companies.

The KNACC 2007 gold, silver, and bronze medals were won by teams representing the University of Virginia, the University of Georgia, and the University of Wisconsin-Madison, which received $25,000, $15,000, and $10,000, respectively. The second round of the KNACC program will take place in spring 2008, when more than 40 schools will be invited to nominate student teams to compete in the competition. Currently, the case simulation used in the inaugural round of the program is being converted to a format suitable for use in classrooms around the world and will be made available to faculty at no cost.

Academic Conferences

The KPMG Foundation is the sole sponsor of the following prestigious academic conferences during the academic year:

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 Mid-Year Meeting
American Tax Association Doctoral Consortium
Michigan State University University Global Management Accounting Research Conference (sponsor of U.S. conference only)
New York University Journal of Accounting, Audit and Finance 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

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

An organization of more than 950 college and university presidents, Campus Compact promotes civic development of students and the concept of "campus as citizen." Our grant of $50,000 enables this organization to improve its programs and reach nearly 1,000 institutions and their students. For more information, visit

Matching Gifts Program

In the Matching Gifts Program, KPMG LLP partners and employees come together as one to provide funding to their alma maters so that these institutions can provide an enhanced educational experience to their students.

Matching gifts help support faculty research, attendance at academic conferences, and the many other needs of faculty, business schools, and universities at large. This year, donations from KPMG partners and employees, along with the Foundation's matching funds, totaled nearly $4.7 million.

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 48 in 2007. They are:

Stanley F. Biggs
University of Connecticut

James R. Boatsman
Arizona State University

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

Arthur J. Francia
University of Houston

Jere R. Francis
University of Missouri-Columbia

Alexander L. Gabbin
James Madison University

John C. Gardner
University of New Orleans

James R. Hamill
University of New Mexico

Barron Harvey
Howard University

Steven Huddart
Pennsylvania State University

Larry N. Killough
Virginia Polytechnic Institute and State University

Wayne R. Landsman
University of North Carolina at Chapel Hill

Robert C. Lipe
University of Oklahoma

M. Herschel Mann
Texas Tech University

Robert G. May
University of Texas at Austin

Thomas J. Phillips Jr.
Louisiana Tech University

James H. Pratt
Indiana University

Lee H. Radebaugh
Brigham Young University

Thomas F. Schaefer
University of Notre Dame

Pamela A. Smith
Northern Illinois University

Theodore Sougiannis
University of Illinois at Urban Champaign

Kevin T. Stevens
DePaul University

Jerry R. Strawser
Texas A&M University

Michael G. Tearney
University of Kentucky

C. William Thomas
Baylor Universiy

Senyo Tse
Texas A&M University

Miklos Vasarheyli
Rutgers State University

Susan Perry Williams
University of Virginia

The following professorships are unfilled: in certain cases endowment earnings have been temporarily designated, with KPMG Foundation approval, for other purposes: College of William and Mary, John Carroll University, St. Peter's College, University of Central Florida, University of Florida, Florida State, Georgia State, University of Iowa, University of Maryland, University of Michigan, University of Southern California, and the University of Utah.

For every KPMG professorship, one university is able to attract talent more effectively, one professor is able to pursue an area of scholarship more effectively, and many thousands of students receive the benefits of an enhanced education.

Professional

Points of Light Foundation
In 2000, KPMG Foundation amended its charter to provide funding to organizations that enhance community volunteerism. The Points of Light Foundation 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 has made a multiyear commitment of $500,000 to The Points of Light Foundation for several programs, including The Extra Mile-National Volunteer Pathway.

The Points of Light Foundation 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