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Foundation Initiatives

PRIMARY/SECONDARY

Junior Achievement

In 2012, the 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 the 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.

Junior Achievement empowers young people to own their economic success. It impacts 4 million U.S. students in more than 176,000 classrooms, with the help of 178,000 volunteers.

Our plan is to support a major enhancement and transformation of one of Junior Achievement’s core programs — Finance Park — to increase its relevance in today’s dynamic, rapidly changing digital era.

Funding Finance Park, which provides children with career readiness and financial literacy education in 34 U.S. cities and three other countries, will embody our systemic “pipeline” philosophy.

It completes our “education continuum” by connecting middle school aged children with KPMG’s Family for Literacy, NAF, The PhD Project, and all other programs described in these pages, into a holistic “Cradle to Career” education support system targeting underserved and diverse youth.

We will leverage our financial support of Junior Achievement 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 president of Junior Achievement USA.

For more information, visit http://www.ja.org/.

NAF

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, www.phdproject.org, to provide professional guidance to NAF’s accounting curriculum.

ENACTUS (formerly Students in Free Enterprise)

ENACTUS programs match college students with K-12 classes to develop and realize entrepreneurial projects. The primary and secondary school students learn the principles and practices of a market economy and acquire basic business skills. The college students, who work with corporate sponsors, cultivate their own leadership, teamwork, and communication skills. The communities that host ENACTUS projects are often the beneficiaries of new knowledge and services.

KPMG Foundation has a multi-year commitment to ENACTUS, which includes financial support and the active participation of KPMG LLP partners in many of their programs and on the ENACTUS Executive Committee, Board of Directors, and Career Advisory Council. The program has been cited by local and state governments and the U.S. Congress for its exemplary work. Its long-term goal, to prepare very young students for eventual involvement in business education, will bear fruit in the coming century. For more information about ENACTUS, visit: http://www.enactus.org/.

UNDERGRADUATE

Beta Alpha Psi Scholarship Program

The national accounting honors fraternity Beta Alpha Psi is providing accounting students in the U.S. with a chance to experience the satisfaction and personal growth that comes from involvement with practitioners and community activities. The KPMG Foundation provides funding directly to Beta Alpha Psi to provide scholarships to chapters that receive superior status in the Chapter Activities Program. KPMG Foundation is, by far, the largest supporter of Beta Alpha Psi. KPMG Foundation President Bernie Milano is a past president of Beta Alpha Psi. For more information about Beta Alpha Psi visit http://www.bap.org/.

GRADUATE

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 during the academic year:

  • American Accounting Association – Auditing Section Mid-Year Meeting and Doctoral Consortium
  • American Accounting Association – Information Systems Mid-Year Meeting and Doctoral Consortium
  • American Accounting Association – International Section Mid-Year Meeting and Doctoral Consortium
  • American Accounting Association – Diversity Section Midyear Meeting
  • American Accounting Association – Forensics and Accounting Annual Meeting
  • American Accounting Association – Government and Nonprofit Section Midyear Meeting
  • 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 Colorado Summer 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

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 50. They are:

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

Reza Barkhi
Virginia Polytechnic Institute and State University

Bruce Billings
Florida State University

Frank A. Buckless
North Carolina State University

Hsihui Chang
Drexel University

Michael B. Clement
University of Texas at Austin

Gus DeFranco
Tulane University

Martha Eining
University of Utah

Samir M. El-Gazzar
Pace University

N. Allen Ford
University of Kansas

Alexander L. Gabbin
James Madison University

George O. Gamble
University of Houston

Barron H. Harvey
Howard University

Kathy Hurtt
Baylor University

Steven E. Kaplan
Arizona State University

Wayne R. Landsman
University of North Carolina at Chapel Hill

Henock Louis
Pennsylvania State University

Laureen A.Maines
Indiana University

David Manry
University of New Orleans

Roger Martin
University of Virginia

Jennifer Mueller Phillips
Auburn University

Mary Kate Naatus
Saint Peter’s University

Venkatesh Nagar
University of Michigan

Jeffery Payne
University of Kentucky

Thomas J. Phillips
Louisiana State University

Michael Riordan
James Madison University

Thomas F. Schaefer
University of Notre Dame

Karen Schuele
John Carroll University

Kenneth Shaw
University of Missouri – Columbia

Sandra Shelton
DePaul University

Pamela Smith
Northern Illinois University

Theodore Sougiannis
University of Illinois-Urbana Champaign

Jerry R. Strawser
Texas A&M University

K.R. Subramanyan
University of Southern California

Steven Swidler
Lafayette College

Miklos Vasarheyli
Rutgers, The State University of New Jersey

Connie Weaver
Texas A&M University

W. Mark Wilder
University of Mississippi

The following professorships are unfilled; in certain cases endowment earnings have been temporarily designated, with KPMG Foundation approval, for other purposes:

  • Brigham Young University
  • College of William & Mary
  • Georgia State University
  • Kansas State University
  • Texas Tech University
  • University of Central Florida
  • University of Connecticut
  • University of Iowa
  • University of Maryland
  • University of Nebraska
  • University of New Mexico
  • University of Oklahoma

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.