New Jersey Society of CPAs Awards $188,000 in Scholarships to 44 High School and College Students

—     Event Also Celebrated Newly Licensed New Jersey CPAs —

ROSELAND, N.J. — The New Jersey Society of Certified Public Accountants (NJCPA) awarded $188,000 in scholarships to 44 New Jersey-based high school and college students on April 23 at its Celebration of Excellence ceremony at the Pines Manor in Edison. The NJCPA Scholarship Fund distributed 14 scholarships to high school seniors and 30 scholarships to college students. As part of the ceremony, newly licensed New Jersey certified public accountants (CPAs) were recognized, with 61 being in attendance.

Individual scholarships for college students ranged from $2,000 to $6,000, and high school students received $1,500. Students were selected by the NJCPA based on grades, standardized test scores (if taken), essays and personal interviews.

For the fifth year, the Deloitte Foundation funded multiple scholarships including four for college students pursuing accounting degrees and two NJCPA Scholars Awards to college-bound high school students intending to pursue accounting pathways. The NJCPA selected the recipients and distributed the scholarships. This year’s high school recipients attended Arts High School in Newark and Montville Township High School.

High school scholarship recipients attend the following high schools: Bridgewater Raritan High School, Hamilton High School East, Hanover Park High School, Holmdel High School, Montville Township High School, Northern Valley Regional High School at Old Tappan, Park Ridge High School, Point Pleasant Borough High School, Sayreville War Memorial High School, Southern Regional High School, Wall Township High School and Williamstown High School. High school award winners are college-bound seniors in high school who intend to major in accounting or obtain a concentration in accounting.

College scholarship recipients attend the following colleges and universities: Fairleigh Dickinson University, Hudson County Community College, Middlesex County College, Montclair State University, Ramapo College of New Jersey, Rider University, Rowan University, Rutgers University, Seton Hall University, Stevens Institute of Technology, Stockton University and The College of New Jersey. College winners are accounting students at New Jersey colleges or universities who are currently in their junior year or in their senior year and entering an accounting-related graduate program.

NJCPA’s college awards also included Minority Scholarships in association with the American Institute of CPAs (AICPA) and the National Association of Black Accountants – Northern New Jersey (NABA-NNJ).

“We take great pride in recognizing the achievements of these accounting scholars and newly licensed individuals. At a time when the accounting profession is rapidly evolving, we welcome the skills, innovation and talents they can bring to its future,” said Angela Garofalo, president of the NJCPA Scholarship Fund and a partner at Citrin Cooperman.

Firm and organization benefactors for the scholarships included CohnReznick; Citrin Cooperman; Deloitte Foundation; EisnerAmper; Forvis Mazars; Holman Frenia Allison; SKC & Co. CPAs; Smolin, Lupin & Co.; and Withum. The scholarships also had the following “in-name-of” awards, honoring former and current NJCPA members:

• Bowman & Company in memory of John (Jack) F. Dailey Jr.
• Bowman & Company in memory of Lisa Donahue
• In Honor of NJCPA Past President Brad E. Muniz, CPA
• In Honor of NJCPA Past President Frank Boutillette, CPA
• In Honor of NJCPA Past President Michael A. Polito. CPA
• In Honor of Valerie Thomas, CPA, and former NJCPA CEO and Executive Director Ralph Albert Thomas, CPA (D.C., inactive)
• In Memory of Alan J. Preis, CPA
• In Memory of former NJCPA Chief Operating Officer Theresa Hinton
• In Memory of Frederick and Lenore Horn (two awards)
• In Memory of NJCPA Past President John (Jack) F. Dailey Jr.
• NJCPA Council of Past Presidents
• WilkinGuttenplan in memory of Jules C. Frankel

“We are grateful to the generosity of our members, who donated their time to review applications, become mentors and provide the necessary resources for these students to start their accounting journeys. We are equally excited to recognize those individuals who have become newly licensed CPAs. You have chosen a great career,” added Aiysha (AJ) Johnson, MA, IOM, CEO and executive director of the NJCPA.

The NJCPA Scholarship Fund has awarded more than $7 million to high school and college students since its inception in the 1960s. The fund has supported more than 1,700 New Jersey students on their way to becoming CPAs.

For a complete list of this year’s recipients in each scholarship category, go to njcpa.org/scholarship.

Some of the NJCPA Celebration of Excellence award recipients

 

Some of the NJCPA Celebration of Excellence award recipients

 

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The New Jersey Society of Certified Public Accountants (NJCPA) represents the interests of more than 17,000 Garden State CPAs, as well as thousands of accounting and finance professionals and students. The NJCPA plays a leadership role in supporting the profession by providing members with educational resources, access to shared knowledge and a continuing effort to create and expand professional opportunities. Visit njcpa.org.