NJCPA Awards Student Scholarships

The NJCPA Scholarship Fund awarded approximately $230,000 in scholarships to more than 55 New Jersey high school and college students on April 26. The awards were distributed at its 62nd Annual Scholarship Awards Ceremony at the Pines Manor in Edison, after a two-year hiatus from in-person ceremonies due to the COVID-19 pandemic. Recipients’ families were also able to attend.

Out of more than 165 applications, 22 college-bound high school seniors were given $1,500 each, which includes six recipients of a new Deloitte Minority High School Scholarship. Funded by Deloitte

Foundation, this new scholarship was created to open the doors to the accounting profession for New Jersey high school seniors who are racially or ethnically diverse and considering accounting as their college major. Multiple scholarships of $1,500 were awarded to qualifying applicants from the following three New Jersey high schools as part of the pilot program: Rahway High School, West Orange High School and New Brunswick High School. Awards were also distributed to 35 college students, with 25 receiving $6,500 each, eight sophomores receiving $2,000 each, and two receiving $5,500 American Institute of CPAs (AICPA)/NJCPA Minority Scholarships. Others received NJCPA/National Association of Black Accountants — Northern New Jersey Chapter Awards.

Those applying for the high school award had to be seniors who intend to major in accounting, while the college applicants had to be New Jersey college or university students who are currently in their sophomore or junior year or in their senior year and entering an accountingrelated graduate program.

“It was wonderful to be able to meet the students who are receiving the scholarships in person this year. The scholarships provide financial relief but also, most importantly,

encourage them to pursue a career in accounting,” said Henrietta Fuchs, CPA, president of the NJCPA Scholarship Fund and partner at CohnReznick LLP.

“It’s always a thrill to be able to assist such young, talented individuals,” said Ralph Albert Thomas, CPA (DC), CGMA, CEO and executive director of the NJCPA. “This would not have been possible if it wasn’t for the generosity of our members and firm/company benefactors.”

This year’s firm/company benefactors include the following:

> Bowman & Company LLP

> CohnReznick LLP

> Deloitte and the Deloitte Foundation

> EisnerAmper

> Frazer, Evangelista & Company, LLC

> Holman, Frenia, Allison, PC

> Mazars USA LLP

> PKF O’Connor Davies LLP

> Smolin, Lupin & Co., P.A.

> Untracht Early LLC

> WilkinGuttenplan

> WithumSmith+Brown

Scholarships are awarded based on academic performance, standardized test scores, essays and personal interviews. For a complete list of the winners, visit njcpa/scholarships.