PENNSYLVANIA CPA FOUNDATION
1801 MARKET STREET NO 2400, PHILADELPHIA, PA 19103 www.picpa.org

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Organizations Filed Purposes: THE PENNSYLVANIA CPA FOUNDATION'S MISSION IS TO INSPIRE YOUNG PEOPLE TO PURSUE CAREERS IN ACCOUNTING AND TO PROVIDE EDUCATIONAL, MOTIVATIONAL, AND FINANCIAL SUPPORT TO THOSE WORKING TO ATTAIN THE CERTIFIED PUBLIC ACCOUNTANT (CPA) CREDENTIAL.

TO INSPIRE YOUNG PEOPLE TO PURSUE CAREERS IN ACCOUNTING & SUPPORT THOSE WORKING TO ATTAIN CPA

CPAS WORK IN A MYRIAD OF BUSINESSES AND POSSESS A BROAD SPECTRUM OF SKILLS AND KNOWLEDGE. STUDIES SHOW THAT YOUNG PEOPLE WHO ARE EXPOSED TO, AND INFLUENCED BY, CPAS ARE MORE LIKELY TO CONSIDER AN ACCOUNTING CAREER. THE PENNSYLVANIA CPA FOUNDATION PROVIDES OPPORTUNITIES FOR STUDENTS TO LEARN ABOUT CAREER OPTIONS AVAILABLE TO THEM WHEN THEY CHOOSE TO PURSUE AN ACCOUNTING DEGREE. IN ADDITION, THE PENNSYLVANIA CPA FOUNDATION PROVIDES FINANCIAL, EDUCATIONAL, AND CAREER GUIDANCE.A RECORD NUMBER OF STUDENTS HAVE CHOSEN ACCOUNTING AS A MAJOR IN RECENT YEARS, MANY ARE NOT BECOMING CPAS. THIS HAS CREATED A TALENT GAP IN ACCOUNTING FIRMS OF ALL SIZES. LEADERS OF THE PROFESSION CONTINUE TO CITE TALENT ACQUISITION AND RETENTION AS THEIR MOST CRITICAL CHALLENGE.THE PATH TO BECOME A CPA IS NOT AN EASY ONE. BUT WITH THE RIGHT FINANCIAL, EDUCATIONAL, AND MOTIVATIONAL SUPPORT, THE JOURNEY CAN BE LESS ONEROUS. THE PENNSYLVANIA CPA FOUNDATION WORKS TO DELIVER THAT THROUGH CPA EXAM AND LICENSING INFORMATION, UPDATES TO THE CPA EXAM, CPA EXAM SCHOLARSHIP AND MENTORING PROGRAM. WHILE MANY OF THE PENNSYLVANIA CPA FOUNDATION'S PROGRAMS REACH AND SUPPORT MINORITY STUDENTS AMONG PROSPECTIVE CPAS, STUDIES HAVE SHOWN THAT ASPIRING CPAS FROM DIVERSE BACKGROUNDS TEND TO HAVE ADDITIONAL SOCIOECONOMIC CHALLENGES, AND THEIR LIKELIHOOD OF SUCCESS IN PASSING THE CPA EXAM AND BECOMING LICENSED IS MUCH LOWER. THAT IS WHY THE PENNSYLVANIA CPA FOUNDATION DEVELOPED ADDITIONAL PROGRAMS TARGETING THIS GROUP, AND THE EMPLOYERS WHO WILL HIRE THEM. SURVEYS SHOW THAT FIRMS AND OTHER EMPLOYERS CONTINUE TO STRUGGLE TO FIND MINORITY TALENT, AS WELL AS BUILD AND MAINTAIN A CULTURE THAT SUPPORTS INCLUSION.TO INSPIRE STUDENTS TO CONSIDER AN ACCOUNTING CAREER, THE FOUNDATION HOSTED MORE THAN 2,000 HIGH SCHOOL STUDENTS AT 15 COLLEGE CAMPUS CAREER DAY PROGRAMS. DURING THESE EVENTS STUDENTS LEARNED MORE ABOUT CAREERS IN ACCOUNTING THROUGH PRESENTATIONS BY CPAS WHO WORK IN PUBLIC ACCOUNTING, CORPORATE FINANCE, GOVERNMENT, AND EDUCATION. THEY ALSO LEARNED ABOUT ACCOUNTING MAJORS FROM A PANEL OF STUDENTS WHO TALKED ABOUT THE DEGREE REQUIREMENTS, INTERNSHIPS, THE CPA EXAM AND MANAGING CAMPUS LIFE. 91 PERCENT OF STUDENTS WHO ATTENDED THESE PROGRAMS STATED THEY HAD A POSITIVE VIEW OF ACCOUNTING AFTER THE EVENT. TO FURTHER EXPOSE HIGH SCHOOL STUDENTS TO ACCOUNTING CURRICULUM IN SCHOOL, THE FOUNDATION HOSTED THE AICPA'S ACCOUNTING PILOT AND BRIDGE PROGRAM (APBP), AND PROVIDED HIGHER LEVEL ACCOUNTING CURRICULUM TRAINING FOR MORE THAN 30 HIGH SCHOOL EDUCATORS. TO PROVIDE FINANCIAL ASSISTANCE TO THOSE PURSUING AN ACCOUNTING CAREER, THE FOUNDATION AWARDED $129,500 IN SCHOLARSHIPS TO 49 COLLEGE STUDENTS. TO FURTHER SUPPORT THOSE WITH THE MOST FINANCIAL NEED, AN ADDITIONAL $20,000 WAS AWARDED TO 20 CPA EXAM CANDIDATES TO HELP COVER THE COST OF THE EXAM FEES AND REVIEW COURSE FEES. STUDENT NETWORKING EVENTS HELP CONNECT STUDENTS FROM SMALL AND REMOTE SCHOOLS WITH FIRMS AND EMPLOYERS THAT DO NOT CONDUCT ON CAMPUS RECRUITMENT. THE FOUNDATION HOSTED TWO NETWORKING EVENTS IN 2019 WHICH BROUGHT TOGETHER MORE THAN 180 STUDENTS AND 39 EMPLOYERS.

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