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The NSA Scholarship Foundation Board of Trustees is pleased to announce the awarding of scholarships to 34 students for the 2007-2008 academic school year. Applicants were judged on scholastic achievement, demonstrated leadership ability and financial need.
A funding resource for career development, lifelong learning, educational programs, and the future, the Foundation works to build career paths into and within the accounting profession. With its scholarship awards, the Foundation assists dedicated students who are committed to a career in accounting by providing financial assistance to support their education. With its educational grant program, the Foundation supports professional development and educational activities to expand the body of knowledge within today’s practitioner community.
Formed in 1969, the Foundation is a 501(c)3, tax-exempt organization and relies on voluntary, tax-deductible contributions to support its programs. The benefits derived from these contributions extend to a wide range of constituencies: the accounting profession, students, parents, teachers, schools, businesses, and the profession’s largest client – the general public. A five member Board of Trustees holds full fiduciary responsibility for management of the Foundation and its programs.
Milestones and Achievements
The foundation awards the first NSA annual scholarships to 10 students in the amount of $200. The number of students applying is 241.
Overwhelming member support allows an increase in the number of scholarships from 10 to 22.
NSA and the Foundation are officially recognized in the US Congressional Record of the 94th US Congress per recommendation of the Honorable Tom Sneed of Oklahoma, US House of Representatives.
NSA scholarship awards are publicized in Good Housekeeping Magazine article, "Where to Find the Best College Scholarship."
Voluntary funding is sufficient to award a record number of 32 scholarships in the amount of $600 each.
NSA scholarship awards again publicized in Good Housekeeping Magazine article, "ScholarshipsWell Worth a Try," to a monthly circulation of 24 million readers.
NSA establishes the Stanley H. Stearman Award specifically for relatives of members studying accounting. The award carries a $2000 renewable stipend for a maximum of three years.
Responding to rising college costs, the Foundation increases the amount of scholarship stipends to $1000 for students entering their third or fourth year of study. The Foundation also doubles the number of $500 scholarships to students entering their second year of studies.
NSA establishes the Louis and Fannie Sager Memorial Scholarship. The award carries a $1000 stipend.
The Foundation receives its highest number of completed applications – 1,800.
The Foundation awards a record number of 43 scholarships ranging in amounts from $500 to $2000.
The Foundation embarks on role expansion to support professional development opportunities benefiting the practitioner community. Educational Tree campaign is launched to provide startup funding.
The NSA Educational Tree campaign reaches 70% of its $100,000 goal. Donors to the campaign are honored with an engraved leaf or stone displayed on a custom-designed recognition tree at NSA headquarters. A limited number of leaves and stones remain available for reserving.
The NSA Educational Tree campaign achieves its initial $100,000 goal in May. A new campaign is launched to support an Educational Grant Program to benefit the practitioner community. Donors can reserve a leaf or stone (limited availability) on the Educational Tree.