Investing in the Future - How the Educational Foundation Makes a Difference
The Educational Foundation is a nonprofit 501(c)3 corporation that promotes the accounting profession by offering scholarships to Oklahoma's most promising accounting students. Generous contributions from our businesses, communities and, most importantly, our members, allow us to award scholarships and promote the mission of the Foundation.
The Educational Foundation is comprised of nine OSCPA members, including the immediate past president, the chairperson of the Liaison with Educational Institutions Committee and seven additional members.
Each year, the Educational Foundation raises money through donations and fundraisers and begins accepting scholarship applications in January. Scholarship winners are selected in April and distribution occurs the following August. Scholarships of varying amounts ($250 - $2,500) are awarded to OSCPA student members who meet the following qualifications:
- Successful completion of at least six hours of principles of accounting;
- Enrollment in an Oklahoma university for the upcoming fall semester;
- Current accounting major; and
- Actively seeking a Bachelor's or advanced degree.
Types of Scholarships
In addition to general scholarships awarded, the OSCPA is also proud to offer the following scholarships to notable accounting students:
Retha Duggan Scholarship: Named after a former executive director of the OSCPA, is based on funds provided by the OSCPA. Where possible, preference is given to applicants who have been admitted to a Master of Accountancy program and who intend to pursue a career in accounting.
Ruthann Fairbairn Scholarship: Named after a dedicated CPA devoted to furthering female professionals. Earnings from this endowed account are awarded annually to a female accounting student at an Oklahoma college or university. The award may be allocated among two highly qualified applicants.
Rick Kells Memorial Scholarship: Named after a dedicated CPA and attorney who contributed greatly to the ongoing education of tax professionals. Awarded to an accounting student working part-time while attending school full-time who intends on pursuing a career in tax.
Micah B. Steelman Memorial Scholarship: Named after a dedicated professional who mentored UCO students. Awarded to a UCO student pursuing a degree in accounting, expressing a primary interest in tax.
Beale Family Scholarship: Named after the Beale Family, partners with the OSCPA's preferred insurance provider, Beale/3000iG. Awarded to a full-time accounting student who has completed a minimum of 60 college credits, including 15 credits in accounting.
Thomas Fund Memorial Scholarship: Named for Jess Thomas, CPA, who previously served on the OSCPA Educational Foundation. Awarded to a full-time accounting student attending either UCO or Cameron University.
Daryl Hill Scholarship: Named after a long-time OSCPA executive director. Awarded at the discretion of the Board of Trustees to an accounting student who satisfies the eligibility requirements noted above.
Community College Scholarship: Awarded to a student majoring in accounting at an Oklahoma community college.
Randy Thurman Business Scholarship: Awarded to a student attending Oklahoma City Community College.
The Foundation also awards a $500 High School Scholarship to one Oklahoma high school senior planning to major in accounting at an Oklahoma college or university.
Occasionally, chapters of the OSCPA provide scholarships to the Educational Foundation, generally with stipulations that the recipient be a student or resident of the chapter area.
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