NJCPA awards $350K in scholarships to future accountants

The New Jersey Society of Certified Public Accountants certainly knows a thing or two about finances, and how an influx of cash can make a difference to a bottom line … say, a Garden State student’s tuition costs.

And this week, the New Jersey Society of CPAs helped 75 future accountants with that bottom line, awarding more than $350,000 in scholarships to the high school and college students at the organization’s 59th Annual Scholarship Awards Ceremony earlier this week in Edison.

More than 200 students applied for the scholarships, which included four-year awards of $7,000 for high school students and one-year awards of $6,000 for college students.

“Being able to reward the next generation of accounting professionals is truly a pleasure,” Ralph Thomas, executive director and CEO of the NJCPA, said in a prepared statement. “We all have an obligation to assist in furthering the profession and informing students about what options are open to them if they decide to pursue this kind of a career.

“Our members continue to exceed expectations in giving back and financially supporting New Jersey students.”

Recipients must be either junior or senior accounting students at New Jersey colleges or New Jersey high school seniors who plan to major or concentrate in accounting. All of them must meet GPA, writing and curriculum requirements and participate in an interview process.

Other awards were given at the event by organizations including the Atlantic/Cape May, Bergen and Mercer chapters of the society, as well as the American Institute of CPAs and the National Association of Black Accountants. Another award honored the late CPA and professor Raymond Rigoli, a longtime NJCPA member.

Award recipients come from 20 area colleges and 15 New Jersey high schools.