The North Carolina CPA Foundation Inc., was established in 1980 to further the development of accounting education and the accounting profession in North Carolina. The membership of the Foundation is composed of members of the North Carolina Association of CPAs Board of Directors. These scholarships are made possible solely through the generosity of voluntary donations from individual association members, supporting the profession by assisting the next generation.

• Must be a North Carolina resident and be enrolled in a North Carolina college or university.
• Must have completed at least one college or university-level accounting course.
• Must have completed at least 36 semester hours (or equivalent) by the start of the spring semester of the year of application.
• Must be enrolled in an academic program leading to a degree in accounting or its equivalent, either currently or during the first semester following the awarding of the scholarship.
• Academic merit, achievement, and essay:
  1. Must be sponsored by one accounting faculty member who can be contacted by the Foundation through the use of email.
  2. Must have evidence of academic achievement, demonstrated by a grade point average (accounting subjects and overall) of at least 3.0 on a 4.0 scale.
  3. Must complete an essay on the following topic: Why do CPAs need a code of ethics?
  4. The maximum length of the essay is 1000 words. The essay will weigh substantially in the scholarship awarding process.  The reviewers (association members) will consider grammar, punctuation, organization, style, content, creativity and appropriate references or citations when applicable. Because the reviewers are CPAs, applications should not include information in the essay with which professionals would already be familiar. PLEASE PREPARE YOUR ESSAY IN MICROSOFT WORD BEFORE PROCEEDING.

• Scholarship Amounts: Scholarships ranging from $1,000 to $5,000 will be awarded annually at the discretion of the Foundation. There is a three-year maximum limit for awards per student.
• Free Student Membership: All qualified applicants automatically will be offered a complimentary one-year membership with the Association.

• Essay content = 35%
• Essay grammar, etc. = 35%
• Extracurricular/work activities = 30%

• Applicants must submit transcripts of all course work completed, to include the fall semester of the year of application. Transcripts should be sent directly from Registrar's Office to the NC CPA Foundation after grades have been posted for the fall semester.
• Application and essay must be completed no later than 2/13/2009. Transcripts must be postmarked by 2/6/2009.
  
• Contact Information:
  North Carolina CPA Foundation Inc.
  PO Box 80188
  Raleigh,  NC 27623
  (800) 722-2836