Moynihan Scholarship Fund Inc

THE MOYNIHAN SCHOLARSHIP FUND, INC. ("MSF") SUPPORTS THE EDUCATION AND DEVELOPMENT OF STUDENTS IN NEW YORK STATE AND FACILITATES THEIR EXPOSURE TO ACCOUNTING AND BUSINESS CAREERS.

MSF'S EXCELLENCE IN ACCOUNTING SCHOLARSHIP OFFERS AN ANNUAL SCHOLARSHIP TO PROVIDE FINANCIAL ASSISTANCE TO QUALIFIED CANDIDATES WHO INTEND TO ENTER THE ACCOUNTING PROFESSION. MSF AWARDED 42 EXCELLENCE IN ACCOUNTING SCHOLARSHIPS TO COLLEGE STUDENTS IN THE 2021/2022 FISCAL YEAR. THE SCHOLARSHIPS AWARD $2,500 TO FULLTIME STUDENTS AND $1,250 TO PART-TIME STUDENTS. TO BE ELIGIBLE, COLLEGE STUDENTS MUST BE ACCOUNTING MAJORS, HAVE COMPLETED A MINIMUM OF 60 CREDITS AND MAINTAIN A MINIMUM OF 3.0 GRADE POINT AVERAGE. STUDENTS MUST ALSO HAVE FILED A FREE APPLICATION FOR FEDERAL STUDENT AID AND BE APPROVED FOR FINANCIAL AID. THE SCHOLARSHIPS ARE NON-RENEWABLE; RECIPIENTS AND CANDIDATES MUST APPLY ANNUALLY. A DESIGNATED MSF CAMPUS AMBASSADOR WORKS WITH THE CAMPUS ACCOUNTING DEPARTMENT AND THE COLLEGE FINANCIAL AID OFFICE TO SELECT THREE DESERVING CANDIDATES BASED ON SCHOLARSHIP AND FINANCIAL NEED. THESE CANDIDATES ARE THEN FORWARDED TO A STATEWIDE SELECTION COMMITTEE OF MEMBERS OF THE NYSSCPA. MSF AWARDS A SCHOLARSHIP TO AT LEAST ONE STUDENT IN MOST COLLEGE ACCOUNTING PROGRAMS IN THE STATE.

CAREER OPPORTUNITIES IN THE ACCOUNTING PROFESSION (COAP) PROGRAM IS A SUMMER PROGRAM HOSTED AT COLLEGE CAMPUSES ACROSS NEW YORK STATE AND FUNDED BY MSF. MSF PROVIDES SCHOLARSHIPS TO PARTICIPANTS OF THE COAP PROGRAM FOR THE PURSUIT OF HIGHER-EDUCATION DEGREES IN ACCOUNTING. RECRUITMENT FOCUSES ON MINORITY ETHNIC GROUPS HISTORICALLY UNDERREPRESENTED IN THE ACCOUNTING PROFESSION. IT AIMS TO EXCITE AND INFORM THESE STUDENTS ABOUT CAREERS IN ACCOUNTING AND TO PROVIDE OPPORTUNITIES TO INTERACT WITH SUCCESSFUL MINORITY ROLE MODELS AND GAIN EXPOSURE TO THE CORPORATE ENVIRONMENT. THE FIRST COAP PROGRAM WAS OFFERED AT PACE UNIVERSITY IN 1987, AND PROGRAMS HAVE EXPANDED SIGNIFICANTLY WITH MORE THAN 41 STUDENTS PARTICIPATING AT VARIOUS COLLEGES ACROSS THE STATE IN FISCAL YEAR 2021/2022. SINCE THE PROGRAM'S INCEPTION OVER 4,232 STUDENTS HAVE GRADUATED FROM THE COAP PROGRAM. MANY OF THESE STUDENTS HAVE GONE ON TO PURSUE CAREERS IN ACCOUNTING OR BUSINESS. DURING THE PROGRAM, WHICH LASTS THREE TO FIVE DAYS, HIGH SCHOOL STUDENTS EXPERIENCE COLLEGE LIFE AND LEARN ABOUT THE ACCOUNTING PROFESSION THROUGH TRIPS TO LOCAL CPA FIRMS AND CORPORATE FINANCE DEPARTMENTS. THEY ALSO PARTICIPATE IN SPECIFICALLY DESIGNED WORKSHOPS AND CLASSES THAT TEACH THEM PERSONAL DEVELOPMENT COMMUNICATION SKILLS, BUSINESS ETHICS, AND INTERVIEWING SKILLS. STUDENTS ARE ACCEPTED TO THE PROGRAM THROUGH AN APPLICATION PROCESS OVERSEEN BY THE NEW YORK STATE SOCIETY OF CPAS. MSF AWARDED 4 COAP SCHOLARSHIPS IN THE 2021/2022 FISCAL YEAR.FOR THE PERIOD OF JUNE 1, 2021, THRU MAY 31, 2022, DUE TO COVID-19 ENVIRONMENT MSF HELD ITS CAREER OPPORTUNITIES IN THE ACCOUNTING PROFESSION (COAP) PROGRAM VIRTUALLY.