FYI: CAEF Launches New Website & New Matching Program
Beyond Numbers · November 2003
By Deborah Folka, MA, APR
The Chartered Accountants' Education Foundation (CAEF) has launched a new website and a new matching scholarship program for CA firms. The CAEF website, located at www.caef.bc.ca, provides a list of the scholarships currently available, along with links to the websites of BC colleges and universities, where details on criteria and application forms can be found. The site also offers a short history of the Foundation, describes its accomplishments to date, lists the names of its board of governors, and details the professional development opportunities available to members who work in accounting education-opportunities such as last spring's Accounting Educators' Symposium.
"The CAEF has been around since 1990 and has done a lot of good work providing scholarships and bursaries to accounting students, funding accounting research, and even providing the seed money that started the CA School of Business," says CAEF Chair Christopher J. K. Richardson, FCA, "but now we've moved to a new level of operation. The website expands our ability to promote the CAEF to potential recipients (students and faculty), and offers potential donors a complete and convenient source of information about how they can support excellence in accounting education."
Many recent scholarship winners will be featured on the site. The site will also provide the CAEF's latest financial statements.
"We've targeted the site to both potential donors and potential recipients," Richardson explains. "In addition to detailing the ways in which members can donate money, the website highlights the new 'matching' program."
The CAEF recently set aside money to create a matching program with CA firms to fund new scholarships at educational institutions throughout the province. If established criteria are met, the CAEF will match the new funds a firm makes available and administer the scholarship through the CAEF's established program.
As Richardson points out, firms will benefit from:
- The opportunity to name the scholarship;
- The listing of the firm on the CAEF website;
- Encouraging talented students to enter the CA profession;
- Participating in the school's annual presentation ceremonies;
- The increased visibility associated with the scholarship announcements in the local media and in the Institute's monthly magazine Beyond Numbers; and
- Receiving the tax deduction resulting from the donation.
The CAEF currently offers scholarships and bursaries to accounting students at most of BC's post-secondary schools. The Foundation also has specific scholarships and awards, including the Desmond O'Brien Memorial Scholarship, the William Rowe Memorial Scholarship, and the Jim Miller DAP Scholarship at the University of BC; the Desmond O'Brien Memorial Scholarship and the Business Administration Co-op Education Scholarship at Simon Fraser University; and the John Hadfield Memorial Scholarship at Camosun College.
The CAEF of BC is registered under the Income Tax Act of Canada, and all donations are income tax deductible. The charitable registration number is 0871335-21.
If you have any comments on the new website or if your firm is interested in participating in the CAEF Matching Scholarship Program, please contact Jan Sampson, CA, the ICABC's director of internal operations, at 604-488-2603 or email@example.com.