Redwood City, Calif. (June 1, 2004) -- The California Society of CPAs has formed a nonprofit foundation to promote financial literacy education for all Californians.

“CalCPA Institute will allow CalCPA to seek and receive financial support for our financial literacy initiative and future initiatives,” said Susan Waters, CalCPA chief executive, who will also serve as CEO of the institute. The financial literacy initiative was launched last year by CalCPA chair Steve Wimmers.

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