KPMG, through its private foundation, has awarded 10 more $10,000 minority doctoral scholarships for accounting students, on top of the 35 it has already handed out in the 2007-2008 academic year.
KPMG said it has earmarked over $9 million in scholarship money and is providing financial support to about 75 percent of all minority accounting doctoral students in the country. The scholarships are open to African-American, Hispanic-American and Native American doctoral accounting students.
The firm also has dedicated $20 million to a PhD Project that it claims has tripled the number of minority business professors in the United States.
KPMG points out that there were 294 minority business school professors in the U.S. in 1994 when it began the program. There are now 869.
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