KPMG announced this week the launch of theKPMG Future Leaders Program- a new charitable initiative that looks to develop future women leaders. Also of note, KPMG announced that former Secretary of State Condoleezza Rice will serve as ambassador to the program.

Funded by the KPMG Women’s PGA Championship and KPMG Women’s Leadership Summit, the Future Leaders Program looks to reach high school seniors across the country with various college scholarships, a leadership development retreat at Stanford University, and a mentorship with a woman business leader.

“KPMG is passionate about developing women leaders at various stages of their careers and the KPMG Future Leaders Program will play a powerful role in shaping future generations of leaders,” said Lynne Doughtie, KPMG U.S. Chairman and CEO, in a statement. “Through this initiative, we are paying it forward by investing in promising young women and instilling the confidence and leadership skills they will need to succeed and lead in college and their careers. We’ve joined with Condoleezza Rice, who serves as an exemplary leader to help inspire and equip them.”

"The KPMG Future Leaders Program will help prepare these young women to be leaders at their universities and in their communities," Rice added. "I’m proud to work with KPMG on this important mission to strengthen future generations of women leaders.”

Sixteen seniors have already been selected from hundreds of applicants to participate in the inaugural Future Leaders Program. In addition to receiving an annual scholarship of $10,000 for each year of college, recipients will attend a three-day KPMG Future Leaders Retreat in July at Stanford University, focused on leadership training, career development, and an introduction to golf. Recipients also will be paired with a woman leader mentor.

The 16 young women selected for the inauguralFuture Leaders Program met the following criteria:

• Female high school senior planning to enroll in a four-year undergraduate program for the upcoming fall semester;
• Proven track record of academic excellence and leadership potential;
• Minimum 3.5 cumulative GPA;
• Interest in a business or STEM (Science, Technology, Engineering, Math) academic track;
• Active in the community; and
• Financial need.

For more on KPMG and the Future Leaders Program, head to KPMG'ssite here.