The KPMG Foundation recently announced that it has awarded $470,000 worth of scholarships to minority accounting doctoral students for the 2014-2015 academic year, as part of their Minority Accounting Doctoral Scholarship Program. The Program has notably awarded over $15 million to 331 minority students pursuing doctorate degrees since 1994, with the goal of increasing diversity amongst students and professors in business schools.

“Business leaders realize success by understanding the complexities of a global marketplace,” said Rebecca P. Sproul, KPMG's national managing partner of university relations and recruiting, in a statement. “These lessons begin in the classroom and diverse educational environments provide future leaders with the perspective that is necessary to thrive in their professions.” 

The 2014 recipients include 11 newcomers and 36 students whose scholarships have been renewed. Each scholarship is valued at $10,000 and is renewable annually for up to five years. 

“The KPMG Foundation is proud of the very positive influence it has had in helping to increase the number of diverse faculty members at our nation’s colleges and universities,” said Jose Rodriguez, KPMG foundation chairperson, in a statement. “The Minority Accounting Doctoral Scholarship will play a critical role in transforming these 47 talented students into educators who will shape tomorrow’s business leaders.”

The KPMG Foundation also supports The PhD Project - a program that looks to increase diversity of business school faculty. Since 1994, the Project has increased the number of minority business professors from 294 to 1,253.