Applicants of the Herman J. Neal Scholarship must: be a U.S. citizen or permanent U.S. resident; be enrolled in an Illinois college or university; have a cumulative GPA of at least 3.0/4.0 or equivalent; and, must plan to sit for the CPA exam in Illinois within three years of application date and demonstrate progress in a course of study in accounting. This scholarship rewards African American junior, senior, or graduate accounting students who demonstrate strong academic performance, leadership qualities, and financial need. The number of recipients will vary.
The CPA Endowment Fund of Illinois is a 501 (c)(3) organization formed in 1998 as the charitable partner of the Illinois CPA Society to ensure ongoing funding for scholarship and outreach programs designed to support diverse and deserving accounting students and future CPAs. Funded solely by voluntary donations, these programs are geared toward attracting students to the CPA profession and supporting students who alone cannot keep up with the costs associated with completing their education and becoming a CPA.