VSCPA Educational Foundation Funds

When you make a gift to the VSCPA Educational Foundation, there are several funds to choose from. Read the fund descriptions below to help you decide how to allocate your gift. Unless otherwise indicated, all undesignated gifts will be allocated to the Foundation’s unrestricted annual fund for use toward current and future needs.

Annual Fund
Gifts to the Annual Fund provide important accounting scholarships and grants, while supporting the Educational Foundation’s general mission and goals by covering annual operating expenses. Unrestricted gifts to the Annual Fund help ensure the Educational Foundation will continue attracting future CPAs year after year. By investing in the Educational Foundation, you enable students to have the same rewarding opportunities you have experienced. Your contribution represents a tangible symbol of support for the future of your profession. Give to the Annual Fund now.

The Austin M. Cloyd, Matthew G. Gwaltney and Maxine S. Turner Doctoral Scholarship Fund
Three Virginia accounting families were profoundly impacted by the events of April 16, 2007, at Virginia Tech. Bryan Cloyd, a professor of accounting at Virginia Tech, and his wife Renee lost their daughter Austin; Linda Gwaltney, CPA, an accounting manager at Philip Morris in Richmond, lost her step-son Matthew, son of Gregory Gwaltney Jr. and Karen Gwaltney; and Paul R. Turner, CPA, vice president of financial management & billing at the Academy for Educational Development, and his wife Susan lost their daughter Maxine. To honor and remember the lives of Austin, Matthew and Maxine, the VSCPA Educational Foundation has established a doctoral scholarship fund to help future Virginia Tech students achieve their educational dreams. Give to this fund now by selecting the "The Austin M. Cloyd, Matthew G. Gwaltney and Maxine S. Turner Doctoral Scholarship Fund" from the menu of giving options on the online donation form.

Mares Scholar Fund
The CPA community lost a true leader, Michael E. Mares, CPA, in 2009. Mike symbolized the pinnacle of his profession as a pre-eminent and nationally known tax expert and attorney.  As a person, he greatly impacted the people and organizations with which he was involved, helping them reach greater heights. In his honor, Witt Mares established the Mares Scholar Fund to inspire and develop the next generation of leaders to carry on his exceptional life work. Give to this fund now by selecting “Witt Mares” from the menu of giving options on the online donation form.

The Thomas M. Berry Jr. Scholarship Fund
On April 30, 2007, after 30 years of leadership, Thomas M. Berry Jr., CAE, retired as president & CEO of the Virginia Society of CPAs (VSCPA). To honor Tom’s dedication to the VSCPA and the CPA profession, the VSCPA Educational Foundation established the Thomas M. Berry Jr. Scholarship Fund. Gifts provide a funding base to award an annual scholarship that pays tribute to Tom and recognizes his passion for the CPA profession. Give to the this fund now by selecting "Thomas M. Berry Jr. Scholarship Fund" from the menu of giving options on the online donation form.

Named Scholarships
Make your support last for years by establishing a named scholarship with a gift of $50,000 or more. The VSCPA Educational Foundation works with donors to create a fund agreement that will guide the use of your gift, both now and in the future. These scholarships may be named to recognize your support, honor a distinguished colleague or remember a loved one. If you are interested in ensuring the future of the accounting profession by establishing a named scholarship, please contact VSCPA Educational Foundation at (800) 733-8272 or info@VSCPAFoundation.com for more information. The minimum amount needed to establish a named scholarship is $50,000. All contributions to the VSCPA Educational Foundation, a 501 (c)(3) corporation, are tax deductible.

Planned Giving
By including the Foundation in your will or estate plans, you can continue your loyal support and leave a legacy for future CPAs in Virginia. The most common form of a deferred or planned gift is a charitable bequest. A will or living trust is a very personal matter and should be prepared with an attorney. The following language is an example of how a bequest may be worded:

"I hereby bequeath to the VSCPA Educational Foundation, located at 4309 Cox Road in Glen Allen, Virginia, the sum of (__% of my estate) or ($  )." (Please choose either a percent or a fixed dollar amount, but not both.)