CREATING LINKAGE. KPMG Foundation 2014 Annual Report

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(2) CREATING LINKAGE KPMG Foundation 2014 Annual Report.

(3) For 46 years, KPMG Foundation has been passionate and proactive about giving back. Historically, we focused on the engine that drives the development of tomorrow’s workforce — the higher education community. In recent years, we have been reaching further and deeper. The road to a better prepared talent pool originates in early childhood. Accordingly we identified and supported a comprehensive, robust portfolio of programs encompassing all of education. We have done so in our own distinctive way. KPMG Foundation does not merely award grants. We prefer to engage collaboratively with those groups we fund. We encourage and facilitate KPMG LLP partners and employees to engage with them. We develop channels for the programs we support to engage with and enhance each other. We create linkages. Linkage is inherent in workforce preparedness: it is one long chain, tracking all levels of education, from early childhood to workforce entry. We have simply found and funded those links — at least one at each level. What we further strive for is, we think, truly exciting — the creation of new linkages: UÊ À}}Ê*ÊÛÕÌiiÀÃÊ>`ÊÕìÀ}À>`Õ>ÌiÃÊÊ«À}À>ÃÊÜiÊvÕ`ÊÌÊiiiÌ>ÀÞÊÃV ÃÊÌÊ«ÀÌiÊÌiÀ>VÞ]ÊÌ ÀÕ} Ê>Ì iÀÊ program we support. UÊ ÃÌ}ÊVi}iÊv>VÕÌÞÊvÀÊÕÀÊ*

(4) Ê*ÀiVÌÊÌÊi >ViÊ>VVÕÌ}Êi`ÕV>ÌÊÊ } ÊÃV Ã°Ê UÊ VÕÀ>}}ÊÌ ÃiÊ } ÊÃV ÃÊÌÊ i«Ê>`Û>ViÊw>V>ÊÌiÀ>VÞÊÊ`ìÊÃV ÊÜÌ Ê>Ì iÀÊ«À}À>ÊÜiÊvÕ`° These new linkages leverage our financial support. You will find more examples are established and mature; others are pilots as we continue to forge new linkages. All point to our vision of a future workforce with the skills and values to contribute meaningfully to both business and communities. This points to one more critical linkage: the one between KPMG Foundation and KPMG LLP’s core pillars of corporate responsibility, especially as they relate to workforce preparedness and underserved communities. This linkage drives us. These linkages could not exist without the ongoing generosity of the KPMG LLP partners and employees who contribute, whether financially or of time. >V ÊÌiÊÞÕÊ`ÊÃ]ÊÞÕÊÊÕÀÊÛÃÊvÊVÀi>Ì}Ê>}iÆÊÞÕÊViVÌÊÞÕÀÃiÛiÃÊÌÊÌ iÊVÕÌiÃÊÜiÊ>ÊÃiÀÛi°ÊÀÊÌ ÃÊÜiÊÌ >ÊÞÕÊ«ÀvÕ`Þ°. Jose R. Rodriguez Chair, KPMG Foundation. iÀ>À`Ê°Ê>Ê President, KPMG Foundation. 2. KPMG’s Family for Literacy, Beta Alpha Psi and thousands of K-3 schoolchildren “Reading is an adventure!” nearly 4,000 Anaheim City School students were told at the leadoff event of an exciting new literacy collaboration between KPMG LLP, KPMG Foundation and the undergraduate honor organization Beta Alpha Psi (BAP). In August 2013, BAP’s first International Day of Literacy took place in partnership with KPMG LLP and KPMG Foundation. In the targeted Orange County, California community, one in seven children drop out or fail to graduate on time.. During the event, 942 volunteers delivered 3,922 books to 3,922 students in an adventure of fun and learning. After taking an imaginary trip around the world through reading and playing other literacy games, each child received a book. Hundreds of notebooks, pens and other school supplies were also distributed. Reading links directly to future academic and professional success; limited access to. 3.

(5) books is the biggest obstacle to children’s literacy in low-income communities1. Building on the successful KPMG’s Family for Literacy (KFFL) program, this initiative connects BAP students with KFFL volunteers to give away books and share the joys of reading at elementary schools in economically disadvantaged areas. Blane Ruschak, KPMG LLP Executive Director of University Relations and Recruiting, is the past president of Beta Alpha Psi Board of Directors and a driver of this initiative. In Fiscal Year 2014, the BAP’s International Day of Literacy’s launch year, KPMG Foundation funded 10 events that reached an additional 2,400 children once BAP students were back on their own campuses. Eight more events were in the pipeline and scheduled for early fiscal 2015. 1. - Susan B. Neuman, Ph.D. University of Michigan, Ctr. for Improvement of Early Reading Achievement. KPMG’S Family for Literacy ÊÜ>ÃÊVÀi>Ìi`ÊÊÓäänÊÊV>LÀ>ÌÊÜÌ ÊÌ iÊ«ÀwÌÊÀÃÌÊ Ê to combat childhood illiteracy by providing new books to underserved children. It also created a new way for KPMG’s partners and employees, and their families, to participate in the firm’s community service efforts. Volunteers raise money, visit classrooms, read to children and put new books into their hands — in many cases, these are the first books the children have ever owned. Celebrating KFFL’s five-year anniversary in fiscal 2013, every KPMG office in the U.S. participated in this initiative, which has provided more than two million books to children in need across the country. KFFL is expanding its reach beyond the US to children around the world – most recently in Mexico, India and South Africa.. 4. 5.

(6) Junior Achievement Middle school is the crucial, but often underserved, link between elementary and high school education KPMG Foundation has committed $1.75 million over six years to enhance the preparation of young people, primarily in middle school, for careers in business and to attain financial literacy.. 11,457 207 12. than 10,000 employee volunteer hours to JA in the 2012-2013 school year.. In fiscal 2014, KPMG Foundation funded a major redevelopment of the JA Finance Park curriculum to make it more career-focused, To achieve this the Foundation is partnering relevant and technology-oriented. In a pilot with Junior Achievement USA®, the highly of the new version that involved 11,457 regarded organization that fosters workstudents and 207 teachers in 12 locations, readiness, entrepreneurship and financial student retention of knowledge was found literacy skills in students. to increase 17%. The effort centers around the flagship JA Finance Park® curriculum and interactive program that teaches young people to make intelligent personal finance decisions that can last a lifetime. More than 1,300 volunteers from 35 KPMG LLP offices took part in JA programs, and the firm contributed more than $550,000 through corporate philanthropy, fundraising events and employee giving. KPMG also received the U.S. President’s Volunteer Service Award recognizing more. New York Says Thank You Foundation ®. Larry Leva, KPMG LLP’s Global Vice Chair of Quality and Risk Management, was Chair of the Board of Directors of JA USA in fiscal 2014, and more than 50 KPMG LLP partners and employees serve on local JA boards.. KPMG LLP volunteers engaged personally with young people in New York, New Jersey and Boston during 2014. They visited schools to watch and discuss a New York Says Thank You documentary film that models how volunteerism can positively impact communities touched by tragedy.. For more information, visit www.juniorachievement.org. Also visit: www.kpmg.com/us/JA. * Student comments after a KPMG-led Finance Park program in Dallas. 6. This organization’s 9/12 Generation Project builds on the upsurge in volunteerism and citizenship that followed the 9/11 tragedy in an initiative to inspire students with positive lessons of citizenship and service. KPMG’s three-year commitment helps support the program, which brings service learning experiences focused on community revitalization, disaster relief and the arts to middle and high school students around the country.. For more information, visit http://newyorksaysthankyou.org/ and http://912generationproject.org/. 7.

(7) Career Focused High Schools National Academy Foundation Connects Urban Students to Opportunity For more than 30 years, the National Academy Foundation (NAF) has been a leader in preparing high school students, most of them in underserved communities, for college and career success. Touching more than 70,000 students nationally, NAF reports that 85% of its graduates go on to professional level jobs, and earn on average 11% more than other schools’ graduates. More than half of them will become first-generation college students. KPMG Foundation, recognizing that high school is perhaps the decisive segment of the educational chain, has deepened its alliance with NAF. The goal is to strengthen accounting education in NAF’s Academies of Finance, and to develop interest in accounting as a career. In 2014, KPMG LLP expanded its engagement with the Academies of Finance; 19 KPMG offices are now involved. KPMG LLP volunteers introduce NAF students to the accounting profession through mentoring and role-modeling, and by offering job shadow and work based learning opportunities, including résumé review, interviewing skills and business etiquette. Nationwide, 21 NAF students interned with various KPMG LLP offices during summer 2014. KPMG LLP is proud to serve on NAF’s STEM Advisory Committee.. 8. NAF created the STEM Advisory Committee to ensure that academics remain current with industry developments, incorporating a dynamic and effective curriculum that aligns with the needs of the modern workforce. In addition, KPMG LLP has convened NAF representatives and senior leaders from the finance industry to explore ways the industry might work together to prepare students for the workforce. KPMG hosted a corporate partner breakfast focused on “Building Skills for the Future Workforce,” during which participants explored student internships as a business strategy rather than as a philanthropic initiative. The event was one of several held in 2014, with more scheduled. Creating new linkages, KPMG Foundation connected NAF in 2014 to two other Foundation-supported programs through introductions to Junior Achievement, and to PhD Project professors. A pilot was launched to foster relationships between PhD Project professors and NAF academies, and expose NAF students to the college environment. In Miami, 15 NAF students participated in Florida International University’s Accounting Bridge program, where they networked with college students, professors and business partners. Additionally, a PhD Project professor from Seattle University shared her career experiences and insights on the accounting profession with NAF academy students. This effort is projected to widen in 2015. KPMG Foundation has committed $1.5 million over six years to NAF’s Academies of Finance for a collaboration that included development of a new accounting curriculum. For more information, visit www.naf.org.. 9.

(8) KPMG Foundation President Bernard J. Milano sits on the national Board of Directors, and KPMG LLP has held a seat on the board for the last 16 years. For more information, visit www.compact.org. Enactus Enactus is an international organization of student, academic and business leaders who work to leverage the power of entrepreneurial action to transform lives and improve the standard of living for people in need globally.. KPMG Foundation Supports Programs That Link Students to Service Beta Alpha Psi (BAP) Over four decades, KPMG has been the largest donor to Beta Alpha Psi, the nationwide honors society with an emphasis on service, for financial information and accounting students.. Beta Gamma Sigma (BGS) In one Massachusetts town they worked with local officials to develop a business plan for a badly needed yard waste composting facility.. During this time, more than 300,000 future leaders in the financial and accounting professions have benefited from BAP’s extensive professional development activities.. In St. Louis they worked with high school students through Junior Achievement on developing key life skills in personal finance.. One of KPMG Foundation’s major contributions to BAP funds the organization’s yearly community service day, which takes place each summer in the city where the American Accounting Association holds its annual conference. The fiscal 2014 community service day became the International Day of Literacy event described on page 3, as KPMG Foundation, KPMG LLP and BAP sharpened their collaborative focus on literacy programs. KPMG Foundation 2014 support also included $40,700 in awards to 148 “superior” chapters and $30,000 to 12 “gold” chapters. For more information, see www.bap.org. of business. It serves at business programs accredited by AACSB International, The Association to Advance Collegiate Schools of Business. Membership in Beta Gamma Sigma is the highest recognition a business student in an AACSB accredited business program can receive. KPMG Foundation also supports another BGS effort, the Student Leadership Forum.. In Rochester, New York they donned Halloween costumes to read books with elementary schools.. For more information about Beta Gamma Sigma and its leadership programs, visit http://www.betagammasigma.org.. At these and other locations in October 2013, student members and alumni took part in the international honor society Beta Gamma Sigma’s second annual Day of Service – cleaning up beaches and gardens, teaching financial literacy and giving back to their communities in innumerable ways. KPMG Foundation is the exclusive sponsor of this global event.. Campus Compact Campus Compact addresses the public purpose of higher education. A coalition of more than 1,100 colleges and universities, it is the only national higher education organization dedicated solely to campus-based civic engagement. It promotes public and community service to develop students’ citizenship skills and help campuses connect meaningfully to their communities.. Beta Gamma Sigma honors and encourages academic achievement in the study. From 36 countries and 1,600 universities, 66,500 active students in Enactus have contributed 7.4 million volunteer hours toward this goal. KPMG Foundation is a longstanding supporter of Campus Compact – since 1998, total funding of $600,000 has touched the lives of millions of college students and uncountable more in the communities they serve. For a second consecutive year, this support in 2014 included sponsorship of two awards, one to a student and one to faculty, that promote civic engagement: The Newman Civic Fellows Award honors inspiring college student leaders who represent the next generation of public problem solvers and civic leaders. They serve as national examples of the role that higher education plays in building a better world. The Thomas Ehrlich Civically Engaged Faculty Award recognizes one senior faculty member for outstanding leadership in advancing students’ civic learning, conducting community-based research and in other ways enhancing higher education’s contributions to the public good.. KPMG LLP is one of the five largest supporters of Enactus. KPMG Foundation’s multiyear investment in the United States program includes $50,000 for 2014. Member firms of KPMG International provide more than $1,000,000 additional annually. The signature event of Enactus is its annual “World Cup” student competition. From around the world, entrepreneurially-oriented young men and women compete to be recognized for excellence in the public service programs they have been conducting in their communities all year. KPMG International is lead sponsor of this prestigious competition, which is judged by an international panel of business and professional leaders. More than 80 KPMG partners and employees participated in the fiscal 2014 World Cup activities. In addition: – KPMG LLP Partner Shaun Kelly, Vice Chair, Operations serves on Enactus’ Worldwide Board of Directors. – Emmanuel Tuffour, Tax partner; Melisa Denis, Tax partner; Patrick Dolan, national managing partner, Market Development; Rema Serafi, Tax partner; and Foundation President Bernard J. Milano all sit on Enactus’ U.S. Board of Advisors. – Partners of member firms of KPMG International participate in more than 30 countries. Several are Enactus chairpersons and board members. For more information, visit http://enactus.org. 10. 11.

(9) “For many years, I have been conditioned to believe that I would not amount to much. That I did not have the intellectual capacity to achieve my dream of a PhD. The PhD Project has changed my life! Everyone (from the panelists to PhD Project staff) was so helpful in answering questions and easing my fears. The project has helped me solidify my plans to achieve my PhD goal and I’m thankful.” 2013 PhD Project conference attendee. The PhD Project Association Changing the face of business school faculties Twenty years ago, many of the fledgling PhD Project’s earliest supporters in academia – the same deans and professors who most wanted it to succeed – were doubtful that it could ever achieve its ambitious objectives. The task of diversifying the faculty of American business schools – where minorities were almost non-existent in front of the classroom – seemed too daunting. Besides, they noted, other such efforts had tried and failed. But they pitched in energetically and enthusiastically to join KPMG Foundation and its allies in launching the program. Today, each one of them is delighted to admit how wrong they were back in 1994. At the close of fiscal 2014, as The PhD. 12. Project celebrated its 20th anniversary, the number of African-American, HispanicAmerican and Native American professors in the business disciplines had more than quadrupled – from 294 in 1994 to 1,253. Another 311 were in the pipeline, pursuing their PhD. “The idea of diversifying the faculty at business schools to many seemed like a more or less hopeless endeavor,” observes Dr. Scott Cowen, President Emeritus of Tulane University. “Thanks to the relentless and deliberate work of The PhD Project, we now know that it can be done.” The PhD Project consists of two linked and essential elements: an outreach, marketing and educational campaign to attract and inform minorities who may wish to trade. in their successful careers in business for a new career in academia; and a peer support and professional development program to ensure that those who do so will successfully complete the lengthy and rigorous business doctoral program. Thanks to this support and development, which centers around annual meetings each summer of all current doctoral students and continues online throughout the year, PhD Project participants significantly outperform the general population of doctoral students. About 90% of PhD Project doctoral students complete their doctoral program; the general population’s completion rate in business programs is about 70%. Today, PhD Project professors teach, conduct research and mentor the next generation of business students – both majority and minority – at dozens of. colleges and universities around the country. The PhD Project Association is a separate 501(©)(3). KPMG Foundation continues as the primary funder and provides all the administration for The PhD Project. The combined total support was $698,756 in 2014. Since 1994, the total contribution exceeds $16 million. For more information about The PhD Project, visit www.phdproject.org. The PhD Project 20th Anniversary 2013 Conference Highlights “The Conference Has Changed My Life.”.

(10) The PhD Project AHEAD For the new generation of African-American, Hispanic-American and Native American scholars created through The PhD Project, the next link in the chain is logical: academic leadership. The underrepresentation of African-Americans, Hispanic-Americans and Native Americans within business school administration is even more extreme than it was on the faculty level when The PhD Project began. There are fewer than 20 deans at majority-serving business schools from these minority groups, and fewer than 25 more at all the nation’s historically Black or Hispanic-serving colleges. In 2009 The PhD Project introduced Project AHEAD (Achieving Higher Education Administration Diversity) to support and encourage minority business school professors – most of whom are PhD Project alumni – who want to rise to department chair, dean or other leadership roles. A PhD Project Deans Advisory Board supports and participates in this initiative. Through AHEAD panel discussions, informational presentations, webinars and mentorship, many PhD Project professors are now preparing for this next link in the chain. Former KPMG associate, now Assistant Professor of Accounting Kerri-Ann Sanderson (center) with KPMG Foundation trustees Milford W. McGuirt (left) and Rebecca P. Sproul. When her students ask about KPMG LLP she tells them, “The people are real, and the firm is more cooperative than competitive.”. Those who have achieved it report that they feel even more fulfilled, as they can positively impact an academic environment broader than their own classrooms and research.. “Leadership is a calling, and I hear the call.” – Dr. Jorge Pérez, one of three PhD Project professors chosen for a prestigious American Council on Education Fellowship for fiscal 2014. The Fellowship prepares faculty with leadership potential to advance to higher education administration.. KPMG Stands Behind the PhD Project. 14. 15.

(11) KPMG Professorships The KPMG Professorship is:. Supporting Tomorrow’s Accounting Professors. ÊÃ}ÊvÊ ÀÊ>}Ê«iiÀÃÊÊUÊÊÊL>`}iÊvÊÀiÃ«ÃLÌÞÊÊUÊÊÊÃ}>ÊÌÊÃÌÕìÌÃÊÊUÊÊÊÃ}wiÀÊvÊ«ÀviÃÃ>Ê>V iÛiiÌ. Indiana University KPMG Professor of Accounting (since 2008). Robert May University of Texas at Austin KPMG Professor of Accounting Emeritus. UÊ ÝiVÕÌÛiÊÃÃV>ÌiÊ

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(14) i>]ÊV LÃÊ-V ÊvÊ Business UÊ ,iÌÀi`ÊÊwÃV>ÊÓä£{Ê>vÌiÀÊÓ{ÊÞi>ÀÃÊ>ÃÊ*Ê Professor and 34 years on faculty UÊ ÌÕiÃÊÌÊÃ}Ê ÃÊi>ÃÊ>ÃÊ*Ê*ÀviÃÃÀÊ Emeritus. “I am honored to be associated with a firm that has done so much to bring diversity and fresh viewpoints to faculty in higher education. KPMG has been an outstanding leader in this area, and the academy and our students have benefitted greatly.. “KPMG Foundation support enabled the university to retain highly productive faculty members in spite of funding constraints. It provided funds to hire graduate students for research, and for travel to professional conferences. It also made it possible for faculty to purchase better computer equipment, and access to research databases.. “My position as KPMG Professor of Accounting has had a tremendous impact on my research. The financial support has enabled me to collect data for a number of projects. My interactions with KPMG professionals have both served as a catalyst for research projects and enhanced my thinking about various research issues.. “I was very proud to be a KPMG Professor. But I knew that it wasn’t really about me – it was a strong KPMG commitment to the University of Texas.. Laureen Maines. KPMG Minority Accounting Doctoral Scholarships As the PhD Project recruits, develops and provides peer support to minorities who decide to build a new career in academia, the KPMG Minority Accounting Scholarships program provides financial support for those who pursue a doctorate in accounting. KPMG Foundation has, since 1993, further encouraged and supported the new generation of African-American, HispanicAmerican and Native American accounting faculty. It has provided them with scholarships to help them undertake and complete the four or five years of doctoral study needed to become professors.. Over the 21 years, 331 underrepresented minorities have received $10,000 annual renewable doctoral scholarships from KPMG Foundation. The commitment to date exceeds $15.5 million.. renewable for five years. Scholarships were renewed for another 31 minority students, bringing the total number of scholarships awarded for the academic year to 42. Together, The PhD Project and KPMG Minority Accounting Doctoral Scholarships programs help diversify business faculty by attracting, developing and providing support for a new generation of minority doctoral students.. In 2014 the Foundation awarded 11 new scholarships of $10,000 each,. AICPA’s Accounting Doctoral Scholars Program Fiscal 2014 marked a milestone as the first cohort of graduates from a major initiative of the American Institute of Certified Public Accountants (AICPA), the Accounting Doctoral Scholars (ADS) program, taught their first accounting courses in college classrooms. KPMG Foundation has joined other accounting firms and organizations in provid-. 16. ing nearly $18 million over eight years for what AICPA calls the largest initiative in the profession’s history.. attracted and encouraged successful accountants to switch careers and become professors.. ADS is modeled after The PhD Project (see page 12). It was created in 2008 as a response to the impending nationwide shortage of accounting faculty in business education. Like The PhD Project, it has. Many of the 110 Accounting Doctoral Scholars who took up the challenge and received scholarships said they likely wouldn’t have made the transition from CPA to scholar without the ADS Program.. Twenty-six members of the program’s first classes — 10 of them former KPMG LLP associates — have completed their studies and are now on faculty. The fourth and final class of ADS scholars began studies in 2012. In all, of the 110 individuals who have received four-year ADS scholarships, 33 are alumni of KPMG LLP.. “KPMG is a true partner with the Kelley School of Business in helping us develop our students into accounting professionals. They bring new insights to students in the classroom and spend hundreds of hours mentoring students.. “Many people think a university is a teaching institution; others think it’s a research institution. Neither is really true. It’s a learning institution. Faculty learn through their research and students learn through the faculty, the library and their own inquiry. Rev up those learning engines to the highest levels possible, and you create an educational environment that launches students into lifelong leadership roles.”. “I always feel like a proud parent at the KPMG Annual Success Dinner when I see how accomplished our students have become, and the great opportunities and successes our former students have had at KPMG.”. 17.

(15) 2014 KPMG Professors Stephen K. Asare University of Florida. Samir El-Gazzar Pace University. Kathy Hurtt Baylor University. M. Herschel Mann Texas Tech University. Kevin D. Stocks Brigham Young University. Ramji Balakrishnan University of Iowa. N. Allen Ford University of Kansas. Steve Kaplan Arizona State University. David Manry University of New Orleans. Jerry R. Strawser Texas A&M University. Stanley F. Biggs University of Connecticut. Arthur J. Francia (term ended June 2014) University of Houston. Inder K. Khurana Jennifer Mueller Phillips University of Missouri-Columbia Auburn University. Frank A. Buckless North Carolina State University Alexander L. Gabbin James Madison University Donald R. Chambers Lafayette College John C. Gardner University of New Orleans Hsihui Chang Drexel University George O. Gamble (effective September 2014) Paul A. Copley University of Houston James Madison University Barron H. Harvey D. Larry Crumbley Howard University Louisiana State University Rachel M. Hayes Dan S. Deines (effective September 2014) Kansas State University University of Utah. Larry N. Killough (term ended June 2014) Virginia Polytechnic Institute and State University Wayne R. Landsman University of North Carolina at Chapel Hill. Sara Ann Reiter Binghamton University Thomas F. Schaefer University of Notre Dame Phillip B. Shane The College of William and Mary. William L. Lanen (term ended May 2014) University of Michigan. Sandra W. Shelton DePaul University. Henock Louis Pennsylvania State University. Pamela A. Smith Northern Illinois University. Laureen A. Maines Indiana University. Theodore Sougiannis University of Illinois at Urbana-Champaign. K.R. Subramanyam University of Southern California Steve G. Sutton University of Central Florida Miklos Vasarheyli Rutgers, The State University of New Jersey Connie Weaver Texas A&M University Gerald Weinstein John Carroll University W. Mark Wilder University of Mississippi. Joni J. Young University of New Mexico. The following professorships are currently unfilled. In certain cases, endowment earnings have been temporarily designated, with KPMG Foundation approval, for other purposes: UÊÀ`>Ê-Ì>ÌiÊ1ÛiÀÃÌÞ UÊiÀ}>Ê-Ì>ÌiÊ1ÛiÀÃÌÞ UÊÕÃ>>Ê/iV Ê1ÛiÀÃÌÞ UÊ-Ì°Ê*iÌiÀ½ÃÊ i}i UÊ1ÛiÀÃÌÞÊvÊiÌÕVÞ UÊ1ÛiÀÃÌÞÊvÊ>ÀÞ>` UÊ1ÛiÀÃÌÞÊvÊV }> UÊ1ÛiÀÃÌÞÊvÊ iLÀ>Ã> UÊ1ÛiÀÃÌÞÊvÊ"> > UÊ1ÛiÀÃÌÞÊvÊ/iÝ>ÃÊ>ÌÊÕÃÌ UÊ6À}>Ê*ÞÌiV VÊÃÌÌÕÌiÊÊÊÊ and State University. Susan Perry Williams University of Virginia. Faculty Professional Development New knowledge in accounting originates not only within the practice but from the academic community. Accounting professors come together at academic conferences to explore, evaluate and enhance their new learnings before they share them with the profession. KPMG Foundation facilitates this critical process by sponsoring academic conferences and enabling more professors to attend them.. 18. KPMG Foundation was the sole 2013-14 sponsor of: UÊ iÀV>ÊVVÕÌ}ÊÃÃV>ÌÊ®Ê o Auditing Section Midyear Meeting and Doctoral Consortium o Diversity Section Midyear Meeting o Government and Nonprofit Section Midyear Meeting o Forensics and Investigative Accounting Section Meeting o Information Systems Section Midyear Meeting and Doctoral Consortium o International Section Midyear Meeting and Doctoral Consortium. In The Community. o American Tax Association Doctoral Consortium UÊ À>`Ê-ÕiÀÊVVÕÌ}Ê,iÃi>ÀV Ê viÀiViÊ UÊ 1ÛiÀÃÌÞÊvÊ V>}ÊÕÀ>ÊvÊVVÕÌ}Ê,iÃi>ÀV Ê Conference UÊ 1ÛiÀÃÌÞÊvÊ ÀÌ Ê >À>É

(16) ÕiÊºVVÕÌ}Ê >«» UÊ 1ÛiÀÃÌÞÊvÊ ÀÌ Ê >À>Ê/>ÝÊ*VÞÊ-Þ«ÃÕ. Points of Light Institute. U.S. Chamber of Commerce Foundation’s Corporate Citizenship Center (USCCF). The Points of Light Institute has always been all about creating linkage. The world’s leading volunteer organization, with more than 20 years of history, Points of Light connects people to their power to create positive change and address the critical needs of communities. Among its credos: “We inspire, equip and mobilize people to take positive action.” The organization organizes 250,000 service projects a year.. USCCF’s Corporate Citizenship Center, a unit of the U.S. Chamber of Commerce, works to promote corporate citizenship and to develop partnerships among the private sector, government and the non-profit community. It was formerly known as the Business Civic Leadership Center.. KPMG Foundation has supported Points of Light Institute, a model and vehicle for community citizenship, since 1996. The total investment now exceeds $1,000,000. Points of Light Institute’s HandsOn Network is one of the programs KPMG Foundation has funded. It links over 250 civic hubs that connect 2.6 million people a year with opportunities for service. Their volunteer hours have an economic value of $579 million.. The Corporate Citzenship Center operates four core programs: the Business and Society program, the Global Corporate Citizenship program, the Corporate Community Investment program and the Disaster Assistance and Recovery program. Each year, the organization holds an annual Corporate Citizenship Awards Dinner and Gala where it honors businesses, local chambers of commerce and trade associations for excellence in ethical leadership and corporate stewardship.. KPMG Foundation President Bernard J. Milano serves on the Points of Light Board of Directors and Executive Committee.. KPMG Foundation is a longtime supporter and KPMG Foundation President Bernard J. Milano is a member of its Board of Advisors.. For more information, visit www.pointsoflight.org.. For more information, visit http://bclc.uschamber.com/.. 19.

(17) Fiscal Year 2014 Cash Basis Financial Highlights. Matching Gifts. Revenue Sources Matching Gift Program. KPMG LLP Contribution. In fiscal 2014, donations from KPMG LLP active and retired partners and employees to higher education institutions, when matched by KPMG Foundation, provided $6.3 million to support student and faculty development. In fiscal 2014, KPMG LLP increased the maximum match for employees, partners and retired partners from $5,000 to $7,500 per person, per school, per year. This funding enrichment is now enabling numerous colleges and scholars to advance their academic goals through scholarships, faculty fellowships, curriculum development and similar endeavors.. Fiscal Year. 20. 2013. 2014. Contributed by partners/employees through the KPMG Foundation. $2,288,719. $2,639,097. Matched by Foundation. $2,011,115. $2,420,169. Additional partner/employee direct gifts to colleges. 419,654. 648,445. Foundation match on direct gifts to colleges. 419,654. 648,445. Program Expenditures $6,417,000. Matching Gift Program. 5,683,743. >ÌV }ÊvÌÊ

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(19) Ê*ÀiVÌÊÃÃV>ÌÊÊ. Èn]ÇxÈ. Other. Grants - Academic Organizations - Community Organizations - Universities - National Academy Foundation - Junior Achievement. 511,427 177,000 293,000 250,000 250,000.

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(23) KPMG Foundation For further information about the initiatives described in this annual report or to order additional copies, please contact us at: KPMG Foundation Three Chestnut Ridge Road Montvale, New Jersey 07645 www.kpmgfoundation.org [email protected]. KPMG Foundation Trustees Jose R. Rodriguez Chair, KPMG Foundation KPMG LLP Chief Operating Officer for Global Audit Bernard J. Milano President, KPMG Foundation Theresa P. Ahlstrom KPMG LLP Partner-Advisory Member, KPMG LLP Board of Directors Kelli J. Brooks KPMG LLP Principal-Advisory Forensic Technology Services Robert P. Fisher KPMG LLP Partner-Advisory. Christine R. Griffith KPMG LLP Partner-Tax Laurel A. Hammer KPMG LLP Partner-Audit. Paul J. Knopp KPMG LLP Partner,-Audit Member, KPMG LLP Board of Directors Milford W. McGuirt KPMG LLP Partner-Audit. Kathy Hopinkah Hannan KPMG LLP Partner National Managing Partner Diversity and Corporate Responsibility. Bruce N. Pfau KPMG LLP Principal Vice Chair - Human Resources and Communications. Laura J. Hay KPMG LLP Principal National Sector Leader-Insurance Member, KPMG LLP Board of Directors. Rebecca P. Sproul KPMG LLP Partner National Managing Partner of University Relations and Recruiting. Tammy Y. Hunter KPMG LLP Partner-Tax Cochair, KPMG LLP’s Women’s Advisory Board. French Taylor KPMG LLP Partner-Tax. © 2014 KPMG LLP, a Delaware limited liability partnership and the U.S. member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity. All rights reserved. To see video clips of some of the life-changing individuals supported by these programs, and to learn more about The KPMG Foundation, visit www.kpmgfoundation.org.

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