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September 20, 2012

ICAS launches charitable foundation

A charitable foundation launched by the Institute of Chartered Accountants of Scotland (ICAS) will provide young people in the UK with funds to undertake financial and accountancy studies.

The Scottish institute plans to offer 40 grants of up to £10,000 ($16,201) annually for underprivileged students and envisages providing mentoring support.

The foundation comes to strengthen ICAS’ range of courses such as the degree and school leavers’ programmes it offers in partnership with Birmingham, Exeter and Lancaster universities.

ICAS said the foundation is intended to work closely with schools, colleges, universities and charities across the UK in order to ascertain the special needs of students who want to forge a career in accountancy.

“ICAS and the accountancy profession have a role to play in giving back, ensuring we do more for society and future generations. We can help remove financial barriers. We can support. We can encourage. We can mentor,” ICAS president David Tweedie said. 

ICAS charitable foundation will be primarily funded by member’s donations. 

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