Haskins & Sells Foundation Scholarship Award;

              Haskins & Sells Foundation Scholarship Award
BY EDWIN H. HENDERSON Principal, Atlanta Office
Remarks upon presentation of Award at the Thirteenth Annual Ac­counting
Institute of the University of Georgia, Athens — October 1959
IT is always a pleasure to return to the beautiful campus of the University of Georgia for these annual Accounting Institutes. It is a particular pleasure for me to be here today as the representative of the Haskins & Sells Foundation for the purpose of making a Scholastic Award to one of your outstanding students of accounting.
In view of the interest expressed by some of my fellow prac­titioners
I think it would be in order to say a few words concerning the origin and history of the Foundation.
The Foundation was created as a non-profit organization in 1928 by five of the earlier partners of the firm of Haskins & Sells for the purpose of advancing the profession of accountancy through educa­tional
and research projects. The late Charles S. Ludlam, then senior partner of Haskins & Sells, was largely instrumental in establishing the Foundation and was one of its principal benefactors.
In June 1956 the Foundation announced a plan for making Scholastic Awards to students at forty colleges and universities throughout the Nation. This list has now grown to fifty-four. The award, amounting to $500, is given to the outstanding student of ac­counting
at each of the designated universities who has completed his junior year.
Few restrictions have been placed upon these Awards. The re­cipient
is to be selected by a committee of faculty members from among the five students having the highest grades in accounting. The Award winner is selected each year on the basis of factors that make for future success in public accounting, such as general grade average, with particular emphasis on grades in English subjects, apparent wil­lingness
to accept professional responsibilities, extracurricular activi­ties,
and moral character. You will note that emphasis is placed upon excellence rather than upon financial need.
Another part of the Foundation's plan relates to the awarding of $1,000 to each of a number of universities to assist qualified instructors in accounting while they are pursuing higher academic degrees in preparation for careers as accounting teachers. The list of universities receiving this Award has grown from five in 1956 to thirteen today. I
126