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Haskins & Sells Foundation " My studies have often been interrupted for financial reasons. Your Foundation's grant to me at this time has been a very real factor in preventing another such interruption." These words and hundreds of other expressions of appreciation illuminate the work done by the Haskins & Sells Foundation. A non-profit organization begun in 1928, the Foundation carries on a variety of projects, but is involved primarily in two programs concerned with accounting education. The first is a $500 scholastic award, offered presently to students at 79 colleges and universities. The recipient is selected by his faculty from among the top five accounting majors. The second is a $1,000 annual grant made to professors of accounting to encourage further study. At present 28 colleges and universities participate in this program. These awards and grants have been given since 1956. Earlier Foundation awards were less systematized, granted as need and abilities of potential recipients appeared. Much of the spontaneity of the earlier method still exists as is seen by some of the Foundation's more unusual projects. Here are three examples. Homer K. Jones & Co. In 1910, while staying at the old Waldorf Astoria in New York and attending a meeting of the American Association of Public Accountants (forerunner of the AICPA), Homer K. Jones of Memphis, Tennessee met Elijah Watt Sells. Mr. Jones recalls having some spirited conversations with Mr. Sells and on one occasion having dinner at his home and going to a performance of "The Merry Widow." Throughout the fifty-five years since The first endowed chair at The Ohio State University will be named The James E. Hagerty Chair in Business honoring the man who served as the first dean of the College of Commerce when it was founded in 1916. The Foundation, with a contribution of $5,000 is among the initial donors. When Atlanta University, which has a predominantly Negro student body, applied for a faculty assistance grant, the Foundation's Board felt its accounting curriculum did not qualify for an award, but suggested the Foundation would be glad to help in the school's efforts to develop and upgrade the curriculum. When the University accepted this offer with enthusiasm, Professor Bobert K. Mautz of the University of Illinois was commissioned to work with them to that end. In 1958 the Haskins & Sells Foundation gave the American Accounting Association $25,000 to start its accounting fellowship fund. Since then many accounting firms and other foundations have contributed to keep the fund alive and active. This year the Foundation augmented the fund with an additional $15,000 grant presented at the American Accounting Association Conference held August 30-September 1 at the University of Oklahoma. then Mr. Jones has continued his friendships with people in Haskins & Sells, and this past September the practice of his firm, Homer K. Jones & Co., was combined with ours. Mr. Jones, who founded his firm in 1905 and has thus spent over 60 years in accounting, is retiring, but will continue with H&S in a consulting capacity. He has been a prominent part of the Memphis community, and together with his brother, who died some years ago, built up a substantial practice. Among a number of their clients with widespread opera- The Foundation's projects could be described at length, but it is really the intent that is significant. Any profession, particularly one expanding as rapidly as accounting, needs more than just skilled craftsmen to fill its ranks. It needs men dedicated to excellence and relentless in their pursuit of it. This trait is formed during years of study. Thus the Foundation's purpose is not only to reward this excellence, but in a sense to nurture it, to remove an obstacle from the path wherever this can be done. The Foundation's program helps to draw the Firm ever closer to the nation's educators. We are constantly affected by the changes occurring in education; as curriculum and methods change so the Foundation's program changes. Not only is the Foundation responding to these trends, but it is also expanding its two basic programs as more colleges and universities demonstrate that they offer the high caliber of education required for entry into the profession. This year John Carroll University in Cleveland and Arizona State University have been added to those now administering the $500 scholastic awards program. The University of Arizona has been added to those offering the $1,000 faculty assistance grants. tions, the one whose products would be most readily recognized is Plough, Inc.; St. Joseph's Aspirin and Coppertone are among its familiar brand names. William J. Planthaber has transferred to Memphis from Houston to take charge of the enlarged office. Jack L. Elliott, who has been supervising our office there as a sub-office of Saint Louis, will remain to assist him. A reception and dinner on August 19 in Memphis provided a warm welcome to the staff of Homer K. Jones & Co. and served to introduce all personnel of both offices. 10
Haskins & Sells Foundation
Homer K. Jones & Co.
|Subject||Homer K. Jones & Co.|
Jones, Homer K.
Sells, Elijah Watt, 1858-1924
Haskins & Sells Foundation
H&S Reports, Vol. 02, (1965 autumn), p. 10
|Source||Originally published by: Haskins & Sells|
|Rights||Copyright and permission to republish held by: Deloitte|
|Format||PDF page image with corrected OCR scanned at 400 dpi|
|Collection||Deloitte Digital Collection|
|Digital Publisher||University of Mississippi Library. Accounting Collection|