The University proudly announced in December 2021, the establishment of the James and Jennifer Newman Endowed Accounting Scholarship in the Michael E. Stephens College of Business, made possible by a generous donation from the Newman family.
The scholarship is for students pursuing a degree in accounting, with preference to a student who is the first in their family to attend college.
“The Newman family has supported the University for many years,” said Scott Dillard, vice president of advancement and external affairs. “We are very excited about this gift and what it means for our students.”
The James and Jennifer Newman Scholarship will be awarded annually to a student who is an accounting major with junior or senior status or a fifth-year student and in good academic standing at the University. Preference will be given to a first-generation college student with a demonstrated financial need for scholarship support.
If a qualified accounting major is not identified, the funds will be provided to a qualified student in the Stephens College of Business. If funds are available, additional scholarships may be awarded. The recipient may receive the scholarship for up to three years, including as a fifth-year MBA student.
Applicants may reapply to have the scholarship renewed.
James Newman graduated from UM in 1974 with a degree in accounting. After prestigious careers in accounting, James retired as a partner at PricewaterhouseCoopers and has served on the Stephens College of Business Advisory Board since 1985. Jennifer Newman was formerly an accountant and CPA, as well as managing director at Morgan Keegan and Company, Inc.
Today, James and Jennifer Newman reside in Jacksonville, Florida, with their poodle, Beau.
In appreciation for the Newman’s generosity, the University renamed the accounting program The James and Jennifer Newman Accounting Program.