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NEW YORK - The Tax & Accounting business of Thomson Reuters has donated its entire holdings in CPA2Biz, the for-profit subsidiary of the American Institute of CPAs, to the AICPA Foundation. Thomson Reuters said it had owned 8.71 percent of CPA2Biz following its 2001 investment. At the time, Thomson was one of three companies that invested $25 million each in the effort.
The AICPA Foundation funds five minority education programs and also funds four other accounting-education programs and two public financial-education guides. It is spearheading the Accounting Doctoral Scholarship program, a $17 million multi-year campaign to fund PhD educational opportunities.
