ICAEW.com works better with JavaScript enabled.

ICAEW Foundation

Shaping the future. A unique opportunity for today's generation to make a contribution of lasting benefit and to help shape the future of our profession.

What is ICAEW Foundation?

Donate now

The most tax-effective method of charitable giving in the UK is through Gift Aid. If you are a basic rate taxpayer, for every £1 you donate the ICAEW Foundation can claim 25p from HM Revenue and Customs. All you need to do is complete the Gift Aid Declaration.

Donate now
Launched in 2007 and with the support of ICAEW members, the Foundation is helping to shape the future of the profession by creating life-changing opportunities for students from financially challenged backgrounds.

Through our Changing Futures bursary programme we are currently assisting almost 40 students. In recent years we have grown the geographical reach of Changing Futures and now give bursary support to accountancy students in universities across the UK as well as to a growing number of students of the new chartered professional accountancy qualifications in Ghana and in Malawi. Our sister charity ICAEW Foundation in Hong Kong offers bursary support there too.

In addition to our own initiatives we connect with partners to widen our impact. We have long supported the work of Mango by funding bursaries to provide accounting skills training to individuals working in non-governmental organisations in Africa and Asia. Following its recent merger, we will now support  the work of the newly created Humentum which is focusing on two strands of international development improvement. Firstly, collaboration on fraud prevention, mitigation and response and secondly on the creation of more harmonised standards and practices in financial reporting to funders, due diligence of funding partners and fair cost recovery. We consider these vital elements in the improvement of outcomes and impact in international charitable development work.

We have raised almost £2.6m but still have a challenging way to go to reach our goal of £10m. Your help and support is needed more than ever to make a real difference.

ICAEW Foundation objectives

Changing Futures Bursaries

The Foundation provides bursaries through a number of UK universities to talented and aspiring students from financially disadvantaged backgrounds wishing to study for an accountancy degree. Our current bursaries run with the universities and business schools of Cardiff, Leeds, Nottingham, CASS, Manchester, Warwick, Glasgow, Bristol, Bournemouth, Liverpool, Lancaster, Durham and with Queens in Belfast.

ICAEW Foundation is particularly grateful to the family of the late Geoffrey Beckingham FCA who generously sponsor a long running bursary programme, through ICAEW Foundation, in Manchester Business School as a thoughtful bequeath in memory of their father. The next Beckingham bursaries will be available for students commencing their accountancy degree in September 2018.

Prizes

The Foundation is not currently providing any prizes.

We aim to build a £500,000 endowment to create new prizes and restore the value of existing ICAEW prizes. Prizes often commemorate the achievements of individuals by family, friends and colleagues. Please contact the Foundation Office if you want to discuss the creation of a prize.

Library Services and Heritage

Under our heritage assets charitable object ICAEW Foundation aims to enhance the ICAEW’s world-leading specialist Library and Information service (LIS) and to conserve the heritage of Chartered Accountants’ Hall, ICAEW’s symbolic headquarters.

Designed by John Belcher in the Italian renaissance style in 1890, Chartered Accountants’ Hall is a listed architectural landmark. It is not only a place of historic and architectural interest, but a symbol of the continuity and relevance of one of the longest established professions in the world. It is a working building that reflects the position of the ICAEW as a world-leading body. The conservation and preservation of our historic home for the benefit of current and future members is a duty we take seriously.

In 2017, ICAEW Foundation supported the reacquisition and return of the four ICAEW Henry Holiday stained glassed windows originally commissioned for Chartered Accountants’ Hall and installed in 1897. These magnificent windows were removed in 1970 to accommodate the Whitfield tower extension. The windows were reinstated in time for the 125th anniversary of Chartered Accountants’ Hall in 2018 and on the 90th anniversary of the death of their creator, Henry Holiday.

Rare Books Collection

Chartered Accountants’ Hall is home to one of the finest specialist libraries in the world. As a global centre of excellence for accountancy and business, it provides access to a first class range of up-to-date accounting, legal, market information, news and research services. The Foundation aims to build an endowment to ensure that the LIS continues to provide the most comprehensive service to the profession and businesses worldwide.

The LIS is the custodian of over 3,000 archived rare books on accounting. Spanning six centuries, these volumes are the result of over 100 years of careful collection and include Pacioli’s “Summa di arithmetica”. Written in 1494 it is the earliest known treatise on double-entry book-keeping. Another highlight is the earliest extant original text on accounting in the English language called “The maner and Fourme how to keep a perfecte reconying…" written by Peele in 1553.

The Foundation aims to fund specialist projects such as cataloguing these rare archives and making them available online. This would provide accounting professionals, academics and the public with unique access to valuable historic information relating to the development of accounting and commerce.

Shaping the future of Accountancy

This is your opportunity to acknowledge the advantages and benefits of being an ICAEW Chartered Accountant and make a real difference to the aspiring professional lives of current and future generations.

Applying for an ICAEW Foundation Changing Futures Bursary

ICAEW Foundation is pleased to announce a bursary with each of Durham and Lancaster universities for a student commencing their studies there in September 2017. We offer a very limited number of bursaries and the awarding criteria is strictly applied. Our bursaries are specifically for talented but financially disadvantaged (a family income of circa £25,000 pa) school leavers who would like to study for an accountancy or finance related degree at university. We would like to assist students who do not receive any other form of financial assistance or funding. Details are available on the university websites. 

PwC and ICAEW Foundation Bursary

ICAEW Foundation and PwC have partnered to support talented but financially disadvantaged students on the PwC Flying Start partnership degree programmes, most recently with four student bursaries in the universities of Newcastle, Reading and Nottingham. 

"EY

EY Foundation Smart Futures Programme

ICAEW Foundation and the EY Foundation continue to partner to provide five students on the EY Foundation’s Smart Futures programme with bursaries. This support also gives young people access to paid work experience improving their chances of getting a job, doing a degree apprenticeship or going onto higher education after school or college. ICAEW also delivers a one day business challenge to all students on the Smart Futures programme.

Contact the Foundation

To discuss how you can become involved with and support ICAEW Foundation, please contact Caroline Kearns, Head of ICAEW Foundation. 

T: +44 (0)20 7920 3539

E: caroline.kearns@icaew.com