WILTON, CONN. - February 10, 2009 - The Deloitte Foundation, a not-for-profit arm of Deloitte LLP, today announced the 2009 recipients of its Doctoral Fellowship Program grants. The 54 year old program will award $250,000 in grants to ten doctoral students across the country. This year’s recipients will join more than 1,000 outstanding accounting scholars who have received financial support from this award program.

The recipients of the Deloitte Foundation Doctoral Fellowships in Accounting for 2009 and the institutions they attend are: Brian K. Akins, Massachusetts Institute of Technology; John L. Campbell, University of Arizona; Catherine D. Farmer, University of Chicago; Michael J. Jung, University of Pennsylvania; Allison P. Koester, University of Washington; Eddie L. Owens, University of North Carolina "“ Chapel Hill; Kristina M. Rennekamp, Cornell University; Marcy L. Shepardson, University of Texas "“ Austin; Nemit O. Shroff, University of Michigan; and Tsahi Versano, University of California "“ Los Angeles.

"Each year we proudly provide financial support to Ph.D. candidates working toward their doctoral degrees in accounting and who will be pursuing careers in accounting education and research," said Shaun Budnik, president of the Deloitte Foundation. "The Deloitte Foundation Doctoral Fellowship program is an important component of our organization's ongoing mission to help alleviate the accounting PhD shortage, a critical issue facing the academic community. We are confident that this year's award recipients will certainly make a meaningful impact as educators of our profession’s future leaders."

The Deloitte Foundation Doctoral Fellowship grants are available to students who are completing their final year of coursework and are in the beginning stages of the dissertation phase of their Ph.D. programs, a time when additional funding is critically needed. The nationally conducted program invites nearly 100 universities to apply for the grants, and those nominated by their school's accounting faculty are among the best and brightest doctoral students.

Each of the 2009 Deloitte Foundation Doctoral Fellows will receive $5,000 during his or her final year of course work and $20,000 during the subsequent year of completing a dissertation.

The 10 recipients were chosen by a selection committee composed of three eminent accounting educators. Professors Jane Kennedy of the University of Washington, Michelle Hanlon of the University of Michigan and, Douglas Skinner of the University of Chicago, comprised this year’s selection committee.

"Over the last two decades, the Deloitte Foundation has had a tremendous impact on advancing accounting Ph.D. students and encouraging them to pursue academic careers. Additionally, as a former grant recipient, I know first-hand how important the funding is to completing the Ph.D. program," said Jane Kennedy, outgoing member of the Faculty Selection Committee. "The academic accounting community truly appreciates Deloitte's longstanding commitment to accounting education. I am proud to have served on the Fellowship selection committee for the last three years."
 
About the Deloitte Foundation"¨

The Deloitte Foundation is a not-for-profit organization that supports teaching, research, and curriculum innovation in aaccounting, business, and related fields within the U.S. The Foundation, founded in 1928, supports an array of national programs, which are relevant to a variety of professional services, and which benefit middle/high school students, undergraduates, graduate students, and faculty.  For more information, please visit the Deloitte Foundation web page at www.deloitte.com/us/df.

About Deloitte"¨

As used in this document, "Deloitte" means Deloitte LLP. Please see www.deloitte.com/about for a detailed description of the legal structure of Deloitte LLP and its subsidiaries.

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