KPMG funds first endowed professorship at the university within the NIU College of Business.
The excellence of the Northern Illinois University College of Business and its Department of Accountancy has been recognized with the creation of the university's first-ever endowed professorship. Endowed professorships are the most prestigious faculty honor and support into perpetuity the outstanding excellence of specific university programs. Endowed professorships assist the institution in recruiting and supporting the best teacher-scholars in the country and, indeed, the world. On September 28, 2009, the college announced the creation of the KPMG Endowed Professorship in Accountancy. The first NIU faculty member to hold the title of KPMG Endowed Professor is Pam Smith, who joined the faculty of the NIU Department of Accountancy in 1994.
The endowed professorship exemplifies a bond between KPMG and NIU's business college that has been cultivated for more than three decades. KPMG has long provided generous financial support for the NIU Department of Accountancy, including sponsorship of named professorships, creation of scholarships and the naming of the Department of Accountancy suite. The firm also is one of the charter members of the department's Board of Advisors, offering advice and insight to ensure that NIU accounting graduates are up to date on the quickly evolving demands of the public accounting industry. Executives from the firm also give generously of their time to lecture in classes, attend Meet the Firm nights and participate in other activities at NIU. The firm also recruits a large number of NIU accountancy students each year to participate in their national internship program and as of fall 2009, employs 78 NIU graduates fulltime. Among those graduates, ten are currently partners in the firm and each has pledged their support to the named professorship. KPMG LLP, the audit, tax and advisory firm (www.us.kpmg.com), is the U.S. member firm of KPMG International. KPMG International's member firms have 137,000 professionals, including more than 7,600 partners, in 144 countries.