James and Jennifer Newman establish endowed accounting scholarship at UM – Shelby County Reporter


MONTEVALLO – The University of Montevallo announced the creation of the James and Jennifer Newman Endowed Accounting Fellowship at the Michael E. Stephens College of Business, made possible by a generous donation from the Newman family.

The scholarship will be awarded to a student pursuing a degree in accounting, preferably to a student who is the first in their family to attend university.

James Newman graduated from the University of Montevallo in 1974 with a degree in accounting. After a prestigious career in accounting, James retired as a partner at PricewaterhouseCoopers, and Jennifer was officially Managing Director of Morgan Keegan and Company, Inc. James has served on the Advisory Board of Stephens College of Business since 1985.

Today, James and Jennifer Newman reside in Jacksonville, Florida with their poodle, Beau.

Asked about the relationship between the Newman family and the University of Montevallo, Scott Dillard, vice president of advancement and external affairs, said, “The Newman family has supported the University for many years. We are very happy with this gift and what it means to our students.

The James and Jennifer Newman Scholarship will be awarded annually to an accounting student with a junior or senior status or a fifth year student and typically to the University of Montevallo.

Preference will be given to a first generation student with demonstrated financial need for a scholarship.

If a major in Accounting is not identified, funds will be provided to a qualified student of 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 can reapply for the scholarship to be renewed.

In appreciation of Newman’s generosity, the University of Montevallo renames its accounting department The James and Jennifer Newman Accounting Program.

Visit Montevallo.edu/scholarships to learn more and apply for the scholarship today.

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