RSM US LLP FY23
Impact Report

2022 Featured Impact

Boys and Girls Clubs of America Workforce Readiness Program

In 2022, we expanded our reach with the Boys and Girls Clubs of America by working with seven clubs to offer 14 events across the United States to deliver the Workforce Readiness Program. More than 100 RSM volunteers led career fairs, job search training sessions, interview do’s and don’ts workshops and sessions on financial literacy. A key takeaway from teen participants is the importance of being surrounded by supportive mentors to help encourage their development and success in their future careers.

“RSM volunteers have helped spark my interest in accounting. They were so nice and explained what being an accountant entails. I really enjoyed having them at the club. ”

– Shyanna may, Club Member

Junior Achievement Take Stock in Your Future

Recognizing that generational wealth and the ability to build wealth does not reflect a level playing field, RSM and Junior Achievement USA worked together to create an immersive stock market experience for youth from various socioeconomic backgrounds. From 2019-22, RSM invested time and more than $2.3 million toward the creation of the JA Take Stock in Your Future program that features classroom curriculum and a live JA Stock Market Challenge simulation. The JA Take Stock in Your Future curriculum was taught to more than 10,000 students in 419 classrooms across the U.S. during the 2021-22 school year. In fall 2022, it was honored with a gold award from the International E-Learning Association for best use of technology in a blended learning experience.

Much of RSM’s investment went toward the JA Stock Market Challenge simulation where RSM Principal Bill Kracunas and other RSM professionals consulted with JA USA through the discovery, prototyping and development phases to provide best practice guidance to ultimately launch an innovative, exciting, easy-to- implement and scalable competition experience for students and educators. In fall 2022, the simulation was piloted across eight JA chapters and will become more broadly available in 2023.

Power of Love

It was a record-setting year for our Power of Love program which amplifies the fundraising and volunteer efforts of our people in the areas where they live and work. More than $6.7 million was donated to local charities focused on creating stable environments for youth across the United States, Canada and India, and 4,000 RSM employees, friends and family members volunteered an amazing 19,500 hours in their local communities. Our employees in India generated our biggest volunteer grant to date, with more than 5,000 volunteer hours resulting in a grant of $79,750 to a local charity focused on educational equity and celebrating diversity.

“The desire to make a difference in the communities where we live and work is universal and something that unites us as a firm,” said Prasad Balakrishnan, RSM principal. “It was impressive to see such an overwhelming response from our volunteers. I thank them for their commitment and contribution and most importantly their zeal in enhancing the quality of education and creating an impact in our communities.”

At a Power of Love event, RSM volunteers painted murals at a Minneapolis elementary school.
At a Power of Love event, RSM volunteers painted murals at a Minneapolis elementary school.

Community Impact Fund

To amplify the various stewardship activities happening across the firm, the RSM US Foundation expanded its programming in 2022 with the launch of the Community Impact Fund. The program offers application-based grants and fundraising matches to mission-aligned charities that our employees and partners are passionate about. In October 2022, RSM Associate Mark Trejo from Naples, Florida, reached out to the RSM US Foundation hoping the foundation could amplify his efforts to make a greater impact in his community that was recently damaged by Hurricane Ian. RSM has offices throughout the Southeast region of the United States, and Hurricane Ian had a devastating impact on the communities where many of our people live and work. “I spent the weekend volunteering and saw firsthand the immense need for assistance from volunteering to supplies,” said Mark. “I’ve been notifying the South Florida offices about volunteering opportunities and have organized an essential items drive to get supplies to local organizations/charities.” All told, Mark collected more than $8,000 worth of supplies for people in need and the RSM US Foundation amplified his efforts with a matching grant to the Community Cooperative in Fort Myers, Florida. The foundation’s grant funds were designated to the charity’s childhood nutrition programs that provide emergency food to hungry children in their community.

Mark Trejo, Community Cooperative
The RSM US Foundation provided a donation to support Mark Trejo’s community recovery efforts following Hurricane Ian.

Humanitarian aid to Ukraine

RSM and our people showed their unity with and support of Ukraine in March 2022 by donating $201,000 toward relief efforts to help those threatened by the humanitarian crisis. Recipient organizations included the American Red Cross, Canadian Red Cross and the United Nations Foundation with funds designated for the Ukraine crisis.

This giving aligns with RSM’s recent commitment to the UN Global Compact, a call to organizations around the world to align their strategies and operations with Ten Universal Principals related to human rights, labor, environment and anti-corruption.

Disaster Relief Fund

RSM is committed to supporting our employees and communities when affected by disasters. Through the Disaster Relief Fund, employees in affected communities may apply for support with unexpected out-of-pocket costs to ultimately aid in their recovery.

“We are beyond grateful for the love, support and care shown to us by RSM on a local and national level during this tough time, and throughout my seven-year career. This support is extremely helpful in getting back on our feet after the past few months. Please extend our deepest gratitude to the board; thank you for all your assistance during this process. ”

– RSM employee impacted by Hurricane Ian

Scholarships

Meet Kadeisha Davis, RSM First Generation Scholarship recipient

School: Howard University

Pursing major: Business management

Graduation date: May 2025

“The RSM First Generation Scholarship has allowed me to pursue higher education by eliminating the financial and social barriers that most first-generation students face. After graduating with a 3.92 GPA, I was determined to attend a prestigious university with an outstanding business program. When I committed to Howard University, I took a leap of faith, unsure if I would be able to return for the next school year due to financial challenges and little support. I would spend hours on school nights critiquing essays and searching for external scholarships to afford my education. When I received my congratulatory phone call, it changed the future of my studies as an undergrad forever. After being fortunate enough to be selected as an RSM First Generation Scholarship recipient, I was able to afford the remainder of my entire undergraduate balance! I no longer faced the burden of dropping out of college or transferring from my beloved institution.”

– Kadeisha Davis, RSM First Generation Scholarship recipient

Learn more about our scholarships in both the United States and Canada.

About the Report

Report Sections

Our culture is a powerful competitive advantage
RSM double downs on commitment to sustainability
Helping our clients and people navigate current challenges while looking to the future
Expanding the impact of diversity and inclusion
Acting as trusted stewards of our communities
A clear focus on environmental sustainability
Portrait of Ty Beasley RSM