William and Mary team wins first place in National Deloitte Tax Case Challenge

Deloitte TeamWILLIAMSBURG, VA -- (Nov. 25, 2008) The Undergraduate team from the College of William and Mary brought home an unprecedented tenth first place win in the National Tax Case Challenge. The competition, sponsored by the Deloitte Foundation, was held Nov. 21-23 in Orlando, Fla.

The W&M Undergraduate team has participated in the Tax Case Challenge for 15 years -- eight  times when the competition was hosted by Arthur Andersen.  With this tenth first-place win, the Undergraduate team surpasses all the other teams in first-place victories.

The Graduate team received an Honorable Mention. The Graduate Team began participating ten years ago and has qualified for the National Competition eight times. To date, the Graduate team has won the competition twice and Honorable Mention six times.

Deloitte has run the competition for the past seven years.

For the competition, student teams had to complete a complex theoretical case study that required them to analyze information, identify data issues and consider alternative tax treatments for a fictitious client situation – all in just five hours. Teams prepared a written solution to their cases and submitted them to a panel of judges for evaluation.

Joseph Allen, Ryan Forester, Donald Holzinger and Grant Van Kirk were on the Undergraduate team; Mary Altum, John Barlow, KerriAnne Quimby and Vanessa Rowan were on the Graduate team.

By winning first place, the Undergraduate team earned a $10,000 award for the College of William & Mary and a $2,000 scholarship for each team member.

The Graduate team received a national finalist award for competing in the final round of the competition. Team members each received $500, and $2,500 was awarded to W&M.

Lawrence Pulley, Dean of the Mason School of Business, said, “Once again, they have made us very proud, indeed, and have brought well-deserved public recognition to our students, faculty, and programs.”

About the Deloitte Foundation

The Deloitte Foundation is a not-for-profit organization that supports teaching, research, and curriculum innovation in accounting, 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.