A Million Thanks

BY CHERYL ROSEN

Its not every day that a CPA donates $1 million to his alma materespecially when thats Cal State Northridge. But its precisely the schools less-than-Ivy-League cachet that made Harvey Bookstein feel his gift would be truly appreciated. The cofounder of Los Angeles accounting firm RBZ LLP says the money will help pay for top-quality professors and fund scholarships for accounting students.

The only child of two tax preparers who arrived in California with $100 and an old car, Bookstein began helping out in the family firm at the age of seven. I was the class nerd and hated high school, he says, but my parents insisted I get the college degree and CPA certification they always regretted not having. Im very grateful to Northridge for my opportunity and my career.

Today Bookstein is a therapeutic accountant who specializes in financial issues involving children, divorce and passing down family businesses from one generation to the next. I try to get sons to respect their fathers years of knowledge and fathers to respect sons technology know-how, he says. Together theyre much more successful than they would be apart.

About his seven-figure giftthe largest in Northridge historyBookstein says, Im not wealthy, but Ive certainly made more money than I ever thought I would and I want to enjoy the fruits of my efforts while Im still alive.

SPONSORED REPORT

Cybersecurity threats proliferating for midsize and smaller businesses

This report details how SMBs can properly protect private information from breaches, design and implement a cybersecurity policy, and create safeguards for training and education.

QUIZ

News quiz: Senate health care bill in the spotlight

Reports related to the Republican bill to repeal many provisions of the PPACA, other tax issues, and the giant AICPA ENGAGE Conference offered a diverse reading list for June. See how much you know about recent news with this short quiz.