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Ministry > McMahon Parater Foundation

bishop-sullivan1The McMahon Parater Foundation for Education is a non-profit charitable organization, duly organized and authorized under the laws of the State of Virginia and the Internal Revenue code.

Interest income from the endowment is used to support the operational priorities of tuition assistance, academic innovation and support for dedicated teachers.

The Foundation partners with attorneys, CPAs, financial advisors, trust officers and insurance agents to create charitable plans that meet their clients’ financial and philanthropic goals.  These relationships are vital to our mission.

The assets of the McMahon Parater Foundation are owned and managed independently of the assets of the Catholic Diocese of Richmond, and are overseen by the Investment Committee of the Board of Directors of the Foundation.

The Investment Committee of the Board of Directors has developed an investment policy and a spending policy unique to the Foundation and discrete from those of the Diocese of Richmond.

For more information, please contact the Executive Director of the Foundation, Margaret Keightley, at 804-622-5121 or


Diocese of Richmond Scholarships 2016-17
Total distributed $5,521,972
     · Diocese of Richmond $1,772,161
     · McMahon Parater Foundation $513,087
    · Education Improvement Scholarships $1,684,089
Students who applied 2,745
Students receiving aid 2,474
Average Award $1,604.42