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Ministry > McMahon Parater Foundation

bishop-sullivan1The McMahon Parater Scholarship Foundation 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 CPAs and  financial advisors to keep them informed about Virginia’s tax credit program, the Education Improvement Scholarship Tax Credit (EISTC) program  that meetd their clients’ financial and philanthropic goals.  These relationships are vital to our mission.

The assets of the McMahon Parater Scholarship Foundation are owned and managed independently of the assets of the Catholic Diocese of Richmond.

For more information, please contact the  Director of the McMahon Parater Scholarship Foundation, Joyce Schreiber, at 804-622-5190 or jschreiber@@richmonddiocese.org.

 

impact

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