Catholic Diocese of Richmond

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Ministry > McMahon Parater Scholarship 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.

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 meets 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



Diocese of Richmond Tuition Assistance 2020-21
Total distributed $5,844,543
     · Diocese of Richmond $1,580,672
     · McMahon Parater Endowments / CCF $692,698
    · Education Improvement Scholarships $3,571,174
Students who applied 3,830
Students receiving aid 2,299
Average Award $2,542