McMahon-Parater Scholarship Foundation logo

McMahon-Parater Scholarship Foundation

Public charity · Grantmaker Richmond, VA EIN: 26-1830477 Website

To provide financial assistance to the catholic schools within the geographical confines of the roman catholic diocese of richmond.

McMahon-Parater Scholarship Foundation at a glance

In short: McMahon-Parater Scholarship Foundation reported $9K in grants paid in 2025 (a total; its filing lists no individual grants). Source: 2025 IRS Form 990.

Grants paid (2025)
$9,000 — reported as a total on the IRS filing, without an itemized list
-25.2% vs 2024
Total assets
$5,151,301
-17.5% vs 2024
Revenue (2025)
$5,773,290
-4.9% vs 2024
Net investment income (2025)
$269,157
-23.2% vs 2024
Expenses (2025)
$6,629,652
-36.7% vs 2024
Latest 990 filing
Form 990, 2025 View filing

Data from IRS Form 990, 2025; updated September 2026.

How to apply to McMahon-Parater Scholarship Foundation

Who McMahon-Parater Scholarship Foundation funds

How this funder distributes its grants

Grant Size Distribution

1 grant across all recorded years

1<$50K$50–100K$100–250K$250–500K$500K–1M$1–5M$5M+

The most common grant size was under $50K: 1 grant of 1 (100%).

Geographic Focus

Where this funder awards grants

Grant Distribution by State

1state

States

Cities

Richmond

Giving History

Giving Over Time

Total grant dollars and number of grants per year

$0$5K$10K$15K$20K0 grants2019 1 grant2020 1 grant2021 Total only2022 Total only2023 Total only2024 Total only2025

From 2020 to 2025, annual grant giving ranged from $9K (2025) to $20K (2021). In 2025 it reported $9K in grants paid, as a total without an itemized list.

Hatched bars: grants paid as reported on the IRS filing, which lists no individual grants for that year.

Grants by year

Grant recipients and amounts by year

RecipientPurposeAmount
1 individual scholarship Recipients not named —$19,943
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Financial History

Multi-year comparison from IRS filings

Figures from IRS filings, by filing year
Filing yearTotal AssetsRevenueExpensesGrants paidGrantsNet Investment Income
2025$5,151,301$5,773,290$6,629,652$9,000Total only$269,157
2024$6,240,539$6,073,594$10,475,116$12,037Total only$350,654
2023$10,612,071$15,894,920$11,000,815$14,505Total only$176,152
2022$5,471,128$7,331,353$5,673,391$17,475Total only$32,190
2021$3,836,574$5,710,475$4,611,836$19,9431$19,446
2020$2,765,631$4,404,749$5,531,128$10,7751$64,931
2019$4,288,639$5,299,246$6,008,869——$32,336

"Total only": grants paid as reported on the IRS filing, which lists no individual grants for that year.

About McMahon-Parater Scholarship Foundation

Based on IRS filings

McMahon-Parater Scholarship Foundation is a public charity focused on religion, based in Richmond, VA. IRS filing data is available from 2019 through 2025. As of 2025, the organization holds $5.2M in total assets. In 2025, it reported $9K in grants paid as a total on its IRS filing, without an itemized list. Net investment income was $269K.

Focus Areas

Leadership & Key People

Officers and directors from IRS filings

McMahon-Parater Scholarship Foundation is led by Margaret Keightley, Executive Director on every filing since 2019; none of the 14 officers listed in 2025 report compensation.

Officers on the 2025 filing

  • Margaret Keightley

    Executive Director

    On filings since 2019

    5 hrs/week

    No compensation reported

  • Michael Riley

    President

    On filings since 2024

    5 hrs/week

    No compensation reported

  • Bruce C. Holbrook

    Chairman

    On filings since 2019

    5 hrs/week

    No compensation reported

  • Edward T. Blair

    Board Member

    Director → Board Member, 2025

    On filings since 2019

    2 hrs/week

    No compensation reported

  • Kathleen B. Barrett

    Treasurer

    On filings since 2019

    2 hrs/week

    No compensation reported

  • Michael McGeee

    Cheif Financial Officer

    Chief Financial Officer → Cheif Financial Officer, 2025

    On filings since 2019

    5 hrs/week

    No compensation reported

  • Robert E. Martinez

    Board Member

    Director → Board Member, 2025

    On filings since 2019

    2 hrs/week

    No compensation reported

  • Stephanie F. Stumpf

    Board Member

    Director → Board Member, 2025

    On filings since 2019

    2 hrs/week

    No compensation reported

  • Stephen Reardon

    Board Member

    Director → Board Member, 2025

    On filings since 2019

    2 hrs/week

    No compensation reported

  • Walter J. Malone

    Board Member

    Director → Board Member, 2025

    On filings since 2019

    2 hrs/week

    No compensation reported

  • J. Stephen Lindsey

    Board Member

    Director → Board Member, 2025

    On filings since 2024

    2 hrs/week

    No compensation reported

  • Jennifer Bigelow

    Former President

    On filings since 2024

    5 hrs/week

    No compensation reported

  • Thomas Strassburg

    Board Member

    Director → Board Member, 2025

    On filings since 2024

    2 hrs/week

    No compensation reported

  • Bishop Knestout

    Sole Member

    New on the 2025 filing

    2 hrs/week

    No compensation reported

Former officers (7)
  • Former: Barry C. Knestout (2019–2024) — Sole Member
  • Former: Kelly Lazzara (2019–2024) — Former President
  • Former: Geline B. Williams (2019–2023) — Director
  • Former: Tom Strassburg (2019–2023) — Director
  • Former: Virginia Marchetti (2021–2023) — Director
  • Former: Jeffrey Haley (2019) — Director
  • Former: Ray Honeycutt (2019) — Former President

Data from IRS Form 990 filings, 2019–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.

Frequently asked questions about McMahon-Parater Scholarship Foundation

How much does McMahon-Parater Scholarship Foundation give each year?

McMahon-Parater Scholarship Foundation reported $9K in grants paid in 2025 on its 2025 IRS Form 990, as a total without an itemized list of grants. In 2024 it reported $12K in grants paid.

How large is McMahon-Parater Scholarship Foundation?

McMahon-Parater Scholarship Foundation reported $5.2M in total assets on its 2025 IRS Form 990. Its revenue that year was $5.8M.

What is McMahon-Parater Scholarship Foundation?

McMahon-Parater Scholarship Foundation is a public charity focused on religion, based in Richmond, VA. It holds $5.2M in total assets as of 2025.

Where does McMahon-Parater Scholarship Foundation operate?

McMahon-Parater Scholarship Foundation has awarded grants in Virginia.

What is McMahon-Parater Scholarship Foundation's EIN?

McMahon-Parater Scholarship Foundation's EIN (Employer Identification Number) is 26-1830477. IRS Form 990 filing data is available on this page for 2019–2025.

Data last updated September 2026. Sourced from IRS Form 990 filings.

Data update history

(8)

When this profile's IRS filing data changed on Grantable

  1. Added Form 990 for fiscal year 2019 (received by the IRS February 11, 2020)
  2. Updated Form 990 for fiscal year 2020 (received by the IRS December 24, 2020)
  3. Updated Form 990 for fiscal year 2021 (received by the IRS March 4, 2022)
  4. Updated Form 990 for fiscal year 2022 (received by the IRS November 18, 2022)
  5. Updated Form 990 for fiscal year 2023 (received by the IRS November 9, 2023)
  6. Updated Form 990 for fiscal year 2024 (received by the IRS November 11, 2024)
  7. Updated Form 990 for fiscal year 2025 (received by the IRS November 10, 2025)
  8. IRS filings on file for fiscal years 2020–2025

Live grants for the work McMahon-Parater Scholarship Foundation funds

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The filing figures on this page are open data under CC BY 4.0. About GrantGraph Open

Figures come from McMahon-Parater Scholarship Foundation's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.

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