How much funding does Education Improvement Scholarships Tax Credits (EISTC) provide?

Education Improvement Scholarships Tax Credits (EISTC) provides Average $4,000 in funding.

When is the deadline for Education Improvement Scholarships Tax Credits (EISTC)?

The funder has not published a deadline for this grant.

Who is eligible for Education Improvement Scholarships Tax Credits (EISTC)?

Eligible applicants: Low- and middle-income students; Students attending Catholic schools in the Diocese of Richmond.

Education Improvement Scholarships Tax Credits (EISTC)

Q: How often is Education Improvement Scholarships Tax Credits (EISTC) offered?

Education Improvement Scholarships Tax Credits (EISTC) runs on an annual cycle.

McMahon-Parater Scholarship Foundation

Foundation Annual Grants for Education

Funding Amount

Average $4,000

Deadline

Deadline not published

Grant Type

Foundation

Deadline history & next window

Cycle: Annual
Tracked since: April 2026

Source: the cycle recorded on this listing. Confirm dates with the funder.

Can we apply?

Check your organization against each line. Taken from the listing; confirm with the funder's guidelines.

Eligible organizations

Low- and middle-income students
Students attending Catholic schools in the Diocese of Richmond

Overview

Funder: McMahon Parater Scholarship Foundation, Catholic Diocese of Richmond

Program Status: Active (12+ years in operation as of 2026)

Geographic Scope: Diocese of Richmond, Virginia

Purpose: Provide scholarships for low- and middle-income students to attend Catholic schools in the Diocese of Richmond, enabling access to high-quality, faith-based education.

Key Facts:

Nearly $60M in scholarships provided to date
Over 5,000 students helped to date
Average scholarship awarded: $4,000
Donors receive federal and Virginia tax credits offsetting most donation costs

Focus Areas:

Catholic school tuition assistance
Students from low- and middle-income families
Academic, emotional, and spiritual formation

Eligibility:

Low- and middle-income students
Students attending Catholic schools in the Diocese of Richmond

Contact Information:

Phone: 804-359-5661
Address: 7800 Carousel Lane, Richmond, VA 23294
Website: mcmahonparater.org

How It Works:

Donors contribute to the scholarship fund
Donors receive tax credits on federal and Virginia taxes
Students receive scholarships for Catholic school tuition

What McMahon-Parater Scholarship Foundation actually gave

Source: IRS Form 990, 2021 — the most recent filing with itemized grants

McMahon-Parater Scholarship Foundation reported $9,000 in grants for 2025 as a total without an itemized list; the grant details below are from 2021, its most recent itemized filing.

Grants in 2021: 1
Total given: $20K
Median grant: $20K