McMahon-Parater Scholarship Foundation logo

Education Improvement Scholarships Tax Credits (EISTC)

McMahon-Parater Scholarship Foundation

Foundation Annual Grants for Education

Funding Amount

Average $4,000

Deadline

Rolling / Open

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

Education Improvement Scholarships Tax Credits (EISTC)

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 filing, 2021 — the most recent filing with itemized grants

    Grants in 2021
    1
    Total given
    $20K
    Median grant
    $20K
    • By dollars: Virginia 100%. Top recipient cities: Richmond, VA.

    Example grants

    • Cristo Rey Richmond High School · Richmond, VA

      Tuition assistance

      $20K

    IRS Form 990 filing, 2021. Amounts as reported by the funder. Full 990 history →

    Focus Areas & Funding Uses

    Fields of Work

    education

    Categories

    Browse similar grants by category

    Related Grants

    Open grants from this funder and similar programs

    Your AI grants department

    Ready to apply for Education Improvement Scholarships Tax Credits (EISTC)?

    Grantable helps you assess fit, draft narratives, and track deadlines — so you can submit stronger applications, faster.

    You found Education Improvement Scholarships Tax Credits (EISTC). Now let's win it.

    Start writing