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

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
  • Focus Areas & Funding Uses

    Fields of Work

    education

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