The Catholic Virginian
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March 24, 2008 | Volume 83, Number 11
 

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New foundation will offer $200,000 in tuition aid

Earlier this year Bishop Francis X. DiLorenzo created the McMahon-Parater Foundation for Education to make financial aid available to all who seek a Catholic Education within the confines of the Catholic Diocese of Richmond.

photo: The McMahon-Parater Foundation will support Catholic education in both diocesan and private schools of the diocese by actively promoting Catholic schools; seeking ongoing philanthropic support, managing gifts, grants, endowments and donations; and distributing those funds with the approval of the Bishop. Among those present at the first meeting were from left to right, Charles McPhillips of Blessed Sacrament, Norfolk; Father Jay Biber, pastor of St. John the Apostle parish, Virginia Beach; Kathleen Burke Barrett of St. Joseph’s Villa, Richmond; Annette Parsons, Office of Catholic Schools; Stephen Reardon of St. Bridget’s, Richmond; Bishop Francis X. DiLorenzo and Thomas Bliley, also of St. Bridget’s.The foundation is named for the late Msgr. John J. McMahon, a priest of the Diocese of Richmond who died in 1982, and Francis J. Parater, a former Richmond seminarian whose cause for sainthood is currently under consideration at the Vatican.

The McMahon-Parater Foundation is separately incorporated and will be governed by a board of directors whose sole purpose is to create endowments to generate funds for tuition assistance and to ensure educational excellence. These tuition grants will be available to students attending all Catholic Schools in the diocese, parish, regional, diocesan and independent Catholic schools.

Since the foundation is just beginning, Bishop DiLorenzo allocated a burse of funds that will make $200,000 of tuition assistance available for the 2008–2009 school year. The Diocesan Finance Office will be responsible for the administration of these grants during this first year.

The current board of directors consists of former congressman Thomas J. Bliley, chairman of the board; Annette Parsons, president; Kathleen Barrett, treasurer; Bishop DiLorenzo, Charles McPhillips, Geline B. Williams and Carolyn Lambert. Legal advisor to the Board is Stephen Reardon.

How To Apply

FACTS Management Company will evaluate the financial aid applications. Applicants can apply online now at www.factstuitionaid.com.

Paper applications will be available at the individual school business offices after April 1. FACTS applications and supporting documents must be received by FACTS by May 1 to be considered for tuition assistance for the 2008–2009 school year.

Interested families must apply for tuition assistance at their individual schools first in order to be eligible for tuition assistance from the McMahon-Parater Foundation for Education.

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