RICHMOND, Va. – The Mary Morton Parsons Foundation has approved a two-to-one challenge grant of $300,000 to Union Presbyterian Seminary for The Syngman Rhee Global Mission Center for Christian Education. The Parsons Foundation approved the challenge grant to help Union bring in the last half of the funds needed to complete the project. In addition, the Richard S. Reynolds Foundation has approved a $100,000 grant that will help Union meet the Parsons Foundation challenge.
The Mary Morton Parsons Foundation was founded in 1988 by Mrs. Mary Morton Parsons as a private, non-operating foundation to support the capital needs of charitable organizations. Typically, the foundation supports capital projects, mostly on a challenge or matching basis to help organizations leverage additional funding. It has supported capital campaigns for Union Presbyterian Seminary, the Virginia Museum of Fine Arts, and Virginia Commonwealth University’s schools of business and engineering and Massey Cancer Center to name a few.
Julia Louise Reynolds established the Richard S. Reynolds Foundation shortly after her husband’s death in 1955. The foundation was created to honor his accomplishments and continue the vision that R.S. and Louise shared for future generations. Since its inception the foundation has provided over $44 million in grants to community and worldwide organizations, supporting a broad range of causes such as education, the arts, health, science, history, the environment and those in need.
by Union Presbyterian Seminary staff