The Holy Spirit of Christ Endowment Fund in Honor of Philip C. Richards was created as a tribute to Philip Richards, whose love for Saginaw and whose unwavering belief in the power of education makes it possible for more Saginaw area children to receive a Catholic education. The purposes of the fund are as follows: Scholarships for Catholic and non-Catholic children who are not financially able to afford a Catholic school education to attend a Saginaw Area Catholic school; to ensure that funds continue to be available should Saginaw Area Catholic Schools be replaced by another Catholic school system.