Entering its fifth year, the Parella Motorsports Holdings (PMH) Powering Diversity Scholarship continues to build a more diverse field, while empowering drivers from a variety of backgrounds to participate in PMH-owned race series. With seven series under the PMH banner, drivers are able to utilize the assistance to race in Sportscar Vintage Racing Association (SVRA), the Trans Am Series presented by Pirelli, Formula Regional Americas Championship (FR Americas), Formula 4 United States Championship (F4 U.S.), Ligier JS F4 Series (JS F4), International GT (IGT) or Prototype Sprint Series Association presented by Hankook (PSSA). In addition to providing financial assistance in the way of waived race entry fees or free promoter test days, the program aligns recipients with a team of executives and mentors, while providing them with a variety of media and fan engagement opportunities.

The PMH Powering Diversity Scholarship is open to applicants ages fifteen (15) and up, as of the application due date. Recipients must be able to demonstrate a commitment to diversity, equity, and inclusion, and/or describe how one has overcome obstacles to reach goals. Recipients must have some formal racing experience, which includes having a competition license issued by an accredited racing school. Recipients must have a ride confirmed in a PMH-owned series for 2025, and those competing in the Trans Am Series, FR Americas, F4 U.S. or JS F4 are expected to enter all 2025 events. Scholarship recipients will be responsible for securing any additional funding needed to compete.

Scholarship recipients agree to participate in promotional events and have their photos used for promotional purposes.