Today Mount Mercy is blessed with more than 180 endowed funds — designated by donors for scholarships and other purposes — and our endowment value at the end of Fiscal Year 2013 stood at $24.1 million.
The vast majority of our endowed funds are scholarships, which are awarded every year to students who meet the qualifications provided by the donor. Some scholarships are designated for students with certain majors; others designate preferred geographic locations. But the vast majority are awarded to "worthy and deserving students."
Other endowed funds provide funding for specific curriculum, on-campus programs like Enactus, annual lectures, new technology and facilities like Basile Hall or the Grotto reflecting pool.
Your endowment can support what matters most to you, both now and for generations to come.
Only a portion of an endowment's earnings are used every year for the cause determined by the donor, so the minimum requirements to establish an endowed fund involve the following levels of funding.
|Faculty Chair||$500,000 minimum|
|Lecture Series||$100,000 minimum|
|Other endowed fund designation||$20,000 minimum|
Vice President for Development & Alumni Relations