Endowments

Permanent endowments assure a constant source of funding, both today and in the future. Growing Mount Mercy's endowment is part of the University's strategic plan.

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.

Endowment Opportunities

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
Professorship $250,000 minimum
Lecture Series $100,000 minimum
Scholarship $20,000 minimum
Other endowed fund designation $20,000 minimum

 


To learn more about the establishing an endowment at Mount Mercy, please contact:

Duff RidgewayDuff Ridgeway
Vice President for Development & Alumni Relations
319-286-4406
dridgeway@mtmercy.edu