Mount Mercy University today announced that alumnae Mary LoVerde and Pat Marschel have established an endowed scholarship in honor of their mothers.
The Lou Schulte-Lois Corkery Endowed Scholarship (Title III) is designed to provide funding for scholarships for worthy and deserving students whose major is nursing, with preference given to students from Mediapolis High School in Mediapolis, Iowa, or Don Bosco High School in Gilbertville, Iowa.
Both LoVerde and Marschel are 1975 graduates in nursing from Mount Mercy College. LoVerde, who now resides in Aurora, Colorado, is a native of Mediapolis, Iowa, and an internationally recognized expert in life balance strategies and has authored three best-selling books on the topic. A native of Jesup, Iowa, Marschel is in quality and risk management with Allina Health System and lives in Buffalo, Minnesota.
Lou Schulte, LoVerde’s mother, is a resident of Mediapolis, Iowa. Pat Marschel’s mother, Lois Corkery, is deceased.
“We are honored that Mary and Pat have chosen to create a meaningful legacy by investing in Mount Mercy students and the faith-inspired education they receive on the Hill,” says Mount Mercy University President Christopher Blake. “By making a college education more affordable, this scholarship will create opportunities for students interested in pursuing the study of nursing to attend Mount Mercy and achieve a level of academic success wrapped around Mercy values of service to the common good.”
The endowed scholarship was established in conjunction with a $1.8 million Title III Strengthening Institutions federal grant awarded to Mount Mercy in 2005. Approximately one-sixth of the grant was dedicated to building the University’s endowment by providing one-to-one matching funds for new endowments like this scholarship. Unlike annual contributions, endowed funds are invested to provide steady amounts of spendable income over time.
Mount Mercy currently awards scholarships from 175 endowed funds established by donors. For many students, these scholarships open the door to a Mercy education.