Endowments: How We Stack Up

Dear Editor,

On April 17th, Carol Phelan-March, C’81, sent an inspiring message to Mount alums describing the help she received from fellow Mounties on her way to becoming a pioneering executive with E*TRADE. She also recounted the spiritual blessings delivered through Fr. Stefan Starzinski, a graduate of the Mount Seminary, when her daughter was diagnosed and subsequently recovered from a battle with bone cancer.

It reminded me that the Mount is no ordinary university. From its iconic campus, to its notable liberal arts curriculum, to the presence of the future leaders of the Church that walk among us, the Mount is like no other college in the US.

When it comes to measurable statistics, like jobs after graduation, graduation rate and student retention, the Mount compares favorably to peer institutions, like Towson, Hood, Catholic University and Salisbury. But there is an area in which the Mount has struggled. Endowment, meaning the dollars gifted to the university that generate recurring income, lags far behind regional competitors:

$487M – Dickinson College

$300M – Gettysburg College

$210M – Loyola of MD

$80M – Hood College

$49M – Mount St. Mary’s 

These numbers should raise concern. Endowment touches every aspect of campus life. From increased scholarship opportunities for students, to improved student life, to enhanced freshman student retention efforts, a robust endowment is critical.

Mounties are competitive people. Carol Phelan-March challenged us to rally around the Mount and give generously. It’s important that we take her challenge seriously. The Mount needs its alumni and students, its parents and friends, to seize the moment and help make us as competitive in the area of endowment as we are in other every other aspect of university life.

Enthusiastically in Mount St. Mary’s,

John Singleton ’86 MBA ‘87

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