# Mount Mercy University > American Catholic liberal arts university **Wikidata**: [Q6922161](https://www.wikidata.org/wiki/Q6922161) **Wikipedia**: [English](https://en.wikipedia.org/wiki/Mount_Mercy_University) **Source**: https://4ort.xyz/entity/mount-mercy-university ## Summary Mount Mercy University is a private, Catholic liberal arts university located in Cedar Rapids, Iowa, founded in 1928. It is known for its undergraduate programs, particularly in business and healthcare, and has an endowment valued at over $35 million as of 2022. ## Key Facts - Founded in 1928 as Mount Mercy College, later renamed Mount Mercy University. - Located in Cedar Rapids, Iowa, with a campus at 1330 Elmhurst Dr NE, 52402-4797. - Affiliated with the Catholic Church, offering a faith-based educational experience. - Enrolls approximately 1,351 full-time equivalent students (as of 2021). - Has an endowment of $35.6 million (as of 2021) and total assets of $97.7 million (as of 2020). - Admission rate is 76%, with an admission yield rate of 25% (as of 2020). - Classified as a "master's colleges and universities: medium programs" by Carnegie Classification. - Member of the Open Education Network and an open-access publisher. - Operates under a private not-for-profit legal structure. ## FAQs ### Q: What type of university is Mount Mercy University? A: Mount Mercy University is a private, Catholic liberal arts university offering undergraduate and graduate programs, with a focus on business and healthcare. ### Q: Where is Mount Mercy University located? A: The university is located in Cedar Rapids, Iowa, at 1330 Elmhurst Dr NE, 52402-4797. ### Q: What is the admission rate at Mount Mercy University? A: The admission rate is 76%, with an admission yield rate of 25% (as of 2020). ### Q: How many students attend Mount Mercy University? A: The university enrolls approximately 1,351 full-time equivalent students (as of 2021). ### Q: What is the endowment value of Mount Mercy University? A: The university's endowment was valued at $35.6 million as of 2021, with total assets of $97.7 million (as of 2020). ## Why It Matters Mount Mercy University plays a significant role in higher education in Iowa, particularly in the Cedar Rapids community. As a Catholic institution, it provides a faith-based educational experience while offering a range of undergraduate and graduate programs. The university's endowment and total assets reflect its financial stability and commitment to academic excellence. With a Carnegie classification of "master's colleges and universities: medium programs," it serves as a key provider of higher education in the region, contributing to both academic and professional development in fields like business and healthcare. ## Notable For - One of the few private Catholic universities in Iowa, offering a distinct religious and academic environment. - Strong focus on business and healthcare programs, aligning with regional economic needs. - Membership in the Open Education Network, promoting open-access publishing. - Competitive admission rates and yield, indicating a selective but accessible admissions process. - Financial stability, with an endowment exceeding $35 million, supporting academic and operational growth. ## Body ### Founding and History Mount Mercy University was established in 1928 as Mount Mercy College, later renamed to reflect its university status. The institution has evolved into a comprehensive liberal arts university while maintaining its Catholic identity. ### Location and Campus The university is situated in Cedar Rapids, Iowa, at 1330 Elmhurst Dr NE, 52402-4797. The campus provides a residential and academic environment for students. ### Academic Programs Mount Mercy University offers undergraduate and graduate programs, with a strong emphasis on business and healthcare. It is classified as a "master's colleges and universities: medium programs" by Carnegie Classification, indicating a balanced approach to academic offerings. ### Student Enrollment As of 2021, the university enrolls approximately 1,351 full-time equivalent students, reflecting its role as a mid-sized institution in the region. ### Financial Information The university's endowment was valued at $35.6 million as of 2021, with total assets of $97.7 million (as of 2020). This financial strength supports academic programs and institutional operations. ### Admissions Mount Mercy University has an admission rate of 76% and an admission yield rate of 25% (as of 2020), indicating a selective but accessible admissions process. ### Affiliations and Memberships The university is a member of the Open Education Network and operates as an open-access publisher, aligning with modern educational trends. ### Legal and Operational Structure Mount Mercy University operates under a private not-for-profit legal structure, ensuring its independence and focus on academic excellence. ## References 1. Directory of Open Access Journals 2. Integrated Postsecondary Education Data System 3. GRID Release 2017-01-10 4. [Source](https://web.archive.org/web/20240202185017/https://open.umn.edu/oen/members) 5. Google Knowledge Graph 6. Global LEI Index 7. GeoNames 8. Freebase Data Dumps 9. [Source](http://www.mtmercy.edu) 10. [U.S. and Canadian 2022 NTSE Participating Institutions Listed by Fiscal Year 2022 Endowment Market Value, Change in Market Value from FY21 to FY22, and FY22 Endowment Market Values Per Full-time Equivalent Student (Excel). National Association of College and University Business Officers. 2023](https://www.nacubo.org/Research/2022/Public-NTSE-Tables) 11. GRID Release 2015-12-14 12. GRID Release 2016-12-06 13. Carnegie Classification of Institutions of Higher Education 14. Quora 15. Aligned ISNI and Ringgold identifiers for institutions 16. [Source](https://www.mtmercy.edu/) 17. Microsoft Academic Knowledge Graph 18. [U.S. and Canadian 2022 NTSE Participating Institutions Listed by Fiscal Year 2022 Endowment Market Value, Change in Market Value from FY21 to FY22, and FY22 Endowment Market Values Per Full-time Equivalent Student (Excel). 2023](https://www.nacubo.org/Research/2022/Public-NTSE-Tables) 19. [OpenAlex](https://docs.openalex.org/download-snapshot/snapshot-data-format)