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Mercer University Endowment
Mercer University was founded in 1833. William D. Underwood led the institution as president from 2006 until 2025. The endowment reached $502 million by 2021.
Mercer University Endowment
Mercer University was founded in 1833. William D. Underwood led the institution as president from 2006 until 2025. The endowment reached $502 million by 2021. The endowment owns multiple properties in Macon and Atlanta through The Corporation of Mercer University. Holdings include the main campus, Cecil B. Day Graduate and Professional Campus, Mercer Village, and the Grand Opera House. It also maintains positions in public equities through the Student-Managed Investment Fund and limited partnership interests in venture vehicles via the Georgia Research Alliance. The university employs over 2,000 staff across its Georgia locations. Adjacent vehicles include the Mercer Athletic Foundation and Mercer University Foundation. A board of trustees meeting in November 2025 addressed endowment matters. The endowment operates under university governance with oversight from the Board of Trustees chaired by Cathy Callaway Adams. Direct ownership of operating real estate and cultural assets distinguishes its structure from typical financial endowments.
General information
Firm type
Endowment / Foundation
Year founded
1833
Location
Region
North America
Country
United States
City
Macon
Corporate office
1501 Mercer University Drive, Macon, Georgia, United States
Principals
Cathy Callaway Adams
Chair of the Board of Trustees
William D. Underwood
Former President
Sector focus
Frequently asked questions
Who oversees investment decisions at Mercer University Endowment?
The Board of Trustees holds oversight. Cathy Callaway Adams serves as chair. Day-to-day management details are not publicly disclosed.
What asset classes does the endowment hold?
Direct real estate, public equities via the student-managed fund, and venture capital interests through the Georgia Research Alliance.
Does the endowment make direct investments in companies?
It holds ownership in MidCountry Financial Corp. and limited partnership stakes in venture vehicles.
Where does the endowment maintain properties?
Properties are concentrated in Macon and Atlanta, Georgia.
How large is the student-managed investment fund?
The fund holds approximately $1 million in listed equities.
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