As the need for mentors continues to expand in order to meet organizational and programmatic needs, so does the need for quality mentoring. Although sometimes an immediate need for quantity may foreshadow quality, this should not be the case when utilizing mentoring to achieve goals. Faculty mentor competencies are analyzed to demonstrate the importance and need for competent mentors in formal mentoring programs, specifically those in higher education. Correlation analysis is used to assess the relationship between research-based mentor competencies and Ronald E. McNair Program goals. Findings support the need for mentor competency assessment, usage of competent mentors, additional development of mentor competency models, and further study.