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QU gets $1 million donation

QU gets $1 million donation

2 years, 10 months ago by Scott Hardy

Gift recently made by anonymous donor

Quincy University says it's gotten a major donation from an anonymous donor.

In a statement Monday, the University says it recently received a $1 million donation, which has helped it "make significant progress towards its $7 million financial recovery fundraising campaign". The campaign is nearly 30% toward its five-year goal in just three months. University president Doctor Robert Gervasi said "This seven- figure investment shows there is confidence and commitment from the Quincy community for the future of this wonderful asset." The announcement of the donation comes in the wake of recent layoffs made by the University, after acknowledging a $5 million deficit.

The University says it's leadership has been working on a five-year financial recovery plan that includes "permanent expense reductions while focusing on growing enrollment and increasing net tuition revenue enrollment growth".

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