QUINCY, Ill. (AP) - Financially challenged Quincy University in western Illinois has received $1 million from an anonymous donor.
The Quincy Herald-Whig reports (https://bit.ly/2iVLTuG ) the gift will go toward operations of the Catholic university of about 1,100 undergrads and graduate students.
The university’s interim chief operating officer, Phil Conover, calls the donation is a significant step forward. The school is undertaking a five-year recovery plan following the revelation in October of a $5 million budget deficit and a faculty no-confidence vote in university President Robert Gervasi.
A financial consultant hired in October is coordinating the recovery. The plan includes a $7 million fundraising campaign, and, in December, the university announced a cutback of 14 non-faculty positions.
Information from: The Quincy Herald-Whig, https://www.whig.com
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