- Associated Press - Tuesday, January 10, 2017

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


Copyright © 2018 The Washington Times, LLC.

The Washington Times Comment Policy

The Washington Times welcomes your comments on Spot.im, our third-party provider. Please read our Comment Policy before commenting.

 

Click to Read More and View Comments

Click to Hide