QUINCY — Quincy University has made significant progress toward its $7 million financial recovery fundraising campaign with the announcement of a $1 million investment from an anonymous donor. The campaign is nearly 30 percent to its five-year goal in just three months.
“We are excited about the progress made in such a short amount of time,” said Dr. Robert Gervasi, president. “This seven-figure investment shows there is confidence and commitment from the Quincy community for the future of this wonderful asset.”
“Alumni and other donors believe in Quincy University and want to see it prosper,” said Julie Bell, vice president for University Advancement. “We have been Quincy’s university for the past 157 years and we intend to remain a vibrant part of this community for many more years.”
Quincy University 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. In addition, a major component of the plan includes the $7 million turnaround fundraising campaign that has been well received by university donors.