Monday, 27 September 2021 13:39

QU receives transformational $6.5 million gift, renames its school of business

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QUINCY — Members of the Oakley family, for generations one of the most prominent families in the tri-state region, have made the largest single philanthropic investment in the history of Quincy University (QU). Quincy University is receiving a gift of $6.5 million, thanks to the generous financial support of multiple branches and several generations of the Oakley family. 

This gift represents a substantial new investment in undergraduate and graduate student scholarships, in improvement for several QU academic facilities, and in programs to enhance the student experience and for faculty support. The Oakley gift will have a direct and university-wide impact. Some elements of the gift will specifically support the activities of the university’s School of Business in recognition of the business success that made this gift possible. 

In response to the gift announced and the past philanthropic support extended to Quincy University and the tri-state region by members of the Oakley family, the university will permanently rename its School of Business, which now becomes the Oakley School of Business. Several new scholarships and institutional funds will also bear the Oakley family name. 

“The impact of the Oakley gift will transform the university in many ways and for generations to come,” said QU President Brian McGee, Ph.D. “We are so grateful for the generosity and vision of the Oakley family. Their investment will help the Oakley School of Business build on its strengths in preparing graduates for business careers, consistent with our Catholic and Franciscan tradition and the enduring value of the liberal arts. This gift also will enhance the work and experience of our entire community.”  

Many Oakley family members share a lifelong passion for Quincy University. They have been heavily involved in supporting many organizations in the region, but Quincy University has always been at the core of their community involvement and public service. 

“We are blessed to have great industries, a great hospital, great medical facilities, and wonderful schools that are all hugely important to our region,” said Ralph M. Oakley, a 1980 business graduate and former chair of the Board of Trustees. “Quincy University, however, touches every aspect of the tri-state area through its quality educational offerings and its many religious, cultural and athletic events, along with being a major employer and a driver of economic development in the region. There’s not a part of life that Quincy University does not touch in this area, and I think that is why the university is so important. Like other members of our family, I am a graduate of Quincy University. Because of what we learned at Quincy University, we were able to give back and to help QU continue its mission in the Franciscan tradition.”