Thursday, January 26, 2017

$1 million donation boosts optimism about QU financial recovery - Steve Eighinger Herald-Whig

Quincy University has received a $1 million gift from a donor who has asked to remain anonymous, funding that will go toward the school's financial recovery plan. The donation is targeted for operations. "It will help us pay our bills," said Phil Conover, who since Dec. 1 has served as QU's interim chief operating officer. The university revealed a $5 million budget deficit in early October, which coincided with the hiring of a financial consultant who helped put in place a five-year recovery plan designed to return the school to financial equilibrium. "This (donation) is a big jump forward," Conover said. "It represents a significant step."

No comments:

Post a Comment