Quincy University receives $ 6.5 million giveaway, business school changes name
QUINCY, Ill. (WGEM) – The University of Quincy received a gift of $ 6,500,000 on Wednesday from members of the Oakley family.
QU officials said it was the largest philanthropic investment in the university’s history.
They said the donation represents an investment in undergraduate and graduate scholarships, improvements to university facilities, and student and faculty support programs.
QU officials said part of the donation would specifically support the activities of the university’s School of Business. QU will permanently rename its School of Business to Oakley School of Business. Oakley School is the first named school in the history of the university.
Several new scholarships and institutional funds will also bear the Oakley surname, according to QU.
“The impact of the Oakley donation will transform the university in many ways and for
generations to come, ”said Brian McGee, Ph.D., President of Quebec. “We are very grateful to the
the generosity and vision of the Oakley family. Their investment will help the Oakley School of
Companies build on their strengths to prepare graduates for commercial careers, in keeping with our Catholic and Franciscan tradition and the enduring value of the liberal arts. This donation will also improve the work and experience of our entire community, ”said McGee.
“We are fortunate to have large industries, a large hospital, excellent medical facilities and
wonderful schools which are all extremely important to our region, ”said Ralph M. Oakley, 1980 business graduate and past chairman of the board.
“The University of Quincy, however, touches all aspects of the Tri-State region through its quality educational offerings and its numerous religious, cultural and sporting events, in addition to being a major employer and an engine of economic development. In the region. There isn’t a part of life that Quincy University doesn’t touch in this area, and I think that’s why the university is so important, “said Ralph Oakley.
“Like other members of our family, I graduated from the University of Quincy. Because of
what we learned at the University of Quincy we were able to give back and help QU continue its mission in the Franciscan tradition, ”said Ralph Oakley.
“Our hope is that the Business School becomes not only a larger institution of higher education
education, but will attract a much larger number of students overall
country, ”said Thomas A. Oakley, former vice chairman of the University of Quincy board.