Quincy University will soon receive a $1.3 million contribution from Dot Foods, which will help address QU’s current financial situation. A three-pronged plan has been created, which includes cost reductions, increasing tuition revenue, and a $7 million fundraising effort over the next five years.
“We are very happy to be able to assist Quincy University with this donation,” Dot Foods CEO Joe Tracy said. “QU is a vital part of the west central Illinois community, and Dot believes that when our communities thrive, we all thrive. The university has a long history of providing excellent education in our region, and we want to see QU continue that work for years to come.”
This donation marks one of the largest financial gifts made by Dot Foods in its 57-year history.
“We have enjoyed a strong relationship with Dot Foods for the past several years including a very robust internship program,” QU President Robert Gervasi said. “This investment will go a long way in helping the university regain financial stability in a rapidly changing higher education environment. It shows that Dot believes in QU’s value as an asset to our region. Hopefully this will pave the way for others to participate in the financial recovery plan.”