QUINCY (WEEK) -- One of the most prominent families in the tri-state region for generations have made the largest single philanthropic investment in the history of Quincy University.
The gift of $6.5 million is thanks to the generous financial support of multiple branches and several generations of the Oakley family, according to a release from Qunicy University.
Because of this gift and past philanthropic support, the university is permanently renaming its School of Business to the Oakley School of Business.
“The impact of the Oakley gift will transform the university in many ways and for generations to come,” said Brian McGee, Ph.D., Quincy University President. “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.”
The Oakley family legacy began in the 1890s when members of the Oakley family worked for the Quincy Herald. The company founded by the Oakley and Lindsay families in 1926, Quincy Newspapers, Inc., entered the world of broadcasting in the 1940s. The company became Quincy Media, Inc in 2016.
The company's TV stations -- including 25 News -- were sold to Gray Television Inc. in 2021.
The Oakley gift will have a direct and university-wide impact, according to the university. 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 the gift possible.