LIBERTY UNIVERSITY INC: Form 990, tax year 2021

View the entire original 990 at ProPublica ↗

Organization: LIBERTY UNIVERSITY INC (EIN 54-0946734)
Tax period: 2021-07-01 to 2022-06-30
Filed: 2023-05-15
IRS object ID: 202321359349308877
Schema version: 2021v4.2
Source: Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header
Form 990
Schedule A
Schedule B
Schedule C
Schedule D
Schedule E
Schedule F
Schedule G
Schedule I
Schedule J
Schedule L
Schedule M
Schedule O
Schedule R

Return header ReturnHeader

Field	Value	IRS element (for citing)
Return	2023-05-15T12:34:24-05:00	ReturnTs
Tax Period End	2022-06-30	TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Preparer Firm Name PreparerFirmName

Field	Value	IRS element (for citing)
Business Name Line1	BDO USA LLP	BusinessNameLine1Txt

Preparer US Address PreparerUSAddress

Field	Value	IRS element (for citing)
Address Line1	421 FAYETTEVILLE STREET SUITE 300	AddressLine1Txt
City	RALEIGH	CityNm
State Abbreviation	NC	StateAbbreviationCd
ZIP	27601	ZIPCd

Field	Value	IRS element (for citing)
Return Type	990	ReturnTypeCd
Tax Period Begin	2021-07-01	TaxPeriodBeginDt

Filer Filer

Field	Value	IRS element (for citing)
EIN	540946734	EIN

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	LIBERTY UNIVERSITY INC	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
In Care Of	% DR ROBERT RITZ	InCareOfNm
Business Name Control	LIBE	BusinessNameControlTxt
Phone	4345924800	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	1971 UNIVERSITY BLVD	AddressLine1Txt
City	LYNCHBURG	CityNm
State Abbreviation	VA	StateAbbreviationCd
ZIP	24515	ZIPCd

Business Officer BusinessOfficerGrp

Field	Value	IRS element (for citing)
Person	DR ROBERT RITZ	PersonNm
Person Title	CFO	PersonTitleTxt
Phone	4345923237	PhoneNum
Signature	2023-05-15	SignatureDt
Discuss With Paid Preparer	Yes (true)	DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

Field	Value	IRS element (for citing)
Person First	DR ROBERT	PersonFirstNm
Person Last	RITZ	PersonLastNm

Field	Value	IRS element (for citing)
SSN	999009999	SSN

Preparer Person PreparerPersonGrp

Field	Value	IRS element (for citing)
Preparer Person	Sandra L Feinsmith	PreparerPersonNm
PTIN	P01064157	PTIN
Phone	9192781936	PhoneNum
Preparation	2023-05-14	PreparationDt

Additional Filer Information AdditionalFilerInformation

Trusted Customer TrustedCustomerGrp

Field	Value	IRS element (for citing)
Trusted Customer	2	TrustedCustomerCd

Field	Value	IRS element (for citing)
Tax	2021	TaxYr
Build TS	2023-04-26 12:10:37Z	BuildTS

Form 990 IRS990

Field	Value	IRS element (for citing)
Principal Officer	DR ROBERT RITZ	PrincipalOfficerNm

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	1971 UNIVERSITY BLVD	AddressLine1Txt
City	LYNCHBURG	CityNm
State Abbreviation	VA	StateAbbreviationCd
ZIP	24515	ZIPCd

Field	Value	IRS element (for citing)
Gross Receipts	$2,106,643,067	GrossReceiptsAmt
Group Return For Affiliates	false	GroupReturnForAffiliatesInd
Organization501c3	Yes (X)	Organization501c3Ind
Website Address	WWW.LIBERTY.EDU	WebsiteAddressTxt
Type Of Organization Corp	Yes (X)	TypeOfOrganizationCorpInd
Formation	1972	FormationYr
Legal Domicile State	VA	LegalDomicileStateCd
Activity Or Mission	LIBERTY UNIVERSITY, INC. IS A DISTINCTIVELY CHRISTIAN ACADEMIC COMMUNITY, WITH A MISSION OF PROVIDING QUALITY COLLEGIATE EDUCATION TRAINING CHAMPIONS FOR CHRIST.	ActivityOrMissionDesc
Voting Members Governing Body	28	VotingMembersGoverningBodyCnt
Voting Members Independent	19	VotingMembersIndependentCnt
Total Employee	12037	TotalEmployeeCnt
Total Volunteers	10211	TotalVolunteersCnt
Total Gross UBI	$20,693,837	TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm	$1,810,806	NetUnrelatedBusTxblIncmAmt
PY Contributions Grants	$44,452,653	PYContributionsGrantsAmt
CY Contributions Grants	$29,324,690	CYContributionsGrantsAmt
PY Program Service Revenue	$1,407,719,569	PYProgramServiceRevenueAmt
CY Program Service Revenue	$1,483,885,774	CYProgramServiceRevenueAmt
PY Investment Income	$58,967,255	PYInvestmentIncomeAmt
CY Investment Income	$56,917,248	CYInvestmentIncomeAmt
PY Other Revenue	$4,814,229	PYOtherRevenueAmt
CY Other Revenue	$23,978,952	CYOtherRevenueAmt
PY Total Revenue	$1,515,953,706	PYTotalRevenueAmt
CY Total Revenue	$1,594,106,664	CYTotalRevenueAmt
PY Grants And Similar Paid	$326,083,879	PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid	$345,349,344	CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members	$0	PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members	$0	CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid	$452,015,184	PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid	$506,430,364	CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns	$0	PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns	$0	CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense	$3,643,170	CYTotalFundraisingExpenseAmt
PY Other Expenses	$387,580,425	PYOtherExpensesAmt
CY Other Expenses	$432,307,085	CYOtherExpensesAmt
PY Total Expenses	$1,165,679,488	PYTotalExpensesAmt
CY Total Expenses	$1,284,086,793	CYTotalExpensesAmt
PY Revenues Less Expenses	$350,274,218	PYRevenuesLessExpensesAmt
CY Revenues Less Expenses	$310,019,871	CYRevenuesLessExpensesAmt
Total Assets BOY	$3,931,030,973	TotalAssetsBOYAmt
Total Assets EOY	$3,991,603,424	TotalAssetsEOYAmt
Total Liabilities BOY	$470,092,122	TotalLiabilitiesBOYAmt
Total Liabilities EOY	$464,621,438	TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY	$3,460,938,851	NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY	$3,526,981,986	NetAssetsOrFundBalancesEOYAmt
Mission	LIBERTY UNIVERSITY, INC. IS A DISTINCTIVELY CHRISTIAN ACADEMIC COMMUNITY, WITH A MISSION OF PROVIDING QUALITY COLLEGIATE EDUCATION TRAINING CHAMPIONS FOR CHRIST.	MissionDesc
Significant New Program Srvc	false	SignificantNewProgramSrvcInd
Significant Change	false	SignificantChangeInd
Expense	$981,822,357	ExpenseAmt
Grant	$345,349,344	GrantAmt
Revenue	$1,360,744,032	RevenueAmt
Desc	INSTRUCTION OF APPROXIMATELY 130,000 STUDENTS IN UNDERGRADUATE, GRADUATE, AND DOCTORAL PROGRAMS FOR BOTH THE ONLINE AND RESIDENTIAL PROGRAMS. SCHOLARSHIPS, GRANTS AND OTHER FINANCIAL ASSISTANCE ARE AWARDED TO ELIGIBLE STUDENTS BASED ON PROGRAM CRITERIA, WHICH INCLUDED SCHOLASTIC MERIT, ATHLETIC EXCELLENCE, ARTISTIC PERFORMANCE, FINANCIAL NEED, HIGH SCHOOL ATTENDED AND FIELD WORKED.	Desc

Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp

Field	Value	IRS element (for citing)
Expense	$161,453,049	ExpenseAmt
Grant	$0	GrantAmt
Revenue	$126,813,896	RevenueAmt
Desc	LIBERTY UNIVERSITY MAINTAINS A CAMPUS BOOKSTORE, HOUSING AND DINING FACILITIES, TRANSPORTATION SERVICES, ATHLETIC FACILITIES, BROADCASTING FACILITIES AND OTHER SUPPORT SERVICES AND FACILITIES ADDING TO THE STUDENT EXPERIENCE.	Desc

Field	Value	IRS element (for citing)
Total Program Service Expenses	$1,143,275,406	TotalProgramServiceExpensesAmt
Described In Section501c3	Yes (true)	DescribedInSection501c3Ind
Schedule B Required	Yes (true)	ScheduleBRequiredInd
Political Campaign Acty	false	PoliticalCampaignActyInd
Lobbying Activities	Yes (true)	LobbyingActivitiesInd
Subject To Proxy Tax	false	SubjectToProxyTaxInd
Donor Advised Fund	false	DonorAdvisedFundInd
Conservation Easements	false	ConservationEasementsInd
Collections Of Art	Yes (true)	CollectionsOfArtInd
Credit Counseling	false	CreditCounselingInd
Donor Rstr Or Quasi Endowments	Yes (true)	DonorRstrOrQuasiEndowmentsInd
Report Land Building Equipment	Yes (true)	ReportLandBuildingEquipmentInd
Report Investments Other Sec	Yes (true)	ReportInvestmentsOtherSecInd
Report Program Related Invst	false	ReportProgramRelatedInvstInd
Report Other Assets	false	ReportOtherAssetsInd
Report Other Liabilities	Yes (true)	ReportOtherLiabilitiesInd
Include FIN48 Footnote	false	IncludeFIN48FootnoteInd
Independent Audit Fincl Stmt	false	IndependentAuditFinclStmtInd
Consolidated Audit Fincl Stmt	Yes (true)	ConsolidatedAuditFinclStmtInd
School Operating	Yes (true)	SchoolOperatingInd
Foreign Office	Yes (true)	ForeignOfficeInd
Foreign Activities	Yes (true)	ForeignActivitiesInd
More Than5000 K To Org	false	MoreThan5000KToOrgInd
More Than5000 K To Individuals	false	MoreThan5000KToIndividualsInd
Professional Fundraising	false	ProfessionalFundraisingInd
Fundraising Activities	Yes (true)	FundraisingActivitiesInd
Gaming Activities	false	GamingActivitiesInd
Operate Hospital	false	OperateHospitalInd
Grants To Organizations	Yes (true)	GrantsToOrganizationsInd
Grants To Individuals	Yes (true)	GrantsToIndividualsInd
Schedule J Required	Yes (true)	ScheduleJRequiredInd
Tax Exempt Bonds	false	TaxExemptBondsInd
Engaged In Excess Benefit Trans	false	EngagedInExcessBenefitTransInd
PY Excess Benefit Trans	false	PYExcessBenefitTransInd
Loan Outstanding	Yes (true)	LoanOutstandingInd
Grant To Related Person	Yes (true)	GrantToRelatedPersonInd
Business Rln With Org Mem	Yes (true)	BusinessRlnWithOrgMemInd
Business Rln With Fam Mem	Yes (true)	BusinessRlnWithFamMemInd
Business Rln With35 Ctrl Ent	Yes (true)	BusinessRlnWith35CtrlEntInd
Deductible Non Cash Contri	Yes (true)	DeductibleNonCashContriInd
Deductible Art Contribution	false	DeductibleArtContributionInd
Terminate Operations	false	TerminateOperationsInd
Partial Liquidation	false	PartialLiquidationInd
Disregarded Entity	Yes (true)	DisregardedEntityInd
Related Entity	Yes (true)	RelatedEntityInd
Related Organization Ctrl Ent	Yes (true)	RelatedOrganizationCtrlEntInd
Transaction With Control Ent	Yes (true)	TransactionWithControlEntInd
Trnsfr Exmpt Non Chrtbl Rltd Org	false	TrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted Prtshp	false	ActivitiesConductedPrtshpInd
Schedule O Required	Yes (true)	ScheduleORequiredInd
IRP Document	1192	IRPDocumentCnt
IRP Document W2 G	0	IRPDocumentW2GCnt
Backup Wthld Compliance	Yes (true)	BackupWthldComplianceInd
Employee	12037	EmployeeCnt
Employment Tax Returns Filed	Yes (true)	EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over Limit	Yes (true)	UnrelatedBusIncmOverLimitInd
Form990 T Filed	Yes (true)	Form990TFiledInd
Foreign Financial Account	false	ForeignFinancialAccountInd
Prohibited Tax Shelter Trans	false	ProhibitedTaxShelterTransInd
Taxable Party Notification	false	TaxablePartyNotificationInd
Nondeductible Contributions	false	NondeductibleContributionsInd
Quid Pro Quo Contributions	Yes (true)	QuidProQuoContributionsInd
Quid Pro Quo Contri Discl	Yes (true)	QuidProQuoContriDisclInd
Form8282 Property Disposed Of	false	Form8282PropertyDisposedOfInd
Rcv Fnds To Pay Prsnl Bnft Cntrct	false	RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct	false	PayPremiumsPrsnlBnftCntrctInd
Form8899 Filedind	true	Form8899Filedind
Form1098 C Filed	Yes (true)	Form1098CFiledInd
Indoor Tanning Services	false	IndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht Pymt	Yes (true)	SubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst Inc	false	SubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VI	Yes (X)	InfoInScheduleOPartVIInd
Governing Body Voting Members	28	GoverningBodyVotingMembersCnt
Independent Voting Member	19	IndependentVotingMemberCnt
Family Or Business Rln	Yes (true)	FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties	false	DelegationOfMgmtDutiesInd
Change To Org Documents	false	ChangeToOrgDocumentsInd
Material Diversion Or Misuse	false	MaterialDiversionOrMisuseInd
Members Or Stockholders	false	MembersOrStockholdersInd
Election Of Board Members	false	ElectionOfBoardMembersInd
Decisions Subject To Approva	false	DecisionsSubjectToApprovaInd
Minutes Of Governing Body	Yes (true)	MinutesOfGoverningBodyInd
Minutes Of Committees	Yes (true)	MinutesOfCommitteesInd
Officer Mailing Address	false	OfficerMailingAddressInd
Local Chapters	false	LocalChaptersInd
Form990 Provided To Gvrn Body	Yes (true)	Form990ProvidedToGvrnBodyInd
Conflict Of Interest Policy	Yes (true)	ConflictOfInterestPolicyInd
Annual Disclosure Covered Prsn	Yes (true)	AnnualDisclosureCoveredPrsnInd
Regular Monitoring Enfrc	Yes (true)	RegularMonitoringEnfrcInd
Whistleblower Policy	Yes (true)	WhistleblowerPolicyInd
Document Retention Policy	Yes (true)	DocumentRetentionPolicyInd
Compensation Process CEO	Yes (true)	CompensationProcessCEOInd
Compensation Process Other	Yes (true)	CompensationProcessOtherInd
Investment In Joint Venture	Yes (true)	InvestmentInJointVentureInd
Written Policy Or Procedure	false	WrittenPolicyOrProcedureInd
States Where Copy Of Return Is Fld	CO	StatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is Fld	NH	StatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is Fld	NY	StatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is Fld	OR	StatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is Fld	SC	StatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is Fld	WA	StatesWhereCopyOfReturnIsFldCd
Upon Request	Yes (X)	UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Field	Value	IRS element (for citing)
Person	DR ROBERT RITZ	PersonNm
Phone	4345924800	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	1971 UNIVERSITY BLVD	AddressLine1Txt
City	Lynchburg	CityNm
State Abbreviation	VA	StateAbbreviationCd
ZIP	24515	ZIPCd

Field	Value	IRS element (for citing)
Info In Schedule O Part VII	Yes (X)	InfoInScheduleOPartVIIInd

Form990 Part VII Section A Form990PartVIISectionAGrp (53 entries)

TitleTitleTxt	Average Hours Per WeekAverageHoursPerWeekRt	Average Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRt	Highest Compensated EmployeeHighestCompensatedEmployeeInd	Reportable Comp From OrgReportableCompFromOrgAmt	Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt	Other CompensationOtherCompensationAmt	Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd	OfficerOfficerInd	Key EmployeeKeyEmployeeInd	Former Ofcr Director TrusteeFormerOfcrDirectorTrusteeInd
Mr Danny H Freeze Jr
Head Coach - Football	55.0	0.0	Yes (X)	$3,422,437	$0	$38,797
Mr Ritchie L McKay
Head Coach - Basketball	55.0	0.0	Yes (X)	$1,328,945	$0	$39,091
Dr Jerry Prevo
Trustee/President	54.0	1.0		$1,017,244	$0	$31,033	Yes (X)	Yes (X)
Mr Ian McCaw
Director of Athletics	55.0	0.0		$828,221	$0	$39,091			Yes (X)
Mr David Nasser
Sr. VP for Spiritual Developmt	55.0	0.0		$592,573	$0	$13,014			Yes (X)
Mr Ronald Kennedy
EVP for Enrollment & Marketing	55.0	0.0		$473,519	$0	$27,413			Yes (X)
Mr Scott L Symons
Linebacker Coach	55.0	0.0	Yes (X)	$462,287	$0	$30,515
Mr David Corry
General Counsel/Secretary	55.0	0.0		$459,690	$0	$32,038		Yes (X)
Dr Robert Ritz
Chief Fin. Officer/Treasurer	53.0	2.0		$439,053	$0	$31,841		Yes (X)
Mr Richard K Austin
Tight Ends Coach	55.0	0.0	Yes (X)	$399,666	$0	$28,869
Mr Mark F Horstemeyer
Dean, School of Engineering	55.0	0.0	Yes (X)	$366,127	$0	$30,297
Dr Scott Hicks
Provost & Chief Academic Off.	54.0	1.0		$374,236	$0	$17,221		Yes (X)
Ms Laura Wallace
EVP for Human Resources	55.0	0.0		$336,227	$0	$19,957			Yes (X)
Mr Craig Pettit
VP of Real Estate Management	55.0	0.0		$278,142	$0	$22,052			Yes (X)
Mrs Cindy Gaebe
SVP of Fin.& Chief Invest Off.	50.0	5.0		$285,236	$0	$12,413		Yes (X)
Mr Shon Muldrow
EVP of Inclusion, Divers & Eqy	55.0	0.0		$272,077	$0	$25,414			Yes (X)
Mr John Gauger
Chief Information Officer	55.0	0.0		$268,099	$0	$24,888			Yes (X)
Mr Daniel Deter
VP of Major Construction	55.0	0.0		$257,544	$0	$23,663			Yes (X)
Mr Charles Spence
Senior VP of Facilities Mgmt	55.0	0.0		$250,095	$0	$21,551			Yes (X)
Mr Don Moon
SVP of Fin. & Invest Mgmt	54.0	1.0		$253,568	$0	$16,561		Yes (X)
Mr Daniel Applewhite
Deputy Gen. Counsel/Asst. Secy	55.0	0.0		$230,932	$0	$24,144		Yes (X)
Dr Shawn Akers
Online Provost	55.0	0.0		$240,557	$0	$10,152		Yes (X)
Dr Lawrence Hine
Senior VP of Student Affairs	45.0	10.0		$216,238	$0	$19,618			Yes (X)
Pastor Jonathan Falwell
Trustee/Campus Pastor	20.0	3.0		$209,510	$0	$0	Yes (X)
Mr Glenn Clary
EVP of Strategic P'ships	55.0	0.0		$184,921	$0	$10,442			Yes (X)
Mr Chris Johnson
Former Key Employee	40.0	0.0		$127,082	$0	$17,619				Yes (X)
Mr Anthony Beckles
Trustee/Online Chair	42.0	1.0		$97,025	$0	$9,365	Yes (X)
Dr John Borek Jr
Trustee & Adjunct Professor	27.0	0.0		$43,500	$0	$0	Yes (X)
Mr Will Tinney
Trustee	2.0	0.0		$42,514	$0	$0	Yes (X)
Dr Brian Autry
Trustee & Adjunct Professor	27.0	0.0		$36,000	$0	$0	Yes (X)
Dr David Rhodenhizer
Trustee	3.0	0.0		$30,609	$0	$0	Yes (X)
Mr Chris Rhodenhizer
Trustee	2.0	0.0		$26,529	$0	$0	Yes (X)
Dr Don Crain
Trustee	2.0	0.0		$21,549	$0	$0	Yes (X)
Mr Gilbert Tinney Jr
Trustee	3.0	0.0		$12,300	$0	$0	Yes (X)
Mr Jeffery S Yager
Trustee	2.0	0.0		$12,029	$0	$0	Yes (X)
Evangelist Tim Lee
Trustee	3.0	0.0		$6,939	$0	$0	Yes (X)
Mr Jeffrey F Benson
Trustee	2.0	0.0		$129	$0	$0	Yes (X)
Mr Harvey Gainey
Trustee	1.0	0.0		$129	$0	$0	Yes (X)
Mr John Heath
Trustee	2.0	0.0		$129	$0	$0	Yes (X)
Mr Carroll Hudson
Trustee	3.0	0.0		$129	$0	$0	Yes (X)
Dr Richard G Lee
Trustee	2.0	0.0		$129	$0	$0	Yes (X)
Dr Allen McFarland
Trustee	3.0	0.0		$129	$0	$0	Yes (X)
Dr Gene Mims
Trustee	2.0	0.0		$129	$0	$0	Yes (X)
Mr Richard Osborne
Trustee	3.0	0.0		$129	$0	$0	Yes (X)
Mr Galen Peel Sr
Trustee	2.0	0.0		$129	$0	$0	Yes (X)
Dr Dwight Reighard
Trustee	2.0	0.0		$129	$0	$0	Yes (X)
Dr Jerry Vines
Trustee	3.0	0.0		$129	$0	$0	Yes (X)
Mrs Gaye Overton Benson
Trustee	2.0	0.0		$124	$0	$0	Yes (X)
Evangelist William F Graham
Trustee	2.0	0.0		$0	$0	$0	Yes (X)
Mrs Angela Jordan
Trustee	2.0	0.0		$0	$0	$0	Yes (X)
Ms Penny Nance
Trustee	2.0	0.0		$0	$0	$0	Yes (X)
Dr Harold Rawlings
Trustee	2.0	0.0		$0	$0	$0	Yes (X)
Mr Duke Westover
Trustee	2.0	0.0		$0	$0	$0	Yes (X)

Field	Value	IRS element (for citing)
Total Reportable Comp From Org	$13,447,144	TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org	$0	TotReportableCompRltdOrgAmt
Total Other Compensation	$590,075	TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K	773	IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed	Yes (true)	FormerOfcrEmployeesListedInd
Total Comp Greater Than150 K	Yes (true)	TotalCompGreaterThan150KInd
Compensation From Other Srcs	false	CompensationFromOtherSrcsInd

Contractor Compensation ContractorCompensationGrp (5 entries)

Address Line1ContractorAddress/USAddress/AddressLine1Txt	CityContractorAddress/USAddress/CityNm	State AbbreviationContractorAddress/USAddress/StateAbbreviationCd	ZIPContractorAddress/USAddress/ZIPCd	ServicesServicesDesc	CompensationCompensationAmt
Google LLC
1600 Amphitheatre Parkway	MOUNTAIN VIEW	CA	94043	Admissions Lead Gen.	$31,221,217
Sodexo Mgmt Inc-Liberty Uni loca
PO Box 360170	PITTSBURGH	PA	15251	food service	$27,511,121
James R Vannoy Sons Constr Co In
700 Highland Oaks Drive	WINSTONSALEM	NC	27103	construction	$7,152,771
Meta Platforms Inc
15161 Collections Center Drive	CHICAGO	IL	60693	Admissions Lead Gen.	$6,631,373
Sycom Technologies LLC
1801 Bayberry Ct Ste 302	RICHMOND	VA	23226	IT Service Mgmt	$6,359,787

Field	Value	IRS element (for citing)
Cntrct Rcvd Greater Than100 K	203	CntrctRcvdGreaterThan100KCnt
Government Grants	$15,306,698	GovernmentGrantsAmt
All Other Contributions	$14,017,992	AllOtherContributionsAmt
Noncash Contributions	$989,882	NoncashContributionsAmt
Total Contributions	$29,324,690	TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp (5 entries)

DescDesc	BusinessBusinessCd	Total Revenue ColumnTotalRevenueColumnAmt	Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt	Unrelated Business RevenueUnrelatedBusinessRevenueAmt
TUITION AND FEES	611710	$1,360,744,032	$1,360,744,032
ROOM & BOARD	611710	$93,127,194	$89,658,784	$3,468,410
STUDENT FEES	611710	$15,664,688	$15,664,688
STUDENT ACTIVITIES	611710	$11,088,640	$11,088,640
BOOKSTORE/CONCESSIONS	611710	$3,261,220	$3,261,220

Field	Value	IRS element (for citing)
Total Program Service Revenue	$1,483,885,774	TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$34,391,647	TotalRevenueColumnAmt
Unrelated Business Revenue	$2,154,984	UnrelatedBusinessRevenueAmt
Exclusion	$32,236,663	ExclusionAmt

Incm From Invest Bond Proceeds IncmFromInvestBondProceedsGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$0	TotalRevenueColumnAmt

Royalties Revenue RoyaltiesRevenueGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$372,053	TotalRevenueColumnAmt
Exclusion	$372,053	ExclusionAmt

Gross Rents GrossRentsGrp

Field	Value	IRS element (for citing)
Real	$13,065,124	RealAmt
Personal	$129,317	PersonalAmt

Less Rental Expenses LessRentalExpensesGrp

Field	Value	IRS element (for citing)
Real	$12,394,949	RealAmt

Rental Income Or Loss RentalIncomeOrLossGrp

Field	Value	IRS element (for citing)
Real	$670,175	RealAmt
Personal	$129,317	PersonalAmt

Net Rental Income Or Loss NetRentalIncomeOrLossGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$799,492	TotalRevenueColumnAmt
Unrelated Business Revenue	$129,317	UnrelatedBusinessRevenueAmt
Exclusion	$670,175	ExclusionAmt

Gross Amount Sales Assets GrossAmountSalesAssetsGrp

Field	Value	IRS element (for citing)
Securities	$522,233,153	SecuritiesAmt
Other	$409,089	OtherAmt

Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp

Field	Value	IRS element (for citing)
Securities	$498,995,297	SecuritiesAmt
Other	$1,121,344	OtherAmt

Gain Or Loss GainOrLossGrp

Field	Value	IRS element (for citing)
Securities	$23,237,856	SecuritiesAmt
Other	-$712,255	OtherAmt

Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$22,525,601	TotalRevenueColumnAmt
Related Or Exempt Func Income	-$712,255	RelatedOrExemptFuncIncomeAmt
Exclusion	$23,237,856	ExclusionAmt

Field	Value	IRS element (for citing)
Fundraising Gross Income	$38,275	FundraisingGrossIncomeAmt
Contri Rpt Fundraising Event	$0	ContriRptFundraisingEventAmt
Fundraising Direct Expenses	$24,813	FundraisingDirectExpensesAmt

Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$13,462	TotalRevenueColumnAmt
Exclusion	$13,462	ExclusionAmt

Field	Value	IRS element (for citing)
Gaming Gross Income	$0	GamingGrossIncomeAmt
Gaming Direct Expenses	$0	GamingDirectExpensesAmt

Net Income From Gaming NetIncomeFromGamingGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$0	TotalRevenueColumnAmt

Field	Value	IRS element (for citing)
Gross Sales Of Inventory	$0	GrossSalesOfInventoryAmt
Cost Of Goods Sold	$0	CostOfGoodsSoldAmt

Net Income Or Loss NetIncomeOrLossGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$0	TotalRevenueColumnAmt

Other Revenue Misc OtherRevenueMiscGrp (3 entries)

DescDesc	BusinessBusinessCd	Total Revenue ColumnTotalRevenueColumnAmt	Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt	Unrelated Business RevenueUnrelatedBusinessRevenueAmt
OTHER INCOME	611710	$6,618,787	$3,086,962	$3,531,825
STUDENT TRAVEL FEES	561500	$1,658,054	$1,658,054
SPONSORSHIPS	541890	$1,265,220	$1,129,195	$136,025

Miscellaneous Revenue MiscellaneousRevenueGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$13,251,884	TotalRevenueColumnAmt
Related Or Exempt Func Income	$1,978,608	RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue	$11,273,276	UnrelatedBusinessRevenueAmt

Field	Value	IRS element (for citing)
Other Revenue Total	$22,793,945	OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$1,594,106,664	TotalRevenueColumnAmt
Related Or Exempt Func Income	$1,487,557,928	RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue	$20,693,837	UnrelatedBusinessRevenueAmt
Exclusion	$56,530,209	ExclusionAmt

Grants To Domestic Orgs GrantsToDomesticOrgsGrp

Field	Value	IRS element (for citing)
Total	$2,035,024	TotalAmt
Program Services	$2,035,024	ProgramServicesAmt

Grants To Domestic Individuals GrantsToDomesticIndividualsGrp

Field	Value	IRS element (for citing)
Total	$343,314,320	TotalAmt
Program Services	$343,314,320	ProgramServicesAmt

Foreign Grants ForeignGrantsGrp

Field	Value	IRS element (for citing)
Total	$0	TotalAmt

Benefits To Members BenefitsToMembersGrp

Field	Value	IRS element (for citing)
Total	$0	TotalAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

Field	Value	IRS element (for citing)
Total	$7,516,423	TotalAmt
Program Services	$4,960,839	ProgramServicesAmt
Management And General	$2,555,584	ManagementAndGeneralAmt

Comp Disqual Persons CompDisqualPersonsGrp

Field	Value	IRS element (for citing)
Total	$2,183,248	TotalAmt
Program Services	$1,440,944	ProgramServicesAmt
Management And General	$742,304	ManagementAndGeneralAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

Field	Value	IRS element (for citing)
Total	$400,567,965	TotalAmt
Program Services	$364,086,018	ProgramServicesAmt
Management And General	$34,499,309	ManagementAndGeneralAmt
Fundraising	$1,982,638	FundraisingAmt

Pension Plan Contributions PensionPlanContributionsGrp

Field	Value	IRS element (for citing)
Total	$9,346,811	TotalAmt
Program Services	$7,493,793	ProgramServicesAmt
Management And General	$1,796,406	ManagementAndGeneralAmt
Fundraising	$56,612	FundraisingAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

Field	Value	IRS element (for citing)
Total	$57,175,323	TotalAmt
Program Services	$43,814,244	ProgramServicesAmt
Management And General	$12,857,440	ManagementAndGeneralAmt
Fundraising	$503,639	FundraisingAmt

Payroll Taxes PayrollTaxesGrp

Field	Value	IRS element (for citing)
Total	$29,640,594	TotalAmt
Program Services	$24,215,693	ProgramServicesAmt
Management And General	$5,283,755	ManagementAndGeneralAmt
Fundraising	$141,146	FundraisingAmt

Fees For Services Management FeesForServicesManagementGrp

Field	Value	IRS element (for citing)
Total	$0	TotalAmt

Fees For Services Legal FeesForServicesLegalGrp

Field	Value	IRS element (for citing)
Total	$9,708,371	TotalAmt
Program Services	$63,110	ProgramServicesAmt
Management And General	$9,645,261	ManagementAndGeneralAmt

Fees For Services Accounting FeesForServicesAccountingGrp

Field	Value	IRS element (for citing)
Total	$264,270	TotalAmt
Management And General	$264,270	ManagementAndGeneralAmt

Fees For Services Lobbying FeesForServicesLobbyingGrp

Field	Value	IRS element (for citing)
Total	$53,183	TotalAmt
Management And General	$53,183	ManagementAndGeneralAmt

Fees For Services Prof Fundraising FeesForServicesProfFundraising

Field	Value	IRS element (for citing)
Total	$0	TotalAmt

Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp

Field	Value	IRS element (for citing)
Total	$7,230,935	TotalAmt
Management And General	$7,230,935	ManagementAndGeneralAmt

Fees For Services Other FeesForServicesOtherGrp

Field	Value	IRS element (for citing)
Total	$5,319,676	TotalAmt
Program Services	$4,006,518	ProgramServicesAmt
Management And General	$1,311,754	ManagementAndGeneralAmt
Fundraising	$1,404	FundraisingAmt

Advertising AdvertisingGrp

Field	Value	IRS element (for citing)
Total	$23,564,489	TotalAmt
Program Services	$17,268,973	ProgramServicesAmt
Management And General	$6,146,579	ManagementAndGeneralAmt
Fundraising	$148,937	FundraisingAmt

Office Expenses OfficeExpensesGrp

Field	Value	IRS element (for citing)
Total	$5,763,385	TotalAmt
Program Services	$3,881,360	ProgramServicesAmt
Management And General	$1,789,535	ManagementAndGeneralAmt
Fundraising	$92,490	FundraisingAmt

Information Technology InformationTechnologyGrp

Field	Value	IRS element (for citing)
Total	$47,760,781	TotalAmt
Program Services	$37,260,181	ProgramServicesAmt
Management And General	$10,485,309	ManagementAndGeneralAmt
Fundraising	$15,291	FundraisingAmt

Royalties RoyaltiesGrp

Field	Value	IRS element (for citing)
Total	$502,089	TotalAmt
Program Services	$347,003	ProgramServicesAmt
Management And General	$155,086	ManagementAndGeneralAmt

Occupancy OccupancyGrp

Field	Value	IRS element (for citing)
Total	$13,993,296	TotalAmt
Program Services	$12,418,119	ProgramServicesAmt
Management And General	$1,559,422	ManagementAndGeneralAmt
Fundraising	$15,755	FundraisingAmt

Travel TravelGrp

Field	Value	IRS element (for citing)
Total	$14,360,311	TotalAmt
Program Services	$13,359,766	ProgramServicesAmt
Management And General	$797,732	ManagementAndGeneralAmt
Fundraising	$202,813	FundraisingAmt

Pymt Travel Entrtnmnt Pub Ofcl PymtTravelEntrtnmntPubOfclGrp

Field	Value	IRS element (for citing)
Total	$0	TotalAmt

Conferences Meetings ConferencesMeetingsGrp

Field	Value	IRS element (for citing)
Total	$500,300	TotalAmt
Program Services	$367,276	ProgramServicesAmt
Management And General	$127,073	ManagementAndGeneralAmt
Fundraising	$5,951	FundraisingAmt

Interest InterestGrp

Field	Value	IRS element (for citing)
Total	$7,075,803	TotalAmt
Program Services	$6,591,772	ProgramServicesAmt
Management And General	$484,031	ManagementAndGeneralAmt

Payments To Affiliates PaymentsToAffiliatesGrp

Field	Value	IRS element (for citing)
Total	$0	TotalAmt

Depreciation Depletion DepreciationDepletionGrp

Field	Value	IRS element (for citing)
Total	$52,455,109	TotalAmt
Program Services	$49,648,761	ProgramServicesAmt
Management And General	$2,806,348	ManagementAndGeneralAmt

Insurance InsuranceGrp

Field	Value	IRS element (for citing)
Total	$4,312,662	TotalAmt
Program Services	$531,930	ProgramServicesAmt
Management And General	$3,780,732	ManagementAndGeneralAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDesc	TotalTotalAmt	Program ServicesProgramServicesAmt	Management And GeneralManagementAndGeneralAmt	FundraisingFundraisingAmt
PURCHASED SERVICES	$102,882,880	$102,246,075	$448,911	$187,894
STUDENT FOOD SERVICES	$28,937,682	$28,787,980	$85,535	$64,167
SUPPLIES	$18,102,116	$15,422,330	$2,635,584	$44,202
NON CAPITAL EQUIPMENT	$17,201,722	$13,675,732	$3,480,551	$45,439

All Other Expenses AllOtherExpensesGrp

Field	Value	IRS element (for citing)
Total	$72,318,025	TotalAmt
Program Services	$46,037,645	ProgramServicesAmt
Management And General	$26,145,588	ManagementAndGeneralAmt
Fundraising	$134,792	FundraisingAmt

Total Functional Expenses TotalFunctionalExpensesGrp

Field	Value	IRS element (for citing)
Total	$1,284,086,793	TotalAmt
Program Services	$1,143,275,406	ProgramServicesAmt
Management And General	$137,168,217	ManagementAndGeneralAmt
Fundraising	$3,643,170	FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

Field	Value	IRS element (for citing)
BOY	$13,659,158	BOYAmt
EOY	$342,750,702	EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

Field	Value	IRS element (for citing)
BOY	$391,616,347	BOYAmt
EOY	$73,212,720	EOYAmt

Pledges And Grants Receivable PledgesAndGrantsReceivableGrp

Field	Value	IRS element (for citing)
BOY	$416,840	BOYAmt
EOY	$392,741	EOYAmt

Accounts Receivable AccountsReceivableGrp

Field	Value	IRS element (for citing)
BOY	$33,607,320	BOYAmt
EOY	$52,603,117	EOYAmt

Receivables From Officers Etc ReceivablesFromOfficersEtcGrp

Field	Value	IRS element (for citing)
BOY	$859,690	BOYAmt
EOY	$1,973,510	EOYAmt

Rcvbl From Disqualified Prsn RcvblFromDisqualifiedPrsnGrp

Field	Value	IRS element (for citing)
BOY	$0	BOYAmt
EOY	$0	EOYAmt

Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp

Field	Value	IRS element (for citing)
BOY	$5,631,215	BOYAmt
EOY	$1,764,505	EOYAmt

Inventories For Sale Or Use InventoriesForSaleOrUseGrp

Field	Value	IRS element (for citing)
BOY	$1,340,347	BOYAmt
EOY	$1,101,457	EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

Field	Value	IRS element (for citing)
BOY	$14,438,353	BOYAmt
EOY	$23,751,043	EOYAmt

Field	Value	IRS element (for citing)
Land Bldg Equip Cost Or Other Bss	$1,960,205,742	LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec	$504,980,130	LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

Field	Value	IRS element (for citing)
BOY	$1,450,534,059	BOYAmt
EOY	$1,455,225,612	EOYAmt

Investments Pub Traded Sec InvestmentsPubTradedSecGrp

Field	Value	IRS element (for citing)
BOY	$860,248,918	BOYAmt
EOY	$948,263,818	EOYAmt

Investments Other Securities InvestmentsOtherSecuritiesGrp

Field	Value	IRS element (for citing)
BOY	$1,135,515,033	BOYAmt
EOY	$1,050,417,070	EOYAmt

Investments Program Related InvestmentsProgramRelatedGrp

Field	Value	IRS element (for citing)
BOY	$14,199,070	BOYAmt
EOY	$16,361,125	EOYAmt

Intangible Assets IntangibleAssetsGrp

Field	Value	IRS element (for citing)
BOY	$1,235,245	BOYAmt
EOY	$1,049,135	EOYAmt

Other Assets Total OtherAssetsTotalGrp

Field	Value	IRS element (for citing)
BOY	$7,729,378	BOYAmt
EOY	$22,736,869	EOYAmt

Total Assets TotalAssetsGrp

Field	Value	IRS element (for citing)
BOY	$3,931,030,973	BOYAmt
EOY	$3,991,603,424	EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

Field	Value	IRS element (for citing)
BOY	$84,372,367	BOYAmt
EOY	$94,597,467	EOYAmt

Grants Payable GrantsPayableGrp

Field	Value	IRS element (for citing)
BOY	$0	BOYAmt
EOY	$0	EOYAmt

Deferred Revenue DeferredRevenueGrp

Field	Value	IRS element (for citing)
BOY	$160,581,155	BOYAmt
EOY	$145,827,603	EOYAmt

Tax Exempt Bond Liabilities TaxExemptBondLiabilitiesGrp

Field	Value	IRS element (for citing)
BOY	$0	BOYAmt
EOY	$0	EOYAmt

Escrow Account Liability EscrowAccountLiabilityGrp

Field	Value	IRS element (for citing)
BOY	$0	BOYAmt
EOY	$0	EOYAmt

Loans From Officers Directors LoansFromOfficersDirectorsGrp

Field	Value	IRS element (for citing)
BOY	$0	BOYAmt
EOY	$0	EOYAmt

Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp

Field	Value	IRS element (for citing)
BOY	$0	BOYAmt
EOY	$0	EOYAmt

Unsecured Notes Loans Payable UnsecuredNotesLoansPayableGrp

Field	Value	IRS element (for citing)
BOY	$194,994,010	BOYAmt
EOY	$191,542,554	EOYAmt

Other Liabilities OtherLiabilitiesGrp

Field	Value	IRS element (for citing)
BOY	$30,144,590	BOYAmt
EOY	$32,653,814	EOYAmt

Total Liabilities TotalLiabilitiesGrp

Field	Value	IRS element (for citing)
BOY	$470,092,122	BOYAmt
EOY	$464,621,438	EOYAmt

Field	Value	IRS element (for citing)
Organization Follows FASB117	Yes (X)	OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

Field	Value	IRS element (for citing)
BOY	$3,429,256,394	BOYAmt
EOY	$3,493,968,693	EOYAmt

Donor Restriction Net Assets DonorRestrictionNetAssetsGrp

Field	Value	IRS element (for citing)
BOY	$31,682,457	BOYAmt
EOY	$33,013,293	EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

Field	Value	IRS element (for citing)
BOY	$3,460,938,851	BOYAmt
EOY	$3,526,981,986	EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

Field	Value	IRS element (for citing)
BOY	$3,931,030,973	BOYAmt
EOY	$3,991,603,424	EOYAmt

Field	Value	IRS element (for citing)
Info In Schedule O Part XI	Yes (X)	InfoInScheduleOPartXIInd
Reconcilation Revenue Expnss	$310,019,871	ReconcilationRevenueExpnssAmt
Net Unrlzd Gains Losses Invst	-$235,902,399	NetUnrlzdGainsLossesInvstAmt
Other Changes In Net Assets	-$8,074,337	OtherChangesInNetAssetsAmt
Method Of Accounting Accrual	Yes (X)	MethodOfAccountingAccrualInd
Accountant Compile Or Review	false	AccountantCompileOrReviewInd
FS Audited	Yes (true)	FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

Field	Value	IRS element (for citing)
Consolidated Basis Fincl Stmt	Yes (X)	ConsolidatedBasisFinclStmtInd

Field	Value	IRS element (for citing)
Audit Committee	Yes (true)	AuditCommitteeInd
Federal Grant Audit Required	Yes (true)	FederalGrantAuditRequiredInd
Federal Grant Audit Performed	Yes (true)	FederalGrantAuditPerformedInd

Schedule A IRS990ScheduleA

Field	Value	IRS element (for citing)
School	Yes (X)	SchoolInd

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

Field	Value	IRS element (for citing)
Contributor	RESTRICTED	ContributorNum

Contributor Business Name ContributorBusinessName

Field	Value	IRS element (for citing)
Business Name Line1	RESTRICTED	BusinessNameLine1

Contributor US Address ContributorUSAddress

Field	Value	IRS element (for citing)
Address Line1	RESTRICTED	AddressLine1
Address Line2	RESTRICTED	AddressLine2
City	RESTRICTED	City
State	RESTRICTED	State
ZIP Code	RESTRICTED	ZIPCode

Field	Value	IRS element (for citing)
Total Contributions	RESTRICTED	TotalContributionsAmt

Schedule C IRS990ScheduleC

Total Grassroots Lobbying TotalGrassrootsLobbyingGrp

Field	Value	IRS element (for citing)
Filing Organizations Total	$0	FilingOrganizationsTotalAmt

Total Direct Lobbying TotalDirectLobbyingGrp

Field	Value	IRS element (for citing)
Filing Organizations Total	$53,183	FilingOrganizationsTotalAmt

Total Lobbying Expend TotalLobbyingExpendGrp

Field	Value	IRS element (for citing)
Filing Organizations Total	$53,183	FilingOrganizationsTotalAmt

Other Exempt Purpose Expend OtherExemptPurposeExpendGrp

Field	Value	IRS element (for citing)
Filing Organizations Total	$1,284,033,610	FilingOrganizationsTotalAmt

Total Exempt Purpose Expend TotalExemptPurposeExpendGrp

Field	Value	IRS element (for citing)
Filing Organizations Total	$1,284,086,793	FilingOrganizationsTotalAmt

Lobbying Nontaxable Amount LobbyingNontaxableAmountGrp

Field	Value	IRS element (for citing)
Filing Organizations Total	$1,000,000	FilingOrganizationsTotalAmt

Grassroots Nontaxable GrassrootsNontaxableGrp

Field	Value	IRS element (for citing)
Filing Organizations Total	$250,000	FilingOrganizationsTotalAmt

Field	Value	IRS element (for citing)
Tot Lbbyng Grassroot Mns Non Tx		TotLbbyngGrassrootMnsNonTxGrp
Tot Lbby Expend Mns Lbbyng Non Tx		TotLbbyExpendMnsLbbyngNonTxGrp

Avg Lobbying Nontaxable Amount AvgLobbyingNontaxableAmountGrp

Field	Value	IRS element (for citing)
Current Year Minus3	$1,000,000	CurrentYearMinus3Amt
Current Year Minus2	$1,000,000	CurrentYearMinus2Amt
Current Year Minus1	$1,000,000	CurrentYearMinus1Amt
Current Year	$1,000,000	CurrentYearAmt
Total	$4,000,000	TotalAmt

Field	Value	IRS element (for citing)
Lobbying Ceiling	$6,000,000	LobbyingCeilingAmt

Avg Total Lobbying Expend AvgTotalLobbyingExpendGrp

Field	Value	IRS element (for citing)
Current Year Minus3	$170,385	CurrentYearMinus3Amt
Current Year Minus2	$88,120	CurrentYearMinus2Amt
Current Year Minus1	$301,033	CurrentYearMinus1Amt
Current Year	$53,183	CurrentYearAmt
Total	$612,721	TotalAmt

Avg Grassroots Nontaxable AvgGrassrootsNontaxableGrp

Field	Value	IRS element (for citing)
Current Year Minus3	$250,000	CurrentYearMinus3Amt
Current Year Minus2	$250,000	CurrentYearMinus2Amt
Current Year Minus1	$250,000	CurrentYearMinus1Amt
Current Year	$250,000	CurrentYearAmt
Total	$1,000,000	TotalAmt

Field	Value	IRS element (for citing)
Grassroots Ceiling	$1,500,000	GrassrootsCeilingAmt

Avg Grassroots Lobbying Expend AvgGrassrootsLobbyingExpendGrp

Field	Value	IRS element (for citing)
Current Year Minus2	$32,838	CurrentYearMinus2Amt
Current Year Minus1	$277,608	CurrentYearMinus1Amt
Current Year	$0	CurrentYearAmt
Total	$310,446	TotalAmt

Schedule D IRS990ScheduleD

Field	Value	IRS element (for citing)
Art Public Exhibition Amounts		ArtPublicExhibitionAmountsGrp
Held Works Art		HeldWorksArtGrp
Collection Used Pub Exhibition	Yes (X)	CollectionUsedPubExhibitionInd

Collection Used Other Purposes CollectionUsedOtherPurposesGrp

Field	Value	IRS element (for citing)
Collection Used Other Purposes	Yes (X)	CollectionUsedOtherPurposesInd
Other Purposes	DISPLAY IN University buildings	OtherPurposesDesc

Field	Value	IRS element (for citing)
Solicited Assets Sale	false	SolicitedAssetsSaleInd

CY Endwmt Fund CYEndwmtFundGrp

Field	Value	IRS element (for citing)
Beginning Year Balance	$2,156,598,596	BeginningYearBalanceAmt
Contributions	$206,934,544	ContributionsAmt
Investment Earnings Or Losses	-$194,027,923	InvestmentEarningsOrLossesAmt
Other Expenditures	$58,254	OtherExpendituresAmt
End Year Balance	$2,169,446,963	EndYearBalanceAmt

CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp

Field	Value	IRS element (for citing)
Beginning Year Balance	$1,714,462,564	BeginningYearBalanceAmt
Contributions	$216,931,978	ContributionsAmt
Investment Earnings Or Losses	$225,222,906	InvestmentEarningsOrLossesAmt
Other Expenditures	$18,852	OtherExpendituresAmt
End Year Balance	$2,156,598,596	EndYearBalanceAmt

CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp

Field	Value	IRS element (for citing)
Beginning Year Balance	$1,587,918,559	BeginningYearBalanceAmt
Contributions	$157,959,701	ContributionsAmt
Investment Earnings Or Losses	-$31,375,007	InvestmentEarningsOrLossesAmt
Other Expenditures	$40,689	OtherExpendituresAmt
End Year Balance	$1,714,462,564	EndYearBalanceAmt

CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp

Field	Value	IRS element (for citing)
Beginning Year Balance	$1,432,964,225	BeginningYearBalanceAmt
Contributions	$106,431,660	ContributionsAmt
Investment Earnings Or Losses	$48,522,694	InvestmentEarningsOrLossesAmt
Other Expenditures	$20	OtherExpendituresAmt
End Year Balance	$1,587,918,559	EndYearBalanceAmt

CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp

Field	Value	IRS element (for citing)
Beginning Year Balance	$1,290,702,848	BeginningYearBalanceAmt
Contributions	$90,835,204	ContributionsAmt
Investment Earnings Or Losses	$52,095,842	InvestmentEarningsOrLossesAmt
Other Expenditures	$669,669	OtherExpendituresAmt
End Year Balance	$1,432,964,225	EndYearBalanceAmt

Field	Value	IRS element (for citing)
Board Designated Balance EOY	0.99160	BoardDesignatedBalanceEOYPct
Prmnnt Endowment Balance EOY	0.00740	PrmnntEndowmentBalanceEOYPct
Term Endowment Balance EOY	0.00100	TermEndowmentBalanceEOYPct
Endowments Held Unrelated Org	false	EndowmentsHeldUnrelatedOrgInd
Endowments Held Related Org	false	EndowmentsHeldRelatedOrgInd

Land LandGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$81,226,613	OtherCostOrOtherBasisAmt
Book Value	$81,226,613	BookValueAmt

Buildings BuildingsGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$1,404,168,297	OtherCostOrOtherBasisAmt
Depreciation	$272,394,408	DepreciationAmt
Book Value	$1,131,773,889	BookValueAmt

Field	Value	IRS element (for citing)
Leasehold Improvements		LeaseholdImprovementsGrp

Equipment EquipmentGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$262,606,319	OtherCostOrOtherBasisAmt
Depreciation	$187,618,159	DepreciationAmt
Book Value	$74,988,160	BookValueAmt

Other Land Buildings OtherLandBuildingsGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$212,204,513	OtherCostOrOtherBasisAmt
Depreciation	$44,967,563	DepreciationAmt
Book Value	$167,236,950	BookValueAmt

Field	Value	IRS element (for citing)
Total Book Value Land Buildings	$1,455,225,612	TotalBookValueLandBuildingsAmt
Financial Derivatives		FinancialDerivativesGrp
Closely Held Equity Interests		CloselyHeldEquityInterestsGrp

Other Securities OtherSecuritiesGrp (5 entries)

DescDesc	Book ValueBookValueAmt	Method ValuationMethodValuationCd
PUBLICLY TRADED EQUITIES	$191,678,551	F
TRADITION FIXED INCOME	$521,995,608	F
HEDGE FUNDS	$195,737,734	F
PRIVATE EQUITY/VENTURE CAPITAL	$44,312,256	F
COMMODITIES/OTHER ALTERNATIVES	$96,692,921	F

Field	Value	IRS element (for citing)
Total Book Value Securities	$1,050,417,070	TotalBookValueSecuritiesAmt
Federal Income Tax Liability	$0	FederalIncomeTaxLiabilityAmt

Other Liabilities Org OtherLiabilitiesOrgGrp (4 entries)

DescDesc	AmtAmt
GIFT ANNUITIES PAYABLE	$24,893,937
OBLIGATIONS UNDER CAPITAL LEASES	$7,023,052
AGREEMENT	$784,693
DUE TO/FROM FA FROM C&C AVIATION	-$47,868

Field	Value	IRS element (for citing)
Total Liability	$32,653,814	TotalLiabilityAmt
Total Rev Etc Audited Fincl Stmt	$1,017,262,212	TotalRevEtcAuditedFinclStmtAmt
Net Unrealized Gains Invst	-$235,902,399	NetUnrealizedGainsInvstAmt
Donated Services And Use Fclts	$1,509,540	DonatedServicesAndUseFcltsAmt
Other Revenue	-$8,477,834	OtherRevenueAmt
Revenue Not Reported	-$242,870,693	RevenueNotReportedAmt
Revenue Subtotal	$1,260,132,905	RevenueSubtotalAmt
Other Revenues Not Included	$333,973,759	OtherRevenuesNotIncludedAmt
Revenue Not Reported Fincl Stmt	$333,973,759	RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990	$1,594,106,664	TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt	$951,219,077	TotExpnsEtcAuditedFinclStmtAmt
Donated Services Use Fclts	$1,509,540	DonatedServicesUseFcltsAmt
Other Expenses Included	-$403,497	OtherExpensesIncludedAmt
Expenses Not Reported	$1,106,043	ExpensesNotReportedAmt
Expenses Subtotal	$950,113,034	ExpensesSubtotalAmt
Other Expenses Not Included	$333,973,759	OtherExpensesNotIncludedAmt
Expenses Not Rpt Fincl Stmt	$333,973,759	ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990	$1,284,086,793	TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail (6 entries)

Form And Line ReferenceFormAndLineReferenceDesc	ExplanationExplanationTxt
Part III, Line 4:	LIBERTY UNIVERSITY HAS A COLLECTION OF DONATED ANIMAL TROPHIES AND A COLLECTION OF DONATED PAINTINGS. THE COLLECTIONS ARE DISPLAYED WITHIN THE UNIVERSITY'S FACILITIES FOR THE EDUCATION AND ENJOYMENT OF STUDENTS AND VISITORS. THERE IS NO ADMISSION CHARGE FOR VIEWING THE COLLECTIONS AND LIBERTY UNIVERSITY DOES NOT ADVERTISE THAT THE COLLECTIONS ARE OPEN TO THE GENERAL PUBLIC.
Part V, Line 4:	THE UNIVERSITY HAS ADOPTED DONOR-RESTRICTED ENDOWMENT AND QUASI-ENDOWMENT SPENDING POLICIES TO HELP ENSURE THE CONTINUED VIABILITY OF ENDOWMENT FUNDS AND TO PRESERVE THE LONG-TERM PURCHASING POWER OF ENDOWMENT FUNDS. INVESTMENT RETURNS ARE ACHIEVED THROUGH CAPITAL APPRECIATION (REALIZED AND UNREALIZED), CURRENT YIELD (INTEREST AND DIVIDENDS), AND NET INCOME ON ENDOWED SUBSIDIARIES. THE UNIVERSITY HAS A DIVERSIFIED ASSET ALLOCATION THAT PLACES EMPHASIS ON INVESTMENTS IN EQUITIES AND ABSOLUTE RETURN STRATEGIES TO ACHIEVE ITS LONG-TERM RETURN OBJECTIVES WITHIN PRUDENT RISK CONSTRAINTS. THE BOARD-APPROVED SPENDING FORMULA FOR THE DONOR RESTRICTED ENDOWMENT PROVIDES FOR SPENDING THE LESSER OF 3% OF THE ORIGINAL GIFT, INCLUDING EARNINGS RETURNED TO PRINCIPLE AS OF THE PRIOR YEAR END, OR HISTORIC ACCUMULATED EARNINGS DISTRIBUTED TO THE ENDOWMENT FUND. PART VII INVESTMENTS-OTHER SECURITIES METHOD OF VALUATION IS NET ASSET VALUE
Part XI, Line 2D - Other Adjustments	RENT EXPENSES 12,394,949 TAX ADJUSTMENT FOR SUBS FILING SEPARATE RETURNS 29,190,683 FUNDRAISING 24,813 ASU INVESTMENT ADJUSTMENT (34,783,289) CHANGE IN SPLIT INTEREST (8,074,337) INVESTMENT EXPENSES (7,230,653) TOTAL TO PART XI, LINE 2D (8,477,834)
Part XI, Line 4B - Other Adjustments	INSTITUTIONAL SCHOLARSHIPS 333,973,759 TOTAL TO PART XI, LINE 4B 333,973,759
Part XII, Line 2D - Other Adjustments	RENT EXPENSES 12,394,949 TAX ADJUSTMENT FOR SUBS FILING SEPARATE RETURNS 29,190,683 FUNDRAISING 24,813 ASU INVESTMENT ADJUSTMENT (34,783,289) INVESTMENT EXPENSES (7,230,653) TOTAL TO PART XII, LINE 2D (403,497)
Part XII, Line 4B - Other Adjustments	INSTITUTIONAL SCHOLARSHIPS 333,973,759 TOTAL TO PART XII, LINE 4B 333,973,759

Schedule E IRS990ScheduleE

Field	Value	IRS element (for citing)
Nondiscriminatory Policy Stmt	Yes (true)	NondiscriminatoryPolicyStmtInd
Policy Stmt In Brochures Etc	Yes (true)	PolicyStmtInBrochuresEtcInd
Plcy Pblczd Via Broadcast Media	Yes (true)	PlcyPblczdViaBroadcastMediaInd
Maintain Racial Comp Recs	Yes (true)	MaintainRacialCompRecsInd
Maintain Scholarships Recs	Yes (true)	MaintainScholarshipsRecsInd
Maintain Cpy Of Brochures Etc	Yes (true)	MaintainCpyOfBrochuresEtcInd
Maintain Cpy Of All Sol	Yes (true)	MaintainCpyOfAllSolInd
Discriminate Race Stdnts Rghts	false	DiscriminateRaceStdntsRghtsInd
Discriminate Race Admiss Plcy	false	DiscriminateRaceAdmissPlcyInd
Discriminate Race Emplm Fculty	false	DiscriminateRaceEmplmFcultyInd
Discriminate Race Schs	false	DiscriminateRaceSchsInd
Discriminate Race Educ Plcy	false	DiscriminateRaceEducPlcyInd
Discriminate Race Use Of Fclts	false	DiscriminateRaceUseOfFcltsInd
Discriminate Race Athlt Prog	false	DiscriminateRaceAthltProgInd
Discriminate Race Other Acty	false	DiscriminateRaceOtherActyInd
Government Financial Aid Rcvd	Yes (true)	GovernmentFinancialAidRcvdInd
Government Financial Aid Rvkd	false	GovernmentFinancialAidRvkdInd
Compliance With Rev Proc7550	Yes (true)	ComplianceWithRevProc7550Ind

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Form And Line ReferenceFormAndLineReferenceDesc	ExplanationExplanationTxt
Schedule E, Line 3	EXPLANATION OF NONDISCRIMINATION POLICY: LIBERTY UNIVERSITY DRAWS A SUBSTANTIAL PERCENTAGE OF ITS STUDENTS NATIONWIDE, AND FOLLOWS A RACIALLY NON-DISCRIMINATORY POLICY AS TO STUDENTS. THIS POLICY IS ONLINE WITH LINKS AT THE BOTTOM OF VIRTUALLY EVERY UNIVERSITY WEBPAGE AND IN ALL THE BROCHURES AND CATALOGS DEALING WITH ADMISSION AND SCHOLARSHIPS.
Schedule E, Line 6	EXPLANATION OF GOVERNMENT FINANCIAL AID: LIBERTY UNIVERSITY PROCESSES AND DISTRIBUTES FEDERAL AND STATE FINANCIAL AID IN THE FORM OF GRANTS, LOANS, AND SCHOLARSHIPS TO STUDENTS TO HELP WITH EDUCATION-RELATED EXPENSES. SUCH STUDENT FINANCIAL AID IS AWARDED ON THE BASIS OF FINANCIAL NEED BASED ON PRESCRIBED GOVERNMENTAL FORMULAS.

Schedule F IRS990ScheduleF

Account Activities Outside US AccountActivitiesOutsideUSGrp (7 entries)

RegionRegionTxt	EmployeeEmployeeCnt	Type Of Activities ConductedTypeOfActivitiesConductedTxt	Region Total ExpendituresRegionTotalExpendituresAmt	Specific Services ProvidedSpecificServicesProvidedTxt
Central America and the Caribbean	0	Investments	$44,743,350
South America	0	Program Services	$69,669	mission trip/study abr
Europe (Including Iceland and Greenland)	0	Program Services	$194,262	mission trip/study abr
Middle East and North Africa	0	Program Services	$62,881	mission trip/study abr
Sub-Saharan Africa	0	Program Services	$123,756	mission trip/study abr
Central America and the Caribbean	1	Program Services	$100	DISTANCE LEARNING
Europe (Including Iceland and Greenland)	2	Program Services	$70,320	DISTANCE LEARNING

Field	Value	IRS element (for citing)
Subtotal Offices	0	SubtotalOfficesCnt
Subtotal Employees	3	SubtotalEmployeesCnt
Total Office	0	TotalOfficeCnt
Total Employee	3	TotalEmployeeCnt
Subtotal Spent	$45,264,338	SubtotalSpentAmt
Total Spent	$45,264,338	TotalSpentAmt
Transfer To Foreign Corp	false	TransferToForeignCorpInd
Interest In Foreign Trust	false	InterestInForeignTrustInd
Foreign Corp Ownership	Yes (true)	ForeignCorpOwnershipInd
Passive Foreign Investmest Co	Yes (true)	PassiveForeignInvestmestCoInd
Foreign Partnership	Yes (true)	ForeignPartnershipInd
Boycott Countries	false	BoycottCountriesInd

Schedule G IRS990ScheduleG

Fundraising Event Information FundraisingEventInformationGrp

Field	Value	IRS element (for citing)
Event1	ATHLETIC GOLF	Event1Nm
Gross Receipts Event1	$38,275	GrossReceiptsEvent1Amt
Gross Revenue Event1	$38,275	GrossRevenueEvent1Amt
Non Cash Prizes Event1	$13,977	NonCashPrizesEvent1Amt
Rent Facility Costs Event1	$7,884	RentFacilityCostsEvent1Amt
Food And Beverage Event1	$2,442	FoodAndBeverageEvent1Amt
Other Direct Expenses Event1	$510	OtherDirectExpensesEvent1Amt
Other Events Total	0	OtherEventsTotalCnt
Gross Receipts Total	$38,275	GrossReceiptsTotalAmt
Gross Revenue Total Events	$38,275	GrossRevenueTotalEventsAmt
Non Cash Prizes Total Events	$13,977	NonCashPrizesTotalEventsAmt
Rent Fclty Costs Total Events	$7,884	RentFcltyCostsTotalEventsAmt
Food And Beverage Total Events	$2,442	FoodAndBeverageTotalEventsAmt
Oth Direct Expnss Total Events	$510	OthDirectExpnssTotalEventsAmt
Direct Expense Summary Events	$24,813	DirectExpenseSummaryEventsAmt
Net Income Summary	$13,462	NetIncomeSummaryAmt

Schedule I IRS990ScheduleI

Field	Value	IRS element (for citing)
Grant Records Maintained	Yes (true)	GrantRecordsMaintainedInd

Recipient Table RecipientTable (19 entries)

Address Line1USAddress/AddressLine1Txt	CityUSAddress/CityNm	State AbbreviationUSAddress/StateAbbreviationCd	ZIPUSAddress/ZIPCd	Recipient EINRecipientEIN	IRC SectionIRCSectionDesc	Cash GrantCashGrantAmt	Purpose Of GrantPurposeOfGrantTxt	Non Cash AssistanceNonCashAssistanceAmt	Valuation Method UsedValuationMethodUsedDesc	Non Cash AssistanceNonCashAssistanceDesc
Centra Health Foundation Inc
1920 Atherholt Rd	Lynchburg	VA	245011104	541604094	501(c)(3)	$25,285	community support
Concerned Women for America
1015 15th St NW	Washington	DC	200052619	953580834	501(c)(3)	$50,000	sponsorship of leadership summit
Friends of Lynchburg Public Library
2315 Memorial Ave	Lynchburg	VA	24501	546059813	501(c)(3)	$20,000	community support
Hope Partners International
300 Third Ave N	St Petersburg	FL	33701	237088912	501(c)(3)	$414,960	supportive Christian organization
Jubilee Family Development Center
1512 Florida Ave	Lynchburg	VA	245014112	541881948	501(c)(3)	$25,000	community support
Legacy College Inc
1218 Rivermont Ave	Lynchburg	VA	245011059	811162877	501(c)(3)	$50,000	community support
Lynchburg Beacon of Hope
2600 Memorial Ave	Lynchburg	VA	24502	453797831	501(c)(3)	$200,000	community support
Presbyterian Homes & Family Svcs
1903 Humankind Way	Lynchburg	VA	24503	540346118	501(c)(3)	$75,000	supportive Christian organization
Wylie Preparatory Academy
4110 Skyview Court	Wylie	TX	75098	752942442	501(c)(3)	$76,000	building fund
YWCA of Central Virginia
801 Wyndhurst Dr	Lynchburg	VA	245022550	540506490	501(c)(3)	$25,000	community support
Blue Ridge Pregnancy Center
3701 Old Forest Rd	Lynchburg	VA	24501	541912289	501(c)(3)	$10,000	supportive Christian organization
Liberty Christian Academy
100 Mountain View Rd	Lynchburg	VA	24502	540831546	501(c)(3)		supportive Christian organization	$15,412	FMV	2 vehicles
Thomas Road Baptist Church
1 Mountain View Dr	Lynchburg	VA	24502	260061907	501(c)(3)		supportive Christian organization	$643,753	FMV	5 veh./broadcasting
Hope Partners International
300 Third Ave N	St Petersburg	FL	33701	237088912	501(c)(3)		supportive Christian organization	$29,200	FMV	2 vehicles
Freedom Word Church
120 Cobblestone Dr	Lynchburg	VA	24502	473264096	501(c)(3)		supportive Christian organization	$18,000	FMV	vehicle
Grace Life Church
705 Lakeview Drive	Pineville	NC	28134	561184081	501(c)(3)		supportive Christian organization	$6,000	FMV	equipment
Plaza Baptist Church
3321 The Plaza	Charlotte	NC	28205	560844917	501(c)(3)		supportive Christian organization	$6,000	FMV	equipment
Biltmore Church
35 Clayton Rd	Arden	NC	28704	566090142	501(c)(3)		supportive Christian organization	$8,430	FMV	equipment
Liberty Counsel Inc
PO Box 540774	Orlando	FL	32854	592986294	501(c)(3)		supportive Christian organization	$588,191	Cost	Services

Field	Value	IRS element (for citing)
Total501c3 Org	19	Total501c3OrgCnt

Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp (3 entries)

Grant TypeGrantTypeTxt	RecipientRecipientCnt	Cash GrantCashGrantAmt
Missionary Assistance	37	$58,088
Benevolence	26	$58,155
Institutional Scholarships	102357	$310,048,935

Supplemental Information Detail SupplementalInformationDetail

Field	Value	IRS element (for citing)
Form And Line Reference	Part IV	FormAndLineReferenceDesc
Explanation	SCHEDULE I, PART I, LINE 2 DONATIONS ARE MADE TO NONPROFIT ORGANIZATIONS WHOSE PURPOSES ARE CONSISTENT WITH THE RELIGIOUS AND EDUCATIONAL PURPOSES OF LIBERTY UNIVERSITY. SCHEDULE I, PART III, COLUMN B GOVERNMENT FUNDED SCHOLARSHIPS FOR STUDENTS ARE MADE BASED ON FINANCIAL NEED AS PRESCRIBED BY FEDERAL AND STATE REGULATIONS. PRIVATE AND INSTITUTION FUNDED SCHOLARSHIPS ARE AWARDED BASED ON PROGRAM CRITERIA, WHICH INCLUDED SCHOLASTIC MERIT, ATHLETIC EXCELLENCE, ARTISTIC PERFORMANCE, FINANCIAL NEED, HIGH SCHOOL ATTENDED, AND FIELD WORKED.	ExplanationTxt

Schedule J IRS990ScheduleJ

Field	Value	IRS element (for citing)
First Class Or Charter Travel	Yes (X)	FirstClassOrCharterTravelInd
Travel For Companions	Yes (X)	TravelForCompanionsInd
Idemnification Gross Up Pmts	Yes (X)	IdemnificationGrossUpPmtsInd
Housing Allowance Or Residence	Yes (X)	HousingAllowanceOrResidenceInd
Club Dues Or Fees	Yes (X)	ClubDuesOrFeesInd
Personal Services	Yes (X)	PersonalServicesInd
Written Policy Ref T And E Expnss	Yes (true)	WrittenPolicyRefTAndEExpnssInd
Substantiation Required	Yes (true)	SubstantiationRequiredInd
Compensation Committee	Yes (X)	CompensationCommitteeInd
Written Employment Contract	Yes (X)	WrittenEmploymentContractInd
Compensation Survey	Yes (X)	CompensationSurveyInd
Board Or Committee Approval	Yes (X)	BoardOrCommitteeApprovalInd
Severance Payment	Yes (true)	SeverancePaymentInd
Supplemental Nonqual Rtr Plan	false	SupplementalNonqualRtrPlanInd
Equity Based Comp Arrngm	false	EquityBasedCompArrngmInd
Comp Based On Revenue Of Flng Org	false	CompBasedOnRevenueOfFlngOrgInd
Comp Bsd On Rev Related Orgs	false	CompBsdOnRevRelatedOrgsInd
Comp Bsd Net Earns Flng Org	false	CompBsdNetEarnsFlngOrgInd
Comp Bsd Net Earns Rltd Orgs	false	CompBsdNetEarnsRltdOrgsInd
Any Non Fixed Payments	Yes (true)	AnyNonFixedPaymentsInd
Initial Contract Exception	false	InitialContractExceptionInd

Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (26 entries)

TitleTitleTxt	Base Compensation Filing OrgBaseCompensationFilingOrgAmt	Compensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmt	Bonus Filing OrganizationBonusFilingOrganizationAmount	Bonus Related OrganizationsBonusRelatedOrganizationsAmt	Other Compensation Filing OrgOtherCompensationFilingOrgAmt	Other Compensation Rltd OrgsOtherCompensationRltdOrgsAmt	Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt	Deferred Comp Rltd OrgsDeferredCompRltdOrgsAmt	Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt	Nontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmt	Total Compensation Filing OrgTotalCompensationFilingOrgAmt	Total Compensation Rltd OrgsTotalCompensationRltdOrgsAmt	Comp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmt	Comp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt
Pastor Jonathan Falwell
Trustee/Campus Pastor	$200,000	$0	$9,510	$0	$0	$0	$0	$0	$0	$0	$209,510	$0	$0	$0
Dr Jerry Prevo
Trustee/President	$561,658	$0	$333,333	$0	$122,253	$0	$26,000	$0	$5,033	$0	$1,048,277	$0	$0	$0
Dr Shawn Akers
Online Provost	$204,150	$0	$3,000	$0	$33,407	$0	$10,005	$0	$147	$0	$250,709	$0	$0	$0
Mr Daniel Applewhite
Deputy Gen. Counsel/Asst. Secy	$210,951	$0	$18,945	$0	$1,036	$0	$11,053	$0	$13,091	$0	$255,076	$0	$0	$0
Mr David Corry
General Counsel/Secretary	$387,685	$0	$70,800	$0	$1,205	$0	$19,625	$0	$12,413	$0	$491,728	$0	$0	$0
Mrs Cindy Gaebe
SVP of Fin.& Chief Invest Off.	$235,031	$0	$49,000	$0	$1,205	$0	$0	$0	$12,413	$0	$297,649	$0	$0	$0
Mr Don Moon
SVP of Fin. & Invest Mgmt	$231,629	$0	$21,035	$0	$904	$0	$11,604	$0	$4,957	$0	$270,129	$0	$0	$0
Dr Scott Hicks
Provost & Chief Academic Off.	$337,890	$0	$9,510	$0	$26,836	$0	$16,930	$0	$291	$0	$391,457	$0	$0	$0
Dr Robert Ritz
Chief Fin. Officer/Treasurer	$404,848	$0	$33,000	$0	$1,205	$0	$18,750	$0	$13,091	$0	$470,894	$0	$0	$0
Mr Daniel Deter
VP of Major Construction	$220,422	$0	$22,200	$0	$14,922	$0	$11,250	$0	$12,413	$0	$281,207	$0	$0	$0
Mr John Gauger
Chief Information Officer	$244,235	$0	$22,960	$0	$904	$0	$12,475	$0	$12,413	$0	$292,987	$0	$0	$0
Dr Lawrence Hine
Senior VP of Student Affairs	$198,689	$0	$17,000	$0	$549	$0	$10,000	$0	$9,618	$0	$235,856	$0	$0	$0
Mr Ronald Kennedy
EVP for Enrollment & Marketing	$321,445	$0	$152,000	$0	$74	$0	$15,000	$0	$12,413	$0	$500,932	$0	$0	$0
Mr Ian McCaw
Director of Athletics	$625,424	$0	$192,592	$0	$10,205	$0	$26,000	$0	$13,091	$0	$867,312	$0	$0	$0
Mr David Nasser
Sr. VP for Spiritual Developmt	$479,116	$0	$100,000	$0	$13,457	$0	$7,708	$0	$5,306	$0	$605,587	$0	$0	$0
Mr Charles Spence
Senior VP of Facilities Mgmt	$217,378	$0	$21,325	$0	$11,392	$0	$11,453	$0	$10,098	$0	$271,646	$0	$0	$0
Ms Laura Wallace
EVP for Human Resources	$308,748	$0	$27,000	$0	$479	$0	$15,000	$0	$4,957	$0	$356,184	$0	$0	$0
Mr Glenn Clary
EVP of Strategic P'ships	$135,500	$0	$27,400	$0	$22,021	$0	$6,000	$0	$4,442	$0	$195,363	$0	$0	$0
Mr Shon Muldrow
EVP of Inclusion, Divers & Eqy	$241,328	$0	$29,195	$0	$1,554	$0	$12,500	$0	$12,914	$0	$297,491	$0	$0	$0
Mr Danny H Freeze Jr
Head Coach - Football	$2,990,510	$0	$315,000	$0	$116,927	$0	$26,000	$0	$12,797	$0	$3,461,234	$0	$0	$0
Mr Ritchie L McKay
Head Coach - Basketball	$1,099,809	$0	$157,250	$0	$71,886	$0	$26,000	$0	$13,091	$0	$1,368,036	$0	$0	$0
Mr Scott L Symons
Linebacker Coach	$399,624	$0	$53,292	$0	$9,371	$0	$18,397	$0	$12,118	$0	$492,802	$0	$0	$0
Mr Richard K Austin
Tight Ends Coach	$313,346	$0	$77,080	$0	$9,240	$0	$16,250	$0	$12,619	$0	$428,535	$0	$0	$0
Mr Mark F Horstemeyer
Dean, School of Engineering	$338,301	$0	$8,510	$0	$19,316	$0	$17,500	$0	$12,797	$0	$396,424	$0	$0	$0
Mr Chris Johnson
Former Key Employee	$117,533	$0	$9,000	$0	$549	$0	$5,000	$0	$12,619	$0	$144,701	$0	$0	$0
Mr Craig Pettit
VP of Real Estate Management	$201,386	$0	$75,720	$0	$1,036	$0	$9,788	$0	$12,264	$0	$300,194	$0	$0	$0

Supplemental Information Detail SupplementalInformationDetail (4 entries)

Form And Line ReferenceFormAndLineReferenceDesc	ExplanationExplanationTxt
PART I, LINE 1A:	TYPE OF BENEFIT: FIRST-CLASS OR CHARTER TRAVEL LISTED PERSON WHO RECEIVED THE BENEFIT: TRUSTEES, OFFICERS, KEY AND HIGHLY COMPENSATED WAS THE BENEFIT TREATED AS TAXABLE TO LISTED PERSON? FOR BUSINESS TRAVEL THE AMOUNT IS NEITHER REIMBURSED NOR IS TAXABLE; PERSONAL TRAVEL IS EITHER REIMBURSED OR TREATED AS A TAXABLE BENEFIT TYPE OF BENEFIT: TRAVEL FOR COMPANIONS LISTED PERSON WHO RECEIVED THE BENEFIT: TRUSTEES, OFFICERS, KEY AND HIGHLY COMPENSATED WAS THE BENEFIT TREATED AS TAXABLE TO THE LISTED PERSON? IF COMPANION HAD A BUSINESS PURPOSE, THE AMOUNT IS NEITHER REIMBURSED NOR TAXABLE. IF COMPANION DOES NOT HAVE A BUSINESS PURPOSE, THE AMOUNT IS EITHER REIMBURSED OR IS TREATED AS A TAXABLE BENEFIT TYPE OF BENEFIT: TAX INDEMNIFICATION AND GROSS-UP PAYMENTS LISTED PERSON WHO RECEIVED THE BENEFIT: PRESIDENT OF THE UNIVERSITY AND EVP OF INCLUSION, EQUITY AND DIVERSITY WAS THE BENEFIT TREATED AS TAXABLE TO LISTED PERSON? THE AMOUNT IS TREATED AS TAXABLE COMPENSATION TYPE OF BENEFIT: HOUSING ALLOWANCE LISTED PERSON WHO RECEIVED THE BENEFIT: PRESIDENT, EVP OF INCLUSION, EQUITY AND DIVERSITY, SR. VP OF SPIRITUAL DEVELOPMENT, AND VP OF MAJOR CONSTRUCTION WAS THE BENEFIT TREATED AS TAXABLE TO THE LISTED PERSON? THE AMOUNT IS TREATED AS TAXABLE COMPENSATION UNLESS EXCLUDED UNDER THE INTERNAL REVENUE CODE TYPE OF BENEFIT: HEALTH OR SOCIAL CLUB DUES LISTED PERSON WHO RECEIVED THE BENEFIT: HEAD COACH - FOOTBALL WAS THE BENEFIT TREATED AS TAXABLE TO LISTED PERSON? THE AMOUNT IS TREATED AS TAXABLE COMPENSATION TYPE OF BENEFIT: PERSONAL SERVICES LISTED PERSON WHO RECEIVED THE BENEFIT: PRESIDENT OF THE UNIVERSITY WAS THE BENEFIT TREATED AS TAXABLE TO LISTED PERSON? THE AMOUNT IS EITHER REIMBURSED OR TREATED AS TAXABLE COMPENSATION
PART I, LINE 3:	COMPENSATION OF THE PRESIDENT AND OTHER OFFICERS AND KEY EMPLOYEES ARE REVIEWED ANNUALLY BY THE EXECUTIVE COMMITTEE. COMPARABLE SALARY DATA IS REVIEWED WHEN SALARIES ARE SET AND ADJUSTED TO DETERMINE THE REASONABLENESS OF THE COMPENSATION.
Part I, Line 4a:	DAVID NASSER RECEIVED A SEVERANCE PAYMENT IN THE AMOUNT OF $400,000.
Part I, Line 7:	CERTAIN EMPLOYEES AS DISCLOSED IN PART VII AND SCHEDULE J RECEIVE BONUS PAYMENTS WHICH WOULD QUALIFY AS NON-FIXED PAYMENTS. THE AMOUNTS OF SUCH BONUSES ARE APPROVED BY EXECUTIVE LEADERSHIP OF THE ORGANIZATION IN SUCH A WAY TO ENSURE REASONABLE COMPENSATION AND AVOID CONFLICTS OF INTEREST. ALL SUCH PAYMENTS ARE REFLECTED IN THE EMPLOYEE'S W-2.

Schedule L IRS990ScheduleL

Loans Btwn Org Interested Prsn LoansBtwnOrgInterestedPrsnGrp (6 entries)

Relationship With OrgRelationshipWithOrgTxt	Loan PurposeLoanPurposeTxt	Loan From OrganizationLoanFromOrganizationInd	Original PrincipalOriginalPrincipalAmt	Balance DueBalanceDueAmt	DefaultDefaultInd	Board Or Committee ApprovalBoardOrCommitteeApprovalInd	Written AgreementWrittenAgreementInd
Falwell Family GST Irrevoc Trust
35% Controlled Entity of Jerry Falwell, Jr.	split dollar premium	Yes (X)	$486,566	$497,820	false	Yes (true)	Yes (true)
Jerry Falwell Jr
Former President	Excess Bene Receivab	Yes (X)	$1,188,750	$1,179,663	Yes (true)	false	false
Charles Wesley Falwell
Son of Former President	Excess Bene Receivab	Yes (X)	$80,622	$80,622	Yes (true)	false	false
Sarah Falwell
Daughter-in-Law of Former President	Excess Bene Receivab	Yes (X)	$106,461	$91,461	Yes (true)	false	false
Laura Falwell
Daughter-in-Law of Former President	Excess Bene Receivab	Yes (X)	$85,504	$85,504	Yes (true)	false	false
Estate of Macel Falwell
Estate of Founder's Wife	Excess Bene Receivab	Yes (X)	$38,440	$38,440	Yes (true)	false	false

Field	Value	IRS element (for citing)
Total Balance Due	$1,973,510	TotalBalanceDueAmt

Grnt Asst Bnft Interested Prsn GrntAsstBnftInterestedPrsnGrp

Field	Value	IRS element (for citing)
Person	NONE	PersonNm
Relationship With Org	NONE	RelationshipWithOrgTxt
Cash Grant	$454,212	CashGrantAmt
Type Of Assistance	grants to family of board	TypeOfAssistanceTxt
Assistance Purpose	to have comparable	AssistancePurposeTxt

Bus Tr Involve Interested Prsn BusTrInvolveInterestedPrsnGrp (42 entries)

Relationship DescriptionRelationshipDescriptionTxt	TransactionTransactionAmt	TransactionTransactionDesc	Sharing Of RevenuesSharingOfRevenuesInd
Dan Deter
key employee	$100,839	LAND PURCH FROM & RENT PD TO L	false
Bernette Beckles
Wife of Board Member	$35,400	compensation	false
Vickey Jaynes
Sister of Officer	$134,697	compensation	false
Dr Elmer Towns
Co-founder	$119,410	compensation	false
Nastaran Morgan
sister of key employee	$55,454	compensation	false
Jamye Tickle
Daughter of Board Member	$32,900	compensation	false
Vincent Todd Tickle
Son in Law of Board Member	$87,831	compensation	false
Laura Falwell
Daughter in Law of Former President	$73,921	compensation	false
Charles Wesley Falwell
Son of Former President	$62,182	compensation	false
Carol Prevo
Wife of Officer	$53,574	compensation	false
Dr John Gauger
father of key employee	$12,729	compensation	false
Paige Falwell
Daughter-in-Law of Board Member	$33,244	compensation	false
Jonathan Wallace
Son of Key Employee	$59,469	compensation	false
Jessica Smith
Daughter of Key Employee	$33,194	compensation	false
Brandon Elrod
Son in law of Key Employee	$43,685	compensation	false
Emily Hine Elrod
Daughter of Key Employee	$63,654	compensation	false
Virginia Dow
Sister in Law of Officer	$114,347	compensation	false
Scott Hawkins
Son of a Former Officer	$170,361	compensation	false
Dawson Kennedy
Son of Key Employee	$15,304	compensation	false
Jennifer Kennedy
Wife of Key Employee	$68,600	compensation	false
Peyton Kennedy
Daughter of Key Employee	$10,186	compensation	false
Tonia Kennedy
sister in law of key employee	$165,389	compensation	false
Melanie Hicks
wife of officer	$225,092	compensation	false
Christopher Hicks
brother of officer	$44,460	compensation	false
Marcus Akers
son of officer	$50,392	compensation	false
Deidre Akers
daughter-in-law of officer	$48,124	compensation	false
Shanna Akers
wife of officer	$220,800	compensation	false
EDWARD BARNHOUSE
SON IN LAW OF KEY EMPLOYEE	$71,700	compensation	false
ANDREA PARKER
RELATED TO BOARD MEMBER	$28,400	compensation	false
PHILLIP MCFARLAND
RELATED TO BOARD MEMBER	$17,150	compensation	false
BROCK BENSON
RELATED TO FMR BOARD MEMBER	$31,600	compensation	false
SUBSTANTIAL CONTRIBUTOR
SUBSTANTIAL CONTRIBUTOR	$107,691	construction svcs	false
SUBSTANTIAL CONTRIBUTOR
SUBSTANTIAL CONTRIBUTOR	$874,383	fuel services	false
SUBSTANTIAL CONTRIBUTOR
SUBSTANTIAL CONTRIBUTOR	$411,007	construction svcs	false
SUBSTANTIAL CONTRIBUTOR
SUBSTANTIAL CONTRIBUTOR	$1,711,897	legal services	false
SUBSTANTIAL CONTRIBUTOR
SUBSTANTIAL CONTRIBUTOR	$5,781,544	INVESTMENT MANAGEMENT SVCS	false
SUBSTANTIAL CONTRIBUTOR
SUBSTANTIAL CONTRIBUTOR	$572,993	construction svcs	false
SUBSTANTIAL CONTRIBUTOR
SUBSTANTIAL CONTRIBUTOR	$12,658,086	construction svcs	false
SUBSTANTIAL CONTRIBUTOR
SUBSTANTIAL CONTRIBUTOR	$12,340,452	construction svcs	false
SUBSTANTIAL CONTRIBUTOR
SUBSTANTIAL CONTRIBUTOR	$102,821	construction svcs	false
SUBSTANTIAL CONTRIBUTOR
SUBSTANTIAL CONTRIBUTOR	$102,288	REPAIRS & MAINTENANCE	false
RELATED TO SUBSTANTIAL CONTRIBUTOR
RELATED TO SUBSTANTIAL CONTRIBUTOR	$138,094	PURCHASE OF SUPPLIES	false

Schedule M IRS990ScheduleM

Field	Value	IRS element (for citing)
Works Of Art		WorksOfArtGrp
Art Historical Treasures		ArtHistoricalTreasuresGrp
Art Fractional Interest		ArtFractionalInterestGrp
Books And Publications		BooksAndPublicationsGrp

Clothing And Household Goods ClothingAndHouseholdGoodsGrp

Field	Value	IRS element (for citing)
Non Cash Checkbox	Yes (X)	NonCashCheckboxInd
Noncash Contributions Rpt F990	$11,050	NoncashContributionsRptF990Amt
Method Of Determining Revenues	FMV	MethodOfDeterminingRevenuesTxt

Field	Value	IRS element (for citing)
Cars And Other Vehicles		CarsAndOtherVehiclesGrp
Boats And Planes		BoatsAndPlanesGrp
Intellectual Property		IntellectualPropertyGrp

Securities Publicly Traded SecuritiesPubliclyTradedGrp

Field	Value	IRS element (for citing)
Non Cash Checkbox	Yes (X)	NonCashCheckboxInd
Contribution	6	ContributionCnt
Noncash Contributions Rpt F990	$263,221	NoncashContributionsRptF990Amt
Method Of Determining Revenues	FMV	MethodOfDeterminingRevenuesTxt

Field	Value	IRS element (for citing)
Securities Closely Held Stock		SecuritiesCloselyHeldStockGrp
Secur Prtnrshp Trust Intrsts		SecurPrtnrshpTrustIntrstsGrp
Securities Miscellaneous		SecuritiesMiscellaneousGrp
Qualified Contrib Hist Struct		QualifiedContribHistStructGrp
Qualified Contrib Other		QualifiedContribOtherGrp
Real Estate Residential		RealEstateResidentialGrp
Real Estate Commercial		RealEstateCommercialGrp

Real Estate Other RealEstateOtherGrp

Field	Value	IRS element (for citing)
Non Cash Checkbox	Yes (X)	NonCashCheckboxInd
Contribution	1	ContributionCnt
Noncash Contributions Rpt F990	$511,008	NoncashContributionsRptF990Amt
Method Of Determining Revenues	FMV	MethodOfDeterminingRevenuesTxt

Field	Value	IRS element (for citing)
Collectibles		CollectiblesGrp
Food Inventory		FoodInventoryGrp
Drugs And Medical Supplies		DrugsAndMedicalSuppliesGrp
Taxidermy		TaxidermyGrp
Historical Artifacts		HistoricalArtifactsGrp
Scientific Specimens		ScientificSpecimensGrp
Archaeological Artifacts		ArchaeologicalArtifactsGrp

Other Non Cash Contri Table OtherNonCashContriTableGrp (2 entries)

Non Cash CheckboxNonCashCheckboxInd	DescDesc	ContributionContributionCnt	Noncash Contributions Rpt F990NoncashContributionsRptF990Amt	Method Of Determining RevenuesMethodOfDeterminingRevenuesTxt
Yes (X)	Horses	3	$189,900	FMV
Yes (X)	Equipment	2	$14,703	FMV

Field	Value	IRS element (for citing)
Form8283 Received	4	Form8283ReceivedCnt
Any Property That Must Be Held	false	AnyPropertyThatMustBeHeldInd
Review Process Unusual NC Gifts	Yes (true)	ReviewProcessUnusualNCGiftsInd
Third Parties Used	false	ThirdPartiesUsedInd

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (9 entries)

Form And Line ReferenceFormAndLineReferenceDesc	ExplanationExplanationTxt
FORM 990, PART 1, LINE 1, DESCRIPTION OF ORGANIZATION MISSION:	LIBERTY UNIVERSITY, INC. IS A DISTINCTIVELY CHRISTIAN ACADEMIC COMMUNITY, WITH A MISSION OF PROVIDING QUALITY COLLEGIATE EDUCATION TRAINING CHAMPIONS FOR CHRIST.
FORM 990, PART VI, SECTION A, LINE 1A:	THE EXECUTIVE COMMITTEE OF THE BOARD IS THE GOVERNING BODY OF THE ORGANIZATION BETWEEN BOARD MEETINGS WITH POWERS TO DO EVERYTHING THE BOARD CAN DO, EXCEPT CHANGE COMPOSITION OF ANY STANDING COMMITTEE; ADD OR REMOVE TRUSTEES; ESTABLISH BOARD POLICY; CHANGE ARTICLES OF INCORPORATION OR BYLAWS; ADOPT COMPENSATION FOR BOARD OR COMMITTEE SERVICE; AND HIRE OR TERMINATE THE PRESIDENT.
FORM 990, PART VI, SECTION A, LINE 2:	MR. JEFFREY F. BENSON AND MRS. GAYE OVERTON BENSON CURRENTLY SIT ON THE BOARD OF TRUSTEES AND ARE HUSBAND AND WIFE. BOARD MEMBERS HARVEY GAINEY AND ANGELA JORDAN ARE FATHER/DAUGHTER. BOARD MEMBERS DAVID RHODENHIZER AND CHRIS RHODENHIZER ARE FATHER/SON. BOARD MEMBERS GILBERT TINNEY AND WILL TINNEY ARE FATHER/SON.
FORM 990, PART VI, SECTION B, LINE 11B:	FORM 990 FOR FY JUNE 30, 2022 WAS PROVIDED BEFORE FILING TO THE PRESIDENT, CHIEF FINANCIAL OFFICER, IN-HOUSE LEGAL COUNSEL AND THE BOARD OF TRUSTEES FOR REVIEW.
FORM 990, PART VI, SECTION B, LINE 12C:	THE UNIVERSITY HAS ADOPTED A POLICY OF CONFLICTS OF INTEREST FOR TRUSTEES. THE SECRETARY IS RESPONSIBLE FOR DISTRIBUTING AND COLLECTING SIGNED DISCLOSURE STATEMENTS AT THE TIME A TRUSTEE IS FIRST ELECTED, ANNUALLY, AND AT THE TIME A TRUSTEE BECOMES AWARE OF A POTENTIAL CONFLICT. AFTER RECEIVING DISCLOSURES FROM THE TRUSTEES, THE SECRETARY WILL SUMMARIZE THE MATERIAL INFORMATION CONTAINED IN THE DISCLOSURE STATEMENTS OR OTHER DISCLOSURE AND DELIVER A REPORT TO THE AUDIT COMMITTEE AND THE GENERAL COUNSEL. THE RESOLUTION OF ANY CONFLICT OR PERCEIVED CONFLICT THAT IS IDENTIFIED BY THE SECRETARY WILL BE DETERMINED BY THE AUDIT COMMITTEE OR, UPON THE REFERRAL BY THE AUDIT COMMITTEE OR THE CHAIRMAN OF THE AUDIT COMMITTEE, BY THE BOARD OF TRUSTEES. THE GENERAL COUNSEL WILL ADVISE ON ANY LEGAL REQUIREMENTS ARISING FROM ANY ACTUAL OR APPARENT CONFLICT OF INTEREST, INCLUDING THOSE SITUATIONS WHERE IT WOULD BE APPROPRIATE OR REQUIRED FOR THE TRUSTEE TO RECUSE HIM OR HERSELF FROM BOARD DELIBERATIONS OR VOTES. TO THE EXTENT ANY ACTUAL OR APPARENT CONFLICT OF INTEREST INVOLVES A TRANSACTION UNDER CONSIDERATION BY THE BOARD OF TRUSTEES OR A COMMITTEE OF THE BOARD, THE TRUSTEE'S INTEREST MUST BE DISCLOSED AND KNOWN TO THE BOARD OR THE APPLICABLE COMMITTEE PRIOR TO THE AUTHORIZATION, APPROVAL OR RATIFICATION OF THE TRANSACTION. THE UNIVERSITY HAS ADOPTED A POLICY OF CONFLICTS OF INTEREST AND COMMITMENT FOR SENIOR OFFICERS AND EXECUTIVES. THE SECRETARY IS RESPONSIBLE FOR DISTRIBUTING THE DISCLOSURE STATEMENTS AND COLLECTING SIGNED DISCLOSURE STATEMENTS AT THE TIME A SENIOR OFFICER OR EXECUTIVE IS FIRST APPOINTED OR HIRED. ANNUALLY, THE SECRETARY WILL DISSEMINATE AND PROVIDE ANNUAL DISCLOSURE STATEMENTS TO ALL SENIOR OFFICERS AND EXECUTIVES. AFTER RECEIVING DISCLOSURES FROM THE SENIOR OFFICERS AND EXECUTIVES, THE SECRETARY WILL SUMMARIZE THE MATERIAL INFORMATION CONTAINED IN THE DISCLOSURE STATEMENTS OR OTHER DISCLOSURE AND TIMELY DELIVER A REPORT TO THE PRESIDENT OF THE UNIVERSITY, THE CHIEF FINANCIAL OFFICER AND THE AUDIT COMMITTEE. THE RESOLUTION OF ANY ACTUAL OR PERCEIVED CONFLICT OF INTEREST THAT IS IDENTIFIED BY THE SECRETARY WILL BE DETERMINED BY THE PRESIDENT, CHANCELLOR OF SPIRITUAL AFFAIRS, CHIEF FINANCIAL OFFICER OR INTERNAL AUDITOR WILL BE DETERMINED IN CONSULTATION WITH THE CHAIRMAN OF THE AUDIT COMMITTEE AND SUBJECT TO THE APPROVAL OF THE AUDIT COMMITTEE OR BOARD OF TRUSTEES.
FORM 990, PART VI, SECTION B, LINE 15 A & B:	THE EXECUTIVE COMMITTEE HAS THE RESPONSIBILITY ON BEHALF OF THE BOARD OF TRUSTEES TO ANNUALLY REVIEW THE COMPENSATION AND BENEFITS OF THE PRESIDENT, CHANCELLOR OF SPIRITUAL AFFAIRS AND OTHER OFFICERS AND KEY EMPLOYEES OF THE UNIVERSITY. CONSULTANTS AND EXPERTS ARE ENGAGED AS THE EXECUTIVE COMMITTEE DETERMINES APPROPRIATE.
FORM 990, PART VI, SECTION C, LINE 19:	LIBERTY UNIVERSITY DOES NOT MAKE ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, OR FINANCIAL STATEMENTS AVAILABLE FOR PUBLIC INSPECTION. HOWEVER, SOME DOCUMENTS MAY BE AVAILABLE IN THE PUBLIC RECORD AND/OR ON THE INTERNET. FOR EXAMPLE, LIBERTY UNIVERSITY'S CONFLICT OF INTEREST POLICIES ARE AVAILABLE ON ITS WEBSITE, LIBERTY UNIVERSITY'S ARTICLES OF INCORPORATION ARE FILED WITH THE VIRGINIA STATE CORPORATION COMMISSION AND THE AUDITED FINANCIAL STATEMENTS ARE AVAILABLE ON THE DAC BOND WEBSITE.
FORM 990, PART VII, section a, line (b) average hours per week	BOARD MEMBERS CONTRIBUTE THEIR TIME AND SERVICES UPON REQUEST AND ON AS NEEDED BASIS, WHICH, THROUGHOUT THE YEAR, MAY DIFFER FROM THE AVERAGE NUMBER OF HOURS PER WEEK.
Form 990, Part XI, Line 9, CHANGES IN NET ASSETS:	CHANGE IN SPLIT INTEREST AGREEMENT (8,074,337)

Schedule R IRS990ScheduleR

Id Disregarded Entities IdDisregardedEntitiesGrp (40 entries)

Address Line1USAddress/AddressLine1Txt	CityUSAddress/CityNm	State AbbreviationUSAddress/StateAbbreviationCd	ZIPUSAddress/ZIPCd	EINEIN	Primary ActivitiesPrimaryActivitiesTxt	Legal Domicile StateLegalDomicileStateCd	Total IncomeTotalIncomeAmt	End Of Year AssetsEndOfYearAssetsAmt	Business Name Line1DirectControllingEntityName/BusinessNameLine1Txt
4400 Campbell Avenue LLC
1971 University Blvd	Lynchburg	VA	24515	540946734	REAL ESTATE	VA	$0	$226,210	Liberty Univ
4414 Campbell Avenue LLC
1971 University Blvd	Lynchburg	VA	24515	540946734	REAL ESTATE	VA	$0	$225,683	Liberty Univ
4420 Campbell Avenue LLC
1971 University Blvd	Lynchburg	VA	24515	540946734	REAL ESTATE	VA	$0	$31,649	Liberty Univ
4132 Richmond Highway LLC
1971 University Blvd	Lynchburg	VA	24515	540946734	REAL ESTATE	VA	$11,240	$478,079	Liberty Univ
4180 Richmond Highway LLC
1971 University Blvd	Lynchburg	VA	24515	540946734	REAL ESTATE	VA	$19,200	$806,224	Liberty Univ
4228 Richmond Highway LLC
1971 University Blvd	Lynchburg	VA	24515	540946734	REAL ESTATE	VA	$0	$285,114	Liberty Univ
4306 Richmond Highway LLC
1971 University Blvd	Lynchburg	VA	24515	540946734	Real Estate	VA	$0	$420,396	Liberty Univ
4500 Richmond Highway LLC
1971 University Blvd	Lynchburg	VA	24515	540946734	REAL ESTATE	VA	$0	$113,499	Liberty Univ
Holcomb Path LLC
1971 University Blvd	Lynchburg	VA	24515	540946734	Real Estate	VA	$0	$61,383	Liberty Univ
747 River Road LLC
1971 University Blvd	Lynchburg	VA	24515	540946734	Real Estate	VA	-$567	$60,908	Liberty Univ
Airport Plaza Holdings LLC
1971 University Blvd	Lynchburg	VA	24515	471347963	Real Estate	VA	$550,559	$8,197,737	Liberty Univ
Burton Realty I LLC
1971 University Blvd	Lynchburg	VA	24515	540946734	REAL ESTATE	VA	$39,762	$3,661,000	Liberty Univ
Burton Realty II LLC
1971 University Blvd	Lynchburg	VA	24515	540946734	Real Estate	VA	$41,454	$3,816,787	Liberty Univ
Burton Realty III LLC
1971 University Blvd	Lynchburg	VA	24515	540946734	Real Estate	VA	$846	$77,894	Liberty Univ
Burton Realty IV LLC
1971 University Blvd	Lynchburg	VA	24515	540946734	REAL ESTATE	VA	$846	$77,894	Liberty Univ
Burton Realty V LLC
1971 University Blvd	Lynchburg	VA	24515	540946734	Real estate	VA	$846	$77,894	Liberty Univ
Burton Realty VI LLC
1971 University Blvd	Lynchburg	VA	24515	540946734	REAL ESTATE	VA	$846	$77,894	Liberty Univ
C & C Aviation LLC
1971 University Blvd	Lynchburg	VA	24515	540946734	Univ. Travel	VA	$0	$11,920,796	Liberty Univ
Crossroads Investments LLC
1971 University Blvd	Lynchburg	VA	24515	473991939	REAL ESTATE	VA	-$145,749	$829,641	Liberty Univ
Currus Holdings LLC
1971 University Blvd	Lynchburg	VA	24515	841924710	REAL ESTATE	VA	-$226,497	$5,113,777	Liberty Univ
Eleanor's Bench LLC
1971 University Blvd	Lynchburg	VA	24515	540946734	Student Prod	VA	$0	$0	Liberty Univ
Ivy Hill Recreation LLC
1971 University Blvd	Lynchburg	VA	24515	460903360	Student Rec	VA	$0	$0	Liberty Univ
Jerry Falwell Ministries LLC
1971 University Blvd	Lynchburg	VA	24515	832633425	Donations	VA	$27	$40,583	Liberty Univ
Collaborative Health Partners LLC (LHS
1971 University Blvd	Lynchburg	VA	24515	475575947	health svcs	VA	$12,110,559	$22,226,002	Liberty Univ
MD Resource LLC
1111 Corporate Park Dr Ste D	Forest	VA	24551	541836561	Office Svcs	VA	$0	$0	Liberty Univ
Legacy CHP of Virginia LLC
1111 Corporate Park Dr Ste D	Forest	VA	24551	464914763	Office Svcs	VA	$0	$0	Liberty Univ
Liberty Motion Pictures LLC
1971 University Blvd	Lynchburg	VA	24515	465653798	Student Prod	VA	$0	$11,899	Liberty Univ
Liberty Mountain Medical Group LLC
1971 University Blvd	Lynchburg	VA	24515	472935244	health serv	VA	$1,429,245	$2,495,347	Liberty Univ
Liberty Ridge LLC
1971 University Blvd	Lynchburg	VA	24515	270714028	Real Estate	VA	$285,663	$8,850,058	Liberty Univ
LU Candler's Mountain Road Holdings LLC
1971 University Blvd	Lynchburg	VA	24515	540946734	Real Estate	VA	$7,500	$6,108,555	Liberty Univ
LU Candlers Station Holdings LLC
1971 University Blvd	Lynchburg	VA	24515	271753489	Real estate	VA	$2,197,416	$13,920,303	Liberty Univ
LU Plaza Holdings LLC
1971 University Blvd	Lynchburg	VA	24515	270217985	Real Estate	VA	$2,409,429	$15,797,878	Liberty Univ
LU Wards Road Center Holdings LLC
1971 University Blvd	Lynchburg	VA	24515	825392968	Real Estate	VA	$773,396	$7,160,880	Liberty Univ
LUCOM Graduate Medical Education Service
1971 University Blvd	Lynchburg	VA	24515	831769271	Med Education	VA	$0	$0	Liberty Univ
Morning Star Broadcasting LLC
1971 University Blvd	Lynchburg	VA	24515	463731118	TV Broadcast	VA	$0	$466,013	Liberty Univ
Philanthropy Lynchburg LLC
1971 University Blvd	Lynchburg	VA	24515	364962693	RETAIL SALES	VA	$1,105,315	$1,182,879	LIBERTY UNIV
Red Tie Music LLC
1971 University Blvd	Lynchburg	VA	24515	461340766	Student Publi	VA	$56,486	$226,591	LIBERTY UNIV
River Ridge Mall JV LLC
1971 University Blvd	Lynchburg	VA	24515	811762010	REAL ESTATE	VA	$8,284,515	$72,313,956	LIBERTY UNIV
Vertical Ventures LLC
1971 University Blvd	Lynchburg	VA	24515	540946734	TELECOM ASSET	VA	$0	$0	LIBERTY UNIV
CFA-Wards Road LLC
1971 University Blvd	Lynchburg	VA	24515	540946734	real estate	VA	$0	$0	Liberty Univ

Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp (6 entries)

Address Line1USAddress/AddressLine1Txt	CityUSAddress/CityNm	State AbbreviationUSAddress/StateAbbreviationCd	ZIPUSAddress/ZIPCd	EINEIN	Primary ActivitiesPrimaryActivitiesTxt	Legal Domicile StateLegalDomicileStateCd	Exempt Code SectionExemptCodeSectionTxt	Public Charity StatusPublicCharityStatusTxt	Business Name Line1DirectControllingEntityName/BusinessNameLine1Txt	Controlled OrganizationControlledOrganizationInd
THOMAS ROAD BAPTIST CHURCH CORPORATION
1 Mountain View Dr	Lynchburg	VA	24502	260061907	Religious	VA	501(C)(3)	line 1	Board of Dea	false
Old Time Gospel Hour
1971 University Blvd	Lynchburg	VA	24515	237293001	Religious	VA	501(C)(3)	line 10	Liberty Univ	Yes (true)
Liberty University Foundation
1971 University Blvd	Lynchburg	VA	24515	541939910	Religious	DC	501(C)(3)	line 10	Liberty Univ	Yes (true)
Liberty Christian Academy
3701 Candlers Mtn Road	Lynchburg	VA	24502	540831546	Education	VA	501(C)(3)	line 2	Liberty Univ	Yes (true)
Liberty University Endowment Trust
1971 University Blvd	Lynchburg	VA	24515	541851119	Religious	VA	501(C)(3)	line 12	Liberty Univ	Yes (true)
Liberty Broadcasting Network Inc
1971 University Blvd	Lynchburg	VA	24515	541381866	Religious	VA	501(C)(3)	line 10	Liberty Univ	Yes (true)

Id Related Org Txbl Partnership IdRelatedOrgTxblPartnershipGrp (10 entries)

Address Line1USAddress/AddressLine1Txt	CityUSAddress/CityNm	State AbbreviationUSAddress/StateAbbreviationCd	ZIPUSAddress/ZIPCd	EINEIN	Primary ActivitiesPrimaryActivitiesTxt	Legal Domicile StateLegalDomicileStateCd	Business Name Line1DirectControllingEntityName/BusinessNameLine1Txt	Predominant Income TypePredominantIncomeTypeTxt	Share Of Total IncomeShareOfTotalIncomeAmt	Share Of EOY AssetsShareOfEOYAssetsAmt	Disproportionate AllocationsDisproportionateAllocationsInd	UBI Code VUBICodeVAmt	General Or Managing PartnerGeneralOrManagingPartnerInd	OwnershipOwnershipPct
Permanens Capital Defensive Income Fund
410 Park Ave	New York	NY	10022	383945161	Investing	DE	Permanens Assoc	excluded	$9,439,520	$178,566,728	false	$0	false	0.70340
Permanens Alternative Fund LP
410 Park Ave	New York	NY	10022	820801083	Investing	DE	Permanens Assoc	excluded	$8,811,519	$177,123,620	false	$885,474	false	0.74450
Permanens Capital Equities Fund LP
410 Park Ave	New York	NY	10022	454748424	Investing	DE	Permanens Assoc	excluded	$16,304,455	$124,835,063	false	$0	false	0.80070
Permanens Capital Floating Rate Fund LP
410 Park Ave	New York	NY	10022	800939712	Investing	DE	Permanens Assoc	excluded	$3,285,810	$88,592,030	false	$0	false	0.56010
Permanens Capital Physical Precious Meta
410 Park Ave	New York	NY	10022	900838101	Investing	DE	Permanens Assoc	excluded	-$183,835	$73,362,129	false	$0	false	0.62470
Permanens Non-Agency RMBS Allocation Fun
410 Park Ave	New York	NY	10022	901003099	Investing	DE	Permanens Assoc	excluded	$8,601,679	$165,837,754	false	$0	false	0.51630
Spectrum Capital Securities Institutiona
2 High Ridge Park	Stamford	CT	06905	832764754	Investing	DE	Spectrum Asset	excluded	$3,304,283	$65,764,600	false	$0	false	0.59010
Usonian Japan Value US Dollar Hedged Fun
40 Rowes Wharf	Boston	MA	02110	611810824	Investing	DE	Usonian Investm	excluded	$2,071,677	$15,532,230	false	$0	false	0.57220
Permanens Capital Short Duration High Yi
410 Park Ave	New York	NY	10022	320476370	Investing	DE	Permanens Assoc	excluded	$3,325,591	$58,457,339	false	$0	false	0.57780
MidOcean Multi Asset Credit Fund LP
245 Park Avenue 38th Floor	New York	NY	10167	854037566	Investing	DE	MidOcean Multi	excluded	$2,263,311	$32,534,371	false	$0	false	0.54670

Id Related Org Txbl Corp Tr IdRelatedOrgTxblCorpTrGrp (3 entries)

Address Line1USAddress/AddressLine1Txt	CityUSAddress/CityNm	State AbbreviationUSAddress/StateAbbreviationCd	ZIPUSAddress/ZIPCd	EINEIN	Primary ActivitiesPrimaryActivitiesTxt	Legal Domicile StateLegalDomicileStateCd	Business Name Line1DirectControllingEntityName/BusinessNameLine1Txt	Entity TypeEntityTypeTxt	Share Of Total IncomeShareOfTotalIncomeAmt	Share Of EOY AssetsShareOfEOYAssetsAmt	OwnershipOwnershipPct	Controlled OrganizationControlledOrganizationInd
Freedom Aviation Inc
310 Hangar Rd	Lynchburg	VA	24502	540755641	Aviation	VA	Liberty Univers	C Corp	$737,156	$19,072,741	1.00000	Yes (true)
Liberty Mountain Capital Inc
1971 University Blvd	Lynchburg	VA	24515	272376207	Investment	VA	Liberty Univers	C Corp	-$4,091	$496,846	1.00000	Yes (true)
Liberty Village Community Association In
1971 University Blvd	Lynchburg	VA	24515	862524000	Property Mgmt	VA	Liberty Univers	C Corp	$0	$0	0.60000	Yes (true)

Field	Value	IRS element (for citing)
Receipt Of Int Annts Rnts Rylts	Yes (true)	ReceiptOfIntAnntsRntsRyltsInd
Gift Grnt Or Cap Contri To Oth Org	Yes (true)	GiftGrntOrCapContriToOthOrgInd
Gift Grnt Cap Contri From Oth Org	Yes (true)	GiftGrntCapContriFromOthOrgInd
Loans Or Guarantees To Other Org	Yes (true)	LoansOrGuaranteesToOtherOrgInd
Loans Or Guarantees From Oth Org	false	LoansOrGuaranteesFromOthOrgInd
Div Related Organization	false	DivRelatedOrganizationInd
Asset Sale To Other Org	false	AssetSaleToOtherOrgInd
Asset Purchase From Other Org	false	AssetPurchaseFromOtherOrgInd
Asset Exchange	false	AssetExchangeInd
Rental Of Facilities To Oth Org	Yes (true)	RentalOfFacilitiesToOthOrgInd
Rental Of Fclts From Oth Org	false	RentalOfFcltsFromOthOrgInd
Perform Of Services For Oth Org	false	PerformOfServicesForOthOrgInd
Perform Of Services By Other Org	Yes (true)	PerformOfServicesByOtherOrgInd
Sharing Of Facilities	Yes (true)	SharingOfFacilitiesInd
Paid Employees Sharing	Yes (true)	PaidEmployeesSharingInd
Reimbursement Paid To Other Org	Yes (true)	ReimbursementPaidToOtherOrgInd
Reimbursement Paid By Other Org	Yes (true)	ReimbursementPaidByOtherOrgInd
Transfer To Other Org	false	TransferToOtherOrgInd
Transfer From Other Org	false	TransferFromOtherOrgInd

Transactions Related Org TransactionsRelatedOrgGrp (5 entries)

Transaction TypeTransactionTypeTxt	InvolvedInvolvedAmt	Method Of Amount DeterminationMethodOfAmountDeterminationTxt
Freedom Aviation
A	$16,773	ACCRUAL
Old Time Gospel Hour
A	$6,308	ACCRUAL
Freedom Aviation
D	$444,176	ACCRUAL
Freedom Aviation
J	$2,273	ACCRUAL
Freedom Aviation
M	$7,859,672	ACCRUAL