LIBERTY UNIVERSITY INC: Form 990, tax year 2017

View the entire original 990 at ProPublica ↗

Organization: LIBERTY UNIVERSITY INC (EIN 54-0946734)
Tax period: 2017-07-01 to 2018-06-30
Filed: 2019-05-15
IRS object ID: 201901359349311480
Schema version: 2017v2.3
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 K
Schedule L
Schedule M
Schedule O
Schedule R

Return header ReturnHeader

Field	Value	IRS element (for citing)
Return	2019-05-15T15:56:37-05:00	ReturnTs
Tax Period End	2018-06-30	TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Field	Value	IRS element (for citing)
Preparer Firm EIN	560747981	PreparerFirmEIN

Preparer Firm Name PreparerFirmName

Field	Value	IRS element (for citing)
Business Name Line1	DIXON HUGHES GOODMAN LLP	BusinessNameLine1Txt

Preparer US Address PreparerUSAddress

Field	Value	IRS element (for citing)
Address Line1	901 EAST CARY STREET SUITE 1000	AddressLine1Txt
City	RICHMOND	CityNm
State Abbreviation	VA	StateAbbreviationCd
ZIP	23219	ZIPCd

Field	Value	IRS element (for citing)
Return Type	990	ReturnTypeCd
Tax Period Begin	2017-07-01	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)
Business Name Control	LIBE	BusinessNameControlTxt
Phone	4345923237	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	EXECUTIVE VP OF FINANCE	PersonTitleTxt
Phone	4345923237	PhoneNum
Signature	2019-05-15	SignatureDt
Discuss With Paid Preparer	Yes (1)	DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

Field	Value	IRS element (for citing)
Preparer Person	AMY BIBBY	PreparerPersonNm
PTIN	P00445891	PTIN
Phone	8042827636	PhoneNum
Preparation	2019-05-15	PreparationDt

Filing Security Information FilingSecurityInformation

IP Address IPAddress

Field	Value	IRS element (for citing)
I Pv4 Address	4.28.226.33	IPv4AddressTxt

Field	Value	IRS element (for citing)
IP	2019-05-15	IPDt
IP Tm	10:19:29	IPTm
IP Timezone	ED	IPTimezoneCd
Filing License Type	P	FilingLicenseTypeCd
At Submission Creation Device Id	DA39A3EE5E6B4B0D3255BFEF95601890AFD80709	AtSubmissionCreationDeviceId
At Submission Filing Device Id	3CD412B09983E39150554DEC6362464A9D6A3E5C	AtSubmissionFilingDeviceId

Field	Value	IRS element (for citing)
Tax	2017	TaxYr
Build TS	2019-02-21 02:37:17Z	BuildTS

Form 990 IRS990

Field	Value	IRS element (for citing)
Principal Officer	DON MOON	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	$2,140,293,262	GrossReceiptsAmt
Group Return For Affiliates	0	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 CHRISTIAN ACADEMIC COMMUNITY IN THE TRADITION OF EVANGELICAL INSTITUTIONS OF HIGHER EDUCATION, WITH THE PRIMARY MISSION OF PROVIDING QUALITY COLLEGIATE EDUCATION.	ActivityOrMissionDesc
Voting Members Governing Body	28	VotingMembersGoverningBodyCnt
Voting Members Independent	19	VotingMembersIndependentCnt
Total Employee	11725	TotalEmployeeCnt
Total Volunteers	10865	TotalVolunteersCnt
Total Gross UBI	$5,424,752	TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm	$598,878	NetUnrelatedBusTxblIncmAmt
PY Contributions Grants	$13,964,116	PYContributionsGrantsAmt
CY Contributions Grants	$28,909,244	CYContributionsGrantsAmt
PY Program Service Revenue	$1,037,526,114	PYProgramServiceRevenueAmt
CY Program Service Revenue	$1,082,668,020	CYProgramServiceRevenueAmt
PY Investment Income	$50,245,699	PYInvestmentIncomeAmt
CY Investment Income	$33,001,962	CYInvestmentIncomeAmt
PY Other Revenue	$9,574,570	PYOtherRevenueAmt
CY Other Revenue	$14,735,745	CYOtherRevenueAmt
PY Total Revenue	$1,111,310,499	PYTotalRevenueAmt
CY Total Revenue	$1,159,314,971	CYTotalRevenueAmt
PY Grants And Similar Paid	$228,112,008	PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid	$236,085,315	CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members	$0	PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members	$0	CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid	$356,454,861	PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid	$362,201,824	CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns	$0	PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns	$0	CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense	$4,635,951	CYTotalFundraisingExpenseAmt
PY Other Expenses	$292,715,544	PYOtherExpensesAmt
CY Other Expenses	$308,233,066	CYOtherExpensesAmt
PY Total Expenses	$877,282,413	PYTotalExpensesAmt
CY Total Expenses	$906,520,205	CYTotalExpensesAmt
PY Revenues Less Expenses	$234,028,086	PYRevenuesLessExpensesAmt
CY Revenues Less Expenses	$252,794,766	CYRevenuesLessExpensesAmt
Total Assets BOY	$2,571,559,687	TotalAssetsBOYAmt
Total Assets EOY	$2,812,938,906	TotalAssetsEOYAmt
Total Liabilities BOY	$467,549,845	TotalLiabilitiesBOYAmt
Total Liabilities EOY	$432,447,188	TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY	$2,104,009,842	NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY	$2,380,491,718	NetAssetsOrFundBalancesEOYAmt
Mission	LIBERTY UNIVERSITY, INC. IS A CHRISTIAN ACADEMIC COMMUNITY IN THE TRADITION OF EVANGELICAL INSTITUTIONS OF HIGHER EDUCATION, WITH THE PRIMARY MISSION OF PROVIDING QUALITY COLLEGIATE EDUCATION.	MissionDesc
Significant New Program Srvc	0	SignificantNewProgramSrvcInd
Significant Change	0	SignificantChangeInd
Expense	$751,433,794	ExpenseAmt
Grant	$236,085,315	GrantAmt
Revenue	$954,834,701	RevenueAmt
Desc	INSTRUCTION OF APPROXIMATELY 102,940 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 FINANCIAL NEED AND ACADEMIC MERIT.	Desc

Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp

Field	Value	IRS element (for citing)
Expense	$34,342,777	ExpenseAmt
Grant	$0	GrantAmt
Revenue	$130,662,959	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	$785,776,571	TotalProgramServiceExpensesAmt
Described In Section501c3	Yes (1)	DescribedInSection501c3Ind
Schedule B Required	Yes (1)	ScheduleBRequiredInd
Political Campaign Acty	0	PoliticalCampaignActyInd
Lobbying Activities	Yes (1)	LobbyingActivitiesInd
Subject To Proxy Tax	0	SubjectToProxyTaxInd
Donor Advised Fund	0	DonorAdvisedFundInd
Conservation Easements	0	ConservationEasementsInd
Collections Of Art	Yes (1)	CollectionsOfArtInd
Credit Counseling	0	CreditCounselingInd
Temp Or Permanent Endowments	Yes (1)	TempOrPermanentEndowmentsInd
Report Land Building Equipment	Yes (1)	ReportLandBuildingEquipmentInd
Report Investments Other Sec	Yes (1)	ReportInvestmentsOtherSecInd
Report Program Related Invst	0	ReportProgramRelatedInvstInd
Report Other Assets	0	ReportOtherAssetsInd
Report Other Liabilities	Yes (1)	ReportOtherLiabilitiesInd
Include FIN48 Footnote	Yes (1)	IncludeFIN48FootnoteInd
Independent Audit Fincl Stmt	Yes (1)	IndependentAuditFinclStmtInd
Consolidated Audit Fincl Stmt	Yes (1)	ConsolidatedAuditFinclStmtInd
School Operating	Yes (1)	SchoolOperatingInd
Foreign Office	Yes (1)	ForeignOfficeInd
Foreign Activities	Yes (1)	ForeignActivitiesInd
More Than5000 K To Org	0	MoreThan5000KToOrgInd
More Than5000 K To Individuals	0	MoreThan5000KToIndividualsInd
Professional Fundraising	0	ProfessionalFundraisingInd
Fundraising Activities	Yes (1)	FundraisingActivitiesInd
Gaming Activities	0	GamingActivitiesInd
Operate Hospital	0	OperateHospitalInd
Grants To Organizations	Yes (1)	GrantsToOrganizationsInd
Grants To Individuals	Yes (1)	GrantsToIndividualsInd
Schedule J Required	Yes (1)	ScheduleJRequiredInd
Tax Exempt Bonds	Yes (1)	TaxExemptBondsInd
Invest Tax Exempt Bonds	0	InvestTaxExemptBondsInd
Escrow Account	0	EscrowAccountInd
On Behalf Of Issuer	0	OnBehalfOfIssuerInd
Engaged In Excess Benefit Trans	0	EngagedInExcessBenefitTransInd
PY Excess Benefit Trans	0	PYExcessBenefitTransInd
Loan Outstanding	Yes (1)	LoanOutstandingInd
Grant To Related Person	Yes (1)	GrantToRelatedPersonInd
Business Rln With Org Mem	Yes (1)	BusinessRlnWithOrgMemInd
Business Rln With Fam Mem	Yes (1)	BusinessRlnWithFamMemInd
Business Rln With Officer Ent	Yes (1)	BusinessRlnWithOfficerEntInd
Deductible Non Cash Contri	Yes (1)	DeductibleNonCashContriInd
Deductible Art Contribution	Yes (1)	DeductibleArtContributionInd
Terminate Operations	0	TerminateOperationsInd
Partial Liquidation	0	PartialLiquidationInd
Disregarded Entity	Yes (1)	DisregardedEntityInd
Related Entity	Yes (1)	RelatedEntityInd
Related Organization Ctrl Ent	Yes (1)	RelatedOrganizationCtrlEntInd
Transaction With Control Ent	Yes (1)	TransactionWithControlEntInd
Trnsfr Exmpt Non Chrtbl Rltd Org	0	TrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted Prtshp	0	ActivitiesConductedPrtshpInd
Schedule O Required	Yes (1)	ScheduleORequiredInd
IRP Document	1399	IRPDocumentCnt
IRP Document W2 G	0	IRPDocumentW2GCnt
Backup Wthld Compliance	Yes (1)	BackupWthldComplianceInd
Employee	11725	EmployeeCnt
Employment Tax Returns Filed	Yes (1)	EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over Limit	Yes (1)	UnrelatedBusIncmOverLimitInd
Form990 T Filed	Yes (1)	Form990TFiledInd
Foreign Financial Account	0	ForeignFinancialAccountInd
Prohibited Tax Shelter Trans	0	ProhibitedTaxShelterTransInd
Taxable Party Notification	0	TaxablePartyNotificationInd
Nondeductible Contributions	0	NondeductibleContributionsInd
Quid Pro Quo Contributions	Yes (1)	QuidProQuoContributionsInd
Quid Pro Quo Contri Discl	Yes (1)	QuidProQuoContriDisclInd
Form8282 Property Disposed Of	0	Form8282PropertyDisposedOfInd
Rcv Fnds To Pay Prsnl Bnft Cntrct	0	RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct	0	PayPremiumsPrsnlBnftCntrctInd
Form8899 Filedind	1	Form8899Filedind
Form1098 C Filed	Yes (1)	Form1098CFiledInd
Indoor Tanning Services	0	IndoorTanningServicesInd
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 (1)	FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties	0	DelegationOfMgmtDutiesInd
Change To Org Documents	0	ChangeToOrgDocumentsInd
Material Diversion Or Misuse	0	MaterialDiversionOrMisuseInd
Members Or Stockholders	0	MembersOrStockholdersInd
Election Of Board Members	0	ElectionOfBoardMembersInd
Decisions Subject To Approva	0	DecisionsSubjectToApprovaInd
Minutes Of Governing Body	Yes (1)	MinutesOfGoverningBodyInd
Minutes Of Committees	Yes (1)	MinutesOfCommitteesInd
Officer Mailing Address	0	OfficerMailingAddressInd
Local Chapters	0	LocalChaptersInd
Form990 Provided To Gvrn Body	Yes (1)	Form990ProvidedToGvrnBodyInd
Conflict Of Interest Policy	Yes (1)	ConflictOfInterestPolicyInd
Annual Disclosure Covered Prsn	Yes (1)	AnnualDisclosureCoveredPrsnInd
Regular Monitoring Enfrc	Yes (1)	RegularMonitoringEnfrcInd
Whistleblower Policy	Yes (1)	WhistleblowerPolicyInd
Document Retention Policy	Yes (1)	DocumentRetentionPolicyInd
Compensation Process CEO	Yes (1)	CompensationProcessCEOInd
Compensation Process Other	Yes (1)	CompensationProcessOtherInd
Investment In Joint Venture	Yes (1)	InvestmentInJointVentureInd
Written Policy Or Procedure	Yes (1)	WrittenPolicyOrProcedureInd
States Where Copy Of Return Is Fld	VA	StatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is Fld	AL	StatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is Fld	NH	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
States Where Copy Of Return Is Fld	WI	StatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is Fld	ND	StatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is Fld	NY	StatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is Fld	NJ	StatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is Fld	MD	StatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is Fld	AK	StatesWhereCopyOfReturnIsFldCd
Upon Request	Yes (X)	UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	DON MOON	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Phone	4345923237	PhoneNum

US Address USAddress

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

Form990 Part VII Section A Form990PartVIISectionAGrp (54 entries)

TitleTitleTxt	Average Hours Per WeekAverageHoursPerWeekRt	Average Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRt	Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd	OfficerOfficerInd	Reportable Comp From OrgReportableCompFromOrgAmt	Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt	Other CompensationOtherCompensationAmt	Key EmployeeKeyEmployeeInd	Highest Compensated EmployeeHighestCompensatedEmployeeInd	Former Ofcr Director TrusteeFormerOfcrDirectorTrusteeInd
MR JERRY FALWELL
CHANCELLOR/PRESIDENT	55.00	0.50	Yes (X)	Yes (X)	$1,010,087	$0	$57,243
MR NEAL ASKEW
TRUSTEE (THROUGH 11/17)	2.00		Yes (X)		$0	$0	$0
MRS GAYE OVERTON BENSON
TRUSTEE	2.00		Yes (X)		$0	$0	$0
MR JEFFREY F BENSON
TRUSTEE	2.00		Yes (X)		$0	$0	$0
MR FLEET BROWNING
TRUSTEE (THROUGH 8/17)	0.00		Yes (X)		$0	$0	$0
DR DON CRAIN
TRUSTEE	4.00		Yes (X)		$0	$0	$0
PASTOR JONATHAN FALWELL
TRUSTEE & VICE CHANCELLOR OF SPIRITUAL	9.00	2.00	Yes (X)		$55,000	$0	$0
MR HARVEY GAINEY
TRUSTEE	2.00		Yes (X)		$0	$0	$0
DR RONALD GODWIN
TRUSTEE (THROUGH 11/17)	0.00		Yes (X)		$0	$0	$0
EVANGELIST WILLIAM F GRAHAM
TRUSTEE	2.00		Yes (X)		$0	$0	$0
MR JOHN HEATH
TRUSTEE	4.00		Yes (X)		$0	$0	$0
MR CARROLL HUDSON
TRUSTEE	4.00	4.00	Yes (X)		$0	$0	$0
EVANGELIST TIM LEE
TRUSTEE	2.00		Yes (X)		$0	$0	$0
DR ALLEN MCFARLAND
TRUSTEE & ADJUNCT PROFESSOR	5.00		Yes (X)		$3,500	$0	$0
DR GENE MIMS
TRUSTEE	2.00		Yes (X)		$0	$0	$0
MR RICHARD OSBORNE
TRUSTEE	4.00		Yes (X)		$0	$0	$0
MR GALEN PEEL SR
TRUSTEE	2.00		Yes (X)		$0	$0	$0
DR JERRY PREVO
TRUSTEE & CHAIRMAN	2.00		Yes (X)		$0	$0	$0
MR HAROLD RAWLINGS
TRUSTEE	2.00		Yes (X)		$0	$0	$0
DR DWIGHT REIGHARD
TRUSTEE	2.00		Yes (X)		$0	$0	$0
DR DAVID RHODENHIZER
TRUSTEE	2.00		Yes (X)		$0	$0	$0
MR STEVEN A SNYDER
TRUSTEE	4.00		Yes (X)		$0	$0	$0
PASTOR JASON SUITT
TRUSTEE & ADJUNCT PROFESSOR	5.00		Yes (X)		$4,200	$0	$0
DR JERRY THORPE
TRUSTEE (THROUGH 11/17)	2.00		Yes (X)		$0	$0	$0
MR GILBERT TINNEY JR
TRUSTEE	2.00		Yes (X)		$0	$0	$0
DR JERRY VINES
TRUSTEE	2.00		Yes (X)		$0	$0	$0
MR DUKE WESTOVER
TRUSTEE	4.00		Yes (X)		$0	$66,753	$0
MR JEFFERY S YAGER
TRUSTEE	4.00		Yes (X)		$0	$0	$0
MR ANTHONY BECKLES
TRUSTEE	4.00	1.00	Yes (X)		$0	$0	$0
MR BRIAN AUTRY
TRUSTEE	2.00		Yes (X)		$0	$0	$0
DR JOHN BOREK JR
TRUSTEE & ADJUNCT PROFESSOR	5.00		Yes (X)		$27,000	$0	$0
MS PENNY NANCE
TRUSTEE	2.00		Yes (X)		$0	$0	$0
MR DAVID CORRY
GENERAL COUNSEL/SECRETARY	55.00			Yes (X)	$240,084	$0	$35,663
DR RONALD HAWKINS
PROVOST & CHIEF ACADEMIC OFFICER	55.00			Yes (X)	$253,866	$0	$33,667
MR DON MOON
CFO/VP OF INVESTMENT MGMT	55.00	2.00		Yes (X)	$252,200	$0	$29,380
MR RANDALL SMITH
EVP & COO	55.00			Yes (X)	$812,738	$0	$40,365
DR ROBERT RITZ
EVP OF FINANCE	55.00			Yes (X)	$228,528	$0	$33,838
JOHN GAUGER
CIO	55.00				$236,724	$0	$35,463	Yes (X)
JERRY FALWELL III
VP OF UNIVERSITY SUPPORT SERVICES	55.00				$165,209	$0	$23,866	Yes (X)
SAMUEL BEAUMONT
SENIOR VP OF AUXILIARY SERVICE	55.00				$213,145	$0	$29,832	Yes (X)
LAWRENCE HINE
SENIOR VP OF STUDENT AFFAIRS	55.00	5.00			$179,576	$0	$28,934	Yes (X)
CHRIS JOHNSON
EVP FOR RESIDENT ENROLLMENT	55.00				$275,567	$0	$35,858	Yes (X)
RONALD KENNEDY
EVP OF ONLINE ENROLLMENT	55.00				$294,835	$0	$36,221	Yes (X)
IAN MCCAW
DIRECTOR OF ATHLETICS	55.00				$476,076	$0	$49,697	Yes (X)
DR BEN GUTIERREZ
CO-PROVOST & VP FOR ACADEMIC AFFAIRS	55.00	5.00			$216,037	$0	$22,342	Yes (X)
DAVID NASSER
SR. VP OF SPIRITUAL DEVELOPMENT	55.00				$352,015	$0	$29,759	Yes (X)
CHARLES SPENCE
SR. VP OF FACILITIES MANAGEMENT	55.00				$238,278	$0	$32,384	Yes (X)
LAURA WALLACE
EVP OF HUMAN RESOURCES	55.00				$288,567	$0	$31,711	Yes (X)
TURNER GILL
HEAD COACH - FOOTBALL	55.00				$755,126	$0	$53,946		Yes (X)
RITCHIE MCKAY
HEAD COACH - MENS BASKETBALL	55.00				$589,194	$0	$51,239		Yes (X)
RAY MORRISON
ASST DEAN, CLINICAL EDUCATION	55.00				$259,175	$0	$23,532		Yes (X)
DR PETER BELL
DEAN, LU COLLEGE OF OSTEOPATHIC MEDICINE	55.00				$328,054	$0	$33,411		Yes (X)
CAREY GREEN
HEAD COACH - WOMENS BASKETBALL	55.00				$258,906	$0	$33,236		Yes (X)
JEFF BARBER
FORMER KEY EMPLOYEE	0.00				$321,350	$0	$38,294			Yes (X)

Field	Value	IRS element (for citing)
Total Reportable Comp From Org	$8,335,037	TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org	$66,753	TotReportableCompRltdOrgAmt
Total Other Compensation	$819,881	TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K	418	IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed	Yes (1)	FormerOfcrEmployeesListedInd
Total Comp Greater Than150 K	Yes (1)	TotalCompGreaterThan150KInd
Compensation From Other Srcs	0	CompensationFromOtherSrcsInd

Contractor Compensation ContractorCompensationGrp (5 entries)

Address Line1ContractorAddress/USAddress/AddressLine1Txt	CityContractorAddress/USAddress/CityNm	State AbbreviationContractorAddress/USAddress/StateAbbreviationCd	ZIPContractorAddress/USAddress/ZIPCd	ServicesServicesDesc	CompensationCompensationAmt
CONSTRUCTION MANAGEMENT ASSOCIATES INC
PO BOX 3020	LYNCHBURG	VA	24503	CONSTRUCTION	$64,138,990
GOOGLE INC
PO BOX 7247-7366	PHILADELPHIA	PA	19170	ADMISSIONS LEAD GENERATION	$11,916,300
GLASS & ASSOCIATES INC
1601 WYTHE RD	LYNCHBURG	VA	24501	CONSTRUCTION	$10,324,025
PERMANENS CAPITAL LP
545 MADISON AVE FL 12	NEW YORK	NY	10022	INVESTMENT MANAGEMENT	$4,126,542
MITCHELL MATTHEWS & ASSOCIATES
PO BOX 5603	CHARLOTTESVILLE	VA	22905	ARCHITECTURAL SERVICES	$3,519,211

Field	Value	IRS element (for citing)
Cntrct Rcvd Greater Than100 K	170	CntrctRcvdGreaterThan100KCnt
Fundraising	$66,711	FundraisingAmt
Government Grants	$3,887,933	GovernmentGrantsAmt
All Other Contributions	$24,954,600	AllOtherContributionsAmt
Noncash Contributions	$5,036,425	NoncashContributionsAmt
Total Contributions	$28,909,244	TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp (5 entries)

DescDesc	BusinessBusinessCd	Total Revenue ColumnTotalRevenueColumnAmt	Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt	Unrelated Business RevenueUnrelatedBusinessRevenueAmt
TUITION AND FEES	611710	$977,715,464	$977,715,464
ROOM & BOARD	611710	$83,057,101	$79,084,283	$3,972,818
STUDENT ACTIVITIES	611710	$9,517,721	$9,517,721
STUDENT FEES	611710	$6,204,153	$6,204,153
BOOKSTORE/CONCESSIONS	611710	$6,173,581	$6,173,581

Field	Value	IRS element (for citing)
Total Program Service Revenue	$1,082,668,020	TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$16,083,826	TotalRevenueColumnAmt
Unrelated Business Revenue	$17,011	UnrelatedBusinessRevenueAmt
Exclusion	$16,066,815	ExclusionAmt

Royalties Revenue RoyaltiesRevenueGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$364,416	TotalRevenueColumnAmt
Exclusion	$364,416	ExclusionAmt

Gross Rents GrossRentsGrp

Field	Value	IRS element (for citing)
Real	$13,929,842	RealAmt
Personal	$83,109	PersonalAmt

Less Rental Expenses LessRentalExpensesGrp

Field	Value	IRS element (for citing)
Real	$11,299,391	RealAmt
Personal	$0	PersonalAmt

Rental Income Or Loss RentalIncomeOrLossGrp

Field	Value	IRS element (for citing)
Real	$2,630,451	RealAmt
Personal	$83,109	PersonalAmt

Net Rental Income Or Loss NetRentalIncomeOrLossGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$2,713,560	TotalRevenueColumnAmt
Unrelated Business Revenue	$83,109	UnrelatedBusinessRevenueAmt
Exclusion	$2,630,451	ExclusionAmt

Gross Amount Sales Assets GrossAmountSalesAssetsGrp

Field	Value	IRS element (for citing)
Securities	$983,488,454	SecuritiesAmt
Other	$3,055,651	OtherAmt

Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp

Field	Value	IRS element (for citing)
Securities	$963,045,281	SecuritiesAmt
Other	$6,580,688	OtherAmt

Gain Or Loss GainOrLossGrp

Field	Value	IRS element (for citing)
Securities	$20,443,173	SecuritiesAmt
Other	-$3,525,037	OtherAmt

Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$16,918,136	TotalRevenueColumnAmt
Related Or Exempt Func Income	-$3,525,037	RelatedOrExemptFuncIncomeAmt
Exclusion	$20,443,173	ExclusionAmt

Field	Value	IRS element (for citing)
Fundraising Gross Income	$31,391	FundraisingGrossIncomeAmt
Contri Rpt Fundraising Event	$66,711	ContriRptFundraisingEventAmt
Fundraising Direct Expenses	$52,931	FundraisingDirectExpensesAmt

Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp

Field	Value	IRS element (for citing)
Total Revenue Column	-$21,540	TotalRevenueColumnAmt
Exclusion	-$21,540	ExclusionAmt

Other Revenue Misc OtherRevenueMiscGrp (3 entries)

DescDesc	BusinessBusinessCd	Total Revenue ColumnTotalRevenueColumnAmt	Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt	Unrelated Business RevenueUnrelatedBusinessRevenueAmt
OTHER INCOME	611710	$8,247,296	$7,108,296	$1,139,000
STUDENT TRAVEL FEES	561500	$2,189,552	$2,189,552
SPONSORSHIPS/ADVERTISI	511120	$1,148,802	$935,988	$212,814

Miscellaneous Revenue MiscellaneousRevenueGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$93,659	TotalRevenueColumnAmt
Related Or Exempt Func Income	$93,659	RelatedOrExemptFuncIncomeAmt

Field	Value	IRS element (for citing)
Other Revenue Total	$11,679,309	OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$1,159,314,971	TotalRevenueColumnAmt
Related Or Exempt Func Income	$1,085,497,660	RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue	$5,424,752	UnrelatedBusinessRevenueAmt
Exclusion	$39,483,315	ExclusionAmt

Grants To Domestic Orgs GrantsToDomesticOrgsGrp

Field	Value	IRS element (for citing)
Total	$1,220,120	TotalAmt
Program Services	$1,220,120	ProgramServicesAmt

Grants To Domestic Individuals GrantsToDomesticIndividualsGrp

Field	Value	IRS element (for citing)
Total	$234,865,195	TotalAmt
Program Services	$234,865,195	ProgramServicesAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

Field	Value	IRS element (for citing)
Total	$6,031,833	TotalAmt
Program Services	$5,006,421	ProgramServicesAmt
Management And General	$983,189	ManagementAndGeneralAmt
Fundraising	$42,223	FundraisingAmt

Comp Disqual Persons CompDisqualPersonsGrp

Field	Value	IRS element (for citing)
Total	$1,391,302	TotalAmt
Program Services	$1,154,781	ProgramServicesAmt
Management And General	$226,782	ManagementAndGeneralAmt
Fundraising	$9,739	FundraisingAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

Field	Value	IRS element (for citing)
Total	$281,522,215	TotalAmt
Program Services	$233,663,438	ProgramServicesAmt
Management And General	$45,888,121	ManagementAndGeneralAmt
Fundraising	$1,970,656	FundraisingAmt

Pension Plan Contributions PensionPlanContributionsGrp

Field	Value	IRS element (for citing)
Total	$7,246,127	TotalAmt
Program Services	$6,014,285	ProgramServicesAmt
Management And General	$1,181,119	ManagementAndGeneralAmt
Fundraising	$50,723	FundraisingAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

Field	Value	IRS element (for citing)
Total	$45,260,544	TotalAmt
Program Services	$37,566,251	ProgramServicesAmt
Management And General	$7,377,469	ManagementAndGeneralAmt
Fundraising	$316,824	FundraisingAmt

Payroll Taxes PayrollTaxesGrp

Field	Value	IRS element (for citing)
Total	$20,749,803	TotalAmt
Program Services	$17,222,336	ProgramServicesAmt
Management And General	$3,382,218	ManagementAndGeneralAmt
Fundraising	$145,249	FundraisingAmt

Fees For Services Legal FeesForServicesLegalGrp

Field	Value	IRS element (for citing)
Total	$2,839,267	TotalAmt
Management And General	$2,839,267	ManagementAndGeneralAmt

Fees For Services Accounting FeesForServicesAccountingGrp

Field	Value	IRS element (for citing)
Total	$302,555	TotalAmt
Management And General	$302,555	ManagementAndGeneralAmt

Fees For Services Lobbying FeesForServicesLobbyingGrp

Field	Value	IRS element (for citing)
Total	$58,142	TotalAmt
Program Services	$48,258	ProgramServicesAmt
Management And General	$9,477	ManagementAndGeneralAmt
Fundraising	$407	FundraisingAmt

Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp

Field	Value	IRS element (for citing)
Total	$5,014,447	TotalAmt
Management And General	$5,014,447	ManagementAndGeneralAmt

Fees For Services Other FeesForServicesOtherGrp

Field	Value	IRS element (for citing)
Total	$5,615,244	TotalAmt
Program Services	$4,660,652	ProgramServicesAmt
Management And General	$915,285	ManagementAndGeneralAmt
Fundraising	$39,307	FundraisingAmt

Advertising AdvertisingGrp

Field	Value	IRS element (for citing)
Total	$17,423,387	TotalAmt
Program Services	$14,461,411	ProgramServicesAmt
Management And General	$2,840,012	ManagementAndGeneralAmt
Fundraising	$121,964	FundraisingAmt

Office Expenses OfficeExpensesGrp

Field	Value	IRS element (for citing)
Total	$5,086,878	TotalAmt
Program Services	$4,222,109	ProgramServicesAmt
Management And General	$829,161	ManagementAndGeneralAmt
Fundraising	$35,608	FundraisingAmt

Information Technology InformationTechnologyGrp

Field	Value	IRS element (for citing)
Total	$19,079,786	TotalAmt
Program Services	$15,836,222	ProgramServicesAmt
Management And General	$3,110,005	ManagementAndGeneralAmt
Fundraising	$133,559	FundraisingAmt

Royalties RoyaltiesGrp

Field	Value	IRS element (for citing)
Total	$654,039	TotalAmt
Program Services	$542,853	ProgramServicesAmt
Management And General	$106,608	ManagementAndGeneralAmt
Fundraising	$4,578	FundraisingAmt

Occupancy OccupancyGrp

Field	Value	IRS element (for citing)
Total	$11,216,122	TotalAmt
Program Services	$9,309,381	ProgramServicesAmt
Management And General	$1,828,228	ManagementAndGeneralAmt
Fundraising	$78,513	FundraisingAmt

Travel TravelGrp

Field	Value	IRS element (for citing)
Total	$12,432,459	TotalAmt
Program Services	$10,318,941	ProgramServicesAmt
Management And General	$2,026,491	ManagementAndGeneralAmt
Fundraising	$87,027	FundraisingAmt

Conferences Meetings ConferencesMeetingsGrp

Field	Value	IRS element (for citing)
Total	$1,240,283	TotalAmt
Program Services	$1,029,435	ProgramServicesAmt
Management And General	$202,166	ManagementAndGeneralAmt
Fundraising	$8,682	FundraisingAmt

Interest InterestGrp

Field	Value	IRS element (for citing)
Total	$10,458,430	TotalAmt
Program Services	$8,680,497	ProgramServicesAmt
Management And General	$1,704,724	ManagementAndGeneralAmt
Fundraising	$73,209	FundraisingAmt

Depreciation Depletion DepreciationDepletionGrp

Field	Value	IRS element (for citing)
Total	$46,098,029	TotalAmt
Program Services	$38,261,364	ProgramServicesAmt
Management And General	$7,513,979	ManagementAndGeneralAmt
Fundraising	$322,686	FundraisingAmt

Insurance InsuranceGrp

Field	Value	IRS element (for citing)
Total	$3,858,135	TotalAmt
Program Services	$3,202,252	ProgramServicesAmt
Management And General	$628,876	ManagementAndGeneralAmt
Fundraising	$27,007	FundraisingAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDesc	TotalTotalAmt	Program ServicesProgramServicesAmt	Management And GeneralManagementAndGeneralAmt	FundraisingFundraisingAmt
PURCHASED SERVICES	$63,677,131	$52,852,019	$10,379,372	$445,740
STUDENT FOOD SERVICES	$27,085,869	$22,481,271	$4,414,997	$189,601
NON CAPITAL EQUIPMENT	$18,042,553	$14,975,319	$2,940,936	$126,298
BAD DEBT EXPENSE	$16,462,381	$13,663,776	$2,683,368	$115,237

All Other Expenses AllOtherExpensesGrp

Field	Value	IRS element (for citing)
Total	$41,587,929	TotalAmt
Program Services	$34,517,984	ProgramServicesAmt
Management And General	$6,778,831	ManagementAndGeneralAmt
Fundraising	$291,114	FundraisingAmt

Total Functional Expenses TotalFunctionalExpensesGrp

Field	Value	IRS element (for citing)
Total	$906,520,205	TotalAmt
Program Services	$785,776,571	ProgramServicesAmt
Management And General	$116,107,683	ManagementAndGeneralAmt
Fundraising	$4,635,951	FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

Field	Value	IRS element (for citing)
BOY	$20,155,593	BOYAmt
EOY	$25,537,275	EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

Field	Value	IRS element (for citing)
BOY	$154,549,612	BOYAmt
EOY	$257,554,719	EOYAmt

Accounts Receivable AccountsReceivableGrp

Field	Value	IRS element (for citing)
BOY	$101,093,605	BOYAmt
EOY	$39,843,001	EOYAmt

Rcvbl From Disqualified Prsn RcvblFromDisqualifiedPrsnGrp

Field	Value	IRS element (for citing)
BOY	$457,947	BOYAmt
EOY	$356,125	EOYAmt

Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp

Field	Value	IRS element (for citing)
BOY	$2,399,512	BOYAmt
EOY	$1,375,944	EOYAmt

Inventories For Sale Or Use InventoriesForSaleOrUseGrp

Field	Value	IRS element (for citing)
BOY	$322,811	BOYAmt
EOY	$349,092	EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

Field	Value	IRS element (for citing)
BOY	$14,115,548	BOYAmt
EOY	$15,183,535	EOYAmt

Field	Value	IRS element (for citing)
Land Bldg Equip Cost Or Other Bss	$1,585,432,657	LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec	$326,783,278	LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

Field	Value	IRS element (for citing)
BOY	$1,150,465,204	BOYAmt
EOY	$1,258,649,379	EOYAmt

Investments Pub Traded Sec InvestmentsPubTradedSecGrp

Field	Value	IRS element (for citing)
BOY	$389,387,764	BOYAmt
EOY	$392,123,074	EOYAmt

Investments Other Securities InvestmentsOtherSecuritiesGrp

Field	Value	IRS element (for citing)
BOY	$730,388,817	BOYAmt
EOY	$789,848,196	EOYAmt

Investments Program Related InvestmentsProgramRelatedGrp

Field	Value	IRS element (for citing)
BOY	$5,440,129	BOYAmt
EOY	$8,828,874	EOYAmt

Intangible Assets IntangibleAssetsGrp

Field	Value	IRS element (for citing)
BOY	$792,535	BOYAmt
EOY	$717,733	EOYAmt

Other Assets Total OtherAssetsTotalGrp

Field	Value	IRS element (for citing)
BOY	$1,990,610	BOYAmt
EOY	$22,571,959	EOYAmt

Total Assets TotalAssetsGrp

Field	Value	IRS element (for citing)
BOY	$2,571,559,687	BOYAmt
EOY	$2,812,938,906	EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

Field	Value	IRS element (for citing)
BOY	$70,103,244	BOYAmt
EOY	$71,082,091	EOYAmt

Deferred Revenue DeferredRevenueGrp

Field	Value	IRS element (for citing)
BOY	$156,970,249	BOYAmt
EOY	$126,407,226	EOYAmt

Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp

Field	Value	IRS element (for citing)
BOY	$207,769,474	BOYAmt
EOY	$205,052,835	EOYAmt

Other Liabilities OtherLiabilitiesGrp

Field	Value	IRS element (for citing)
BOY	$32,706,878	BOYAmt
EOY	$29,905,036	EOYAmt

Total Liabilities TotalLiabilitiesGrp

Field	Value	IRS element (for citing)
BOY	$467,549,845	BOYAmt
EOY	$432,447,188	EOYAmt

Field	Value	IRS element (for citing)
Organization Follows SFAS117	Yes (X)	OrganizationFollowsSFAS117Ind

Unrestricted Net Assets UnrestrictedNetAssetsGrp

Field	Value	IRS element (for citing)
BOY	$2,087,057,966	BOYAmt
EOY	$2,359,931,414	EOYAmt

Temporarily Rstr Net Assets TemporarilyRstrNetAssetsGrp

Field	Value	IRS element (for citing)
BOY	$3,338,088	BOYAmt
EOY	$4,794,568	EOYAmt

Permanently Rstr Net Assets PermanentlyRstrNetAssetsGrp

Field	Value	IRS element (for citing)
BOY	$13,613,788	BOYAmt
EOY	$15,765,736	EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

Field	Value	IRS element (for citing)
BOY	$2,104,009,842	BOYAmt
EOY	$2,380,491,718	EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

Field	Value	IRS element (for citing)
BOY	$2,571,559,687	BOYAmt
EOY	$2,812,938,906	EOYAmt

Field	Value	IRS element (for citing)
Info In Schedule O Part XI	Yes (X)	InfoInScheduleOPartXIInd
Reconcilation Revenue Expnss	$252,794,766	ReconcilationRevenueExpnssAmt
Net Unrlzd Gains Losses Invst	$18,958,999	NetUnrlzdGainsLossesInvstAmt
Other Changes In Net Assets	$4,728,111	OtherChangesInNetAssetsAmt
Info In Schedule O Part XII	Yes (X)	InfoInScheduleOPartXIIInd
Method Of Accounting Accrual	Yes (X)	MethodOfAccountingAccrualInd
Accountant Compile Or Review	0	AccountantCompileOrReviewInd
FS Audited	Yes (1)	FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

Field	Value	IRS element (for citing)
Consol And Sep Basis Fincl Stmt	Yes (X)	ConsolAndSepBasisFinclStmtInd

Field	Value	IRS element (for citing)
Audit Committee	Yes (1)	AuditCommitteeInd
Federal Grant Audit Required	0	FederalGrantAuditRequiredInd

Schedule A IRS990ScheduleA

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

Schedule B IRS990ScheduleB

Schedule C IRS990ScheduleC

Total Direct Lobbying TotalDirectLobbyingGrp

Field	Value	IRS element (for citing)
Filing Organizations Total	$58,142	FilingOrganizationsTotalAmt

Total Lobbying Expend TotalLobbyingExpendGrp

Field	Value	IRS element (for citing)
Filing Organizations Total	$58,142	FilingOrganizationsTotalAmt

Other Exempt Purpose Expend OtherExemptPurposeExpendGrp

Field	Value	IRS element (for citing)
Filing Organizations Total	$906,615,767	FilingOrganizationsTotalAmt

Total Exempt Purpose Expend TotalExemptPurposeExpendGrp

Field	Value	IRS element (for citing)
Filing Organizations Total	$906,673,909	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

Tot Lbbyng Grassroot Mns Non Tx TotLbbyngGrassrootMnsNonTxGrp

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

Tot Lbby Expend Mns Lbbyng Non Tx TotLbbyExpendMnsLbbyngNonTxGrp

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

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	$27,801	CurrentYearMinus3Amt
Current Year Minus2	$80,303	CurrentYearMinus2Amt
Current Year Minus1	$61,525	CurrentYearMinus1Amt
Current Year	$58,142	CurrentYearAmt
Total	$227,771	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

Schedule D IRS990ScheduleD

Field	Value	IRS element (for citing)
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	DISPLAYED IN VISITOR CENTER	OtherPurposesDesc

Field	Value	IRS element (for citing)
Solicited Assets Sale	0	SolicitedAssetsSaleInd

CY Endwmt Fund CYEndwmtFundGrp

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

CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp

Field	Value	IRS element (for citing)
Beginning Year Balance	$1,082,996,068	BeginningYearBalanceAmt
Contributions	$198,368,872	ContributionsAmt
Investment Earnings Or Losses	$74,241,805	InvestmentEarningsOrLossesAmt
Grants Or Scholarships	$1,638	GrantsOrScholarshipsAmt
Other Expenditures	$64,902,259	OtherExpendituresAmt
End Year Balance	$1,290,702,848	EndYearBalanceAmt

CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp

Field	Value	IRS element (for citing)
Beginning Year Balance	$1,054,487,114	BeginningYearBalanceAmt
Contributions	$55,364,445	ContributionsAmt
Investment Earnings Or Losses	-$26,805,224	InvestmentEarningsOrLossesAmt
Grants Or Scholarships	$50,267	GrantsOrScholarshipsAmt
End Year Balance	$1,082,996,068	EndYearBalanceAmt

CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp

Field	Value	IRS element (for citing)
Beginning Year Balance	$126,421,721	BeginningYearBalanceAmt
Contributions	$925,685,737	ContributionsAmt
Investment Earnings Or Losses	$2,489,259	InvestmentEarningsOrLossesAmt
Grants Or Scholarships	$109,603	GrantsOrScholarshipsAmt
End Year Balance	$1,054,487,114	EndYearBalanceAmt

CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp

Field	Value	IRS element (for citing)
Beginning Year Balance	$101,837,308	BeginningYearBalanceAmt
Contributions	$20,983,893	ContributionsAmt
Investment Earnings Or Losses	$3,605,535	InvestmentEarningsOrLossesAmt
Grants Or Scholarships	$5,015	GrantsOrScholarshipsAmt
End Year Balance	$126,421,721	EndYearBalanceAmt

Field	Value	IRS element (for citing)
Board Designated Balance EOY	0.98850	BoardDesignatedBalanceEOYPct
Prmnnt Endowment Balance EOY	0.01090	PrmnntEndowmentBalanceEOYPct
Term Endowment Balance EOY	0.00060	TermEndowmentBalanceEOYPct
Endowments Held Unrelated Org	0	EndowmentsHeldUnrelatedOrgInd
Endowments Held Related Org	0	EndowmentsHeldRelatedOrgInd

Land LandGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$100,979,873	OtherCostOrOtherBasisAmt
Book Value	$100,979,873	BookValueAmt

Buildings BuildingsGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$1,077,380,540	OtherCostOrOtherBasisAmt
Depreciation	$158,870,467	DepreciationAmt
Book Value	$918,510,073	BookValueAmt

Equipment EquipmentGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$215,647,124	OtherCostOrOtherBasisAmt
Depreciation	$142,707,474	DepreciationAmt
Book Value	$72,939,650	BookValueAmt

Other Land Buildings OtherLandBuildingsGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$191,425,120	OtherCostOrOtherBasisAmt
Depreciation	$25,205,337	DepreciationAmt
Book Value	$166,219,783	BookValueAmt

Field	Value	IRS element (for citing)
Total Book Value Land Buildings	$1,258,649,379	TotalBookValueLandBuildingsAmt

Other Securities OtherSecuritiesGrp (4 entries)

DescDesc	Book ValueBookValueAmt	Method ValuationMethodValuationCd
LONG/SHORT EQUITY FUNDS	$542,775,503	F
OTHER ASSET BACKED SECURITIES	$4,574,219	F
TERM LOANS	$221,717,091	F
MASTER LP	$20,781,383	F

Field	Value	IRS element (for citing)
Total Book Value Securities	$789,848,196	TotalBookValueSecuritiesAmt

Other Liabilities Org OtherLiabilitiesOrgGrp (4 entries)

DescDesc	AmtAmt
GIFT ANNUITIES PAYABLE	$28,223,695
LIABILITY UNDER SPLIT INTEREST AGREEMENTS	$1,297,561
DUE TO FREEDOM AVIATION FROM C&C AVIATION	-$25,331
OBLIGATIONS UNDER CAPITAL LEASES	$409,111

Field	Value	IRS element (for citing)
Total Liability	$29,905,036	TotalLiabilityAmt
Footnote Text	Yes (X)	FootnoteTextInd
Total Rev Etc Audited Fincl Stmt	$954,739,161	TotalRevEtcAuditedFinclStmtAmt
Net Unrealized Gains Invst	$18,958,999	NetUnrealizedGainsInvstAmt
Donated Services And Use Fclts	$1,632,614	DonatedServicesAndUseFcltsAmt
Other Revenue	$9,510,087	OtherRevenueAmt
Revenue Not Reported	$30,101,700	RevenueNotReportedAmt
Revenue Subtotal	$924,637,461	RevenueSubtotalAmt
Other Revenues Not Included	$234,677,510	OtherRevenuesNotIncludedAmt
Revenue Not Reported Fincl Stmt	$234,677,510	RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990	$1,159,314,971	TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt	$678,257,286	TotExpnsEtcAuditedFinclStmtAmt
Donated Services Use Fclts	$1,632,614	DonatedServicesUseFcltsAmt
Other Expenses Included	$4,781,977	OtherExpensesIncludedAmt
Expenses Not Reported	$6,414,591	ExpensesNotReportedAmt
Expenses Subtotal	$671,842,695	ExpensesSubtotalAmt
Other Expenses Not Included	$234,677,510	OtherExpensesNotIncludedAmt
Expenses Not Rpt Fincl Stmt	$234,677,510	ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990	$906,520,205	TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail (8 entries)

Form And Line ReferenceFormAndLineReferenceDesc	ExplanationExplanationTxt
PART III, LINE 1A:	LIBERTY UNIVERSITY HAS A COLLECTION OF SEVERAL ANIMAL TROPHIES DONATED BY A LOCAL RESIDENT. THE AUDITED FINANCIAL STATEMENTS OF THE FISCAL YEAR ENDING JUNE 30, 2018 OF LIBERTY UNIVERSITY DO NOT CONTAIN A FOOTNOTE DESCRIBING THIS COLLECTION BECAUSE IT WAS DONATED SEVERAL YEARS AGO. HOWEVER, A FOOTNOTE WITHIN THE AFS DOES DESCRIBE THE ACCOUNTING POLICY OF LIBERTY UNIVERSITY IN ACCOUNTING FOR CONTRIBUTIONS OF WORKS OF ART, HISTORICAL TREASURES, AND OTHER SIMILAR ITEMS: "CONTRIBUTIONS OF WORKS OF ART, HISTORICAL TREASURES AND SIMILAR ASSETS HELD AS PART OF COLLECTIONS ARE NOT RECOGNIZED OR CAPITALIZED."
PART III, LINE 4:	LIBERTY UNIVERSITY HAS A COLLECTION OF SEVERAL ANIMAL TROPHIES DONATED BY A LOCAL RESIDENT. THE ANIMAL TROPHIES ARE DISPLAYED WITHIN THE UNIVERSITY'S FACILITIES FOR THE EDUCATION AND ENJOYMENT OF STUDENTS AND VISITORS. THERE IS NO ADMISSION CHARGE FOR VIEWING THE COLLECTION AND LIBERTY UNIVERSITY DOES NOT ADVERTISE THAT THE COLLECTION IS OPEN TO THE GENERAL PUBLIC.
PART V, LINE 4:	UNIVERSITY INTENDS TO MAXIMIZE THE TOTAL RETURN ON ITS RETURN ON ENDOWMENT FUNDS, AND, AS SPECIFIED IN THE UNDERLYING AGREEMENTS, IT USES THE SPENDABLE PORTION FOR PURPOSES OF THE FOLLOWING: AWARDING SCHOLARSHIPS AND GRANTS TO STUDENTS; UNIVERSITY OPERATING EXPENSES; AND CHRISTIAN MINISTRY OUTREACH.
PART X, LINE 2:	THE INTERNAL REVENUE SERVICE HAS RULED THAT THE UNIVERSITY QUALIFIES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND IS, THEREFORE, NOT GENERALLY SUBJECT TO INCOME TAXES UNDER PRESENT TAX LAWS. MANAGEMENT BELIEVES THAT ANY INCOME TAX LIABILITY RESULTING FROM UNRELATED BUSINESS INCOME FOR THE YEARS ENDED JUNE 30, 2018 AND 2017 WOULD NOT HAVE A SIGNIFICANT IMPACT ON THE UNIVERSITY'S RESULTS OF ACTIVITIES. CERTAIN SUBSIDIARIES OF THE UNIVERSITY ARE TAXED AS SEPERATE ENTITIES.
PART XI, LINE 2D - OTHER ADJUSTMENTS:	CHANGE IN SPLIT INTEREST AGREEMENT 4,718,111. REVENUE FROM SUBSIDIARIES NOT INCLUDED IN THIS RETURN 24,181,049. ASU RECLASS -25,736,947. EXPENSE FROM NET RENTAL INCOME 11,299,390. FUNDRAISING DIRECT EXPENSES 52,931. CONSOLIDATING ENTRY NOT MADE ON AFS 10,000. INVESTMENT EXPENSES -5,014,447.
PART XI, LINE 4B - OTHER ADJUSTMENTS:	INSTITUTIONAL SCHOLARSHIPS 234,677,510.
PART XII, LINE 2D - OTHER ADJUSTMENTS:	EXPENSE FROM SUBSIDIARIES NOT INCLUDED IN THIS RETURN 24,181,049. EXPENSE FROM NET RENTAL INCOME 11,299,391. FUNDRAISING DIRECT EXPENSES 52,931. ASU RECLASS -25,736,947. INVESTMENT EXPENSES -5,014,447.
PART XII, LINE 4B - OTHER ADJUSTMENTS:	INSTITUTIONAL SCHOLARSHIPS 234,677,510.

Schedule E IRS990ScheduleE

Field	Value	IRS element (for citing)
Nondiscriminatory Policy Stmt	Yes (1)	NondiscriminatoryPolicyStmtInd
Policy Stmt In Brochures Etc	Yes (1)	PolicyStmtInBrochuresEtcInd
Plcy Pblczd Via Broadcast Media	Yes (1)	PlcyPblczdViaBroadcastMediaInd
Maintain Racial Comp Recs	Yes (1)	MaintainRacialCompRecsInd
Maintain Scholarships Recs	Yes (1)	MaintainScholarshipsRecsInd
Maintain Cpy Of Brochures Etc	Yes (1)	MaintainCpyOfBrochuresEtcInd
Maintain Cpy Of All Sol	Yes (1)	MaintainCpyOfAllSolInd
Discriminate Race Stdnts Rghts	0	DiscriminateRaceStdntsRghtsInd
Discriminate Race Admiss Plcy	0	DiscriminateRaceAdmissPlcyInd
Discriminate Race Emplm Fculty	0	DiscriminateRaceEmplmFcultyInd
Discriminate Race Schs	0	DiscriminateRaceSchsInd
Discriminate Race Educ Plcy	0	DiscriminateRaceEducPlcyInd
Discriminate Race Use Of Fclts	0	DiscriminateRaceUseOfFcltsInd
Discriminate Race Athlt Prog	0	DiscriminateRaceAthltProgInd
Discriminate Race Other Acty	0	DiscriminateRaceOtherActyInd
Government Financial Aid Rcvd	Yes (1)	GovernmentFinancialAidRcvdInd
Government Financial Aid Rvkd	0	GovernmentFinancialAidRvkdInd
Compliance With Rev Proc7550	Yes (1)	ComplianceWithRevProc7550Ind

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Form And Line ReferenceFormAndLineReferenceDesc	ExplanationExplanationTxt
SCHEDULE E, PART I, LINE 3	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, PART I, LINE 6	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 (11 entries)

RegionRegionTxt	EmployeeEmployeeCnt	Type Of Activities ConductedTypeOfActivitiesConductedTxt	Specific Services ProvidedSpecificServicesProvidedTxt	Region Total ExpendituresRegionTotalExpendituresAmt
EUROPE (INCLUDING ICELAND & GREENLAND)	0	PROGRAM SERVICES	MISSION TRIPS & STUDY ABROAD	$271,858
NORTH AMERICA	0	PROGRAM SERVICES	MISSION TRIPS & STUDY ABROAD	$79,132
MIDDLE EAST AND NORTH AFRICA	0	PROGRAM SERVICES	MISSION TRIPS & STUDY ABROAD	$70,135
CENTRAL AMERICA AND THE CARIBBEAN	0	PROGRAM SERVICES	MISSION TRIPS & STUDY ABROAD	$25,543
SOUTH ASIA	0	PROGRAM SERVICES	MISSION TRIPS & STUDY ABROAD	$33,348
SUB-SAHARAN AFRICA	0	PROGRAM SERVICES	MISSION TRIPS & STUDY ABROAD	$48,344
EAST ASIA AND THE PACIFIC	0	PROGRAM SERVICES	MISSION TRIPS & STUDY ABROAD	$12,534
CENTRAL AMERICA AND THE CARIBBEAN	0	INVESTMENTS		$45,381,600
EUROPE (INCLUDING ICELAND & GREENLAND)	3	PROGRAM SERVICES	EMPLOYMENT OF INSTRUCTORS SERVING DISTANCE LEARNING STUDENTS	$27,120
MIDDLE EAST AND NORTH AFRICA	2	PROGRAM SERVICES	EMPLOYMENT OF INSTRUCTORS SERVING DISTANCE LEARNING STUDENTS	$22,100
NORTH AMERICA	1	PROGRAM SERVICES	EMPLOYMENT OF INSTRUCTORS SERVING DISTANCE LEARNING STUDENTS	$26,200

Field	Value	IRS element (for citing)
Subtotal Offices	0	SubtotalOfficesCnt
Subtotal Employees	0	SubtotalEmployeesCnt
Continuation Total Office	0	ContinuationTotalOfficeCnt
Continuation Total Employee	6	ContinuationTotalEmployeeCnt
Total Office	0	TotalOfficeCnt
Total Employee	6	TotalEmployeeCnt
Subtotal Spent	$45,922,494	SubtotalSpentAmt
Continuation Spent	$75,420	ContinuationSpentAmt
Total Spent	$45,997,914	TotalSpentAmt
Transfer To Foreign Corp	Yes (1)	TransferToForeignCorpInd
Interest In Foreign Trust	0	InterestInForeignTrustInd
Foreign Corp Ownership	Yes (1)	ForeignCorpOwnershipInd
Passive Foreign Investmest Co	Yes (1)	PassiveForeignInvestmestCoInd
Foreign Partnership	Yes (1)	ForeignPartnershipInd
Boycott Countries	0	BoycottCountriesInd

Schedule G IRS990ScheduleG

Fundraising Event Information FundraisingEventInformationGrp

Field	Value	IRS element (for citing)
Event1	LUCOM GALA	Event1Nm
Gross Receipts Event1	$36,859	GrossReceiptsEvent1Amt
Charitable Contri Event1	$29,911	CharitableContriEvent1Amt
Gross Revenue Event1	$6,948	GrossRevenueEvent1Amt
Cash Prizes Event1	$1,309	CashPrizesEvent1Amt
Food And Beverage Event1	$6,600	FoodAndBeverageEvent1Amt
Entertainment Event1	$7,500	EntertainmentEvent1Amt
Other Direct Expenses Event1	$1,139	OtherDirectExpensesEvent1Amt
Event2	GOLF TOURNAMENT	Event2Nm
Gross Receipts Event2	$51,360	GrossReceiptsEvent2Amt
Charitable Contri Event2	$36,800	CharitableContriEvent2Amt
Gross Revenue Event2	$14,560	GrossRevenueEvent2Amt
Non Cash Prizes Event2	$17,588	NonCashPrizesEvent2Amt
Rent Facility Costs Event2	$7,168	RentFacilityCostsEvent2Amt
Food And Beverage Event2	$2,640	FoodAndBeverageEvent2Amt
Other Direct Expenses Event2	$2,195	OtherDirectExpensesEvent2Amt
Other Events Total	1	OtherEventsTotalCnt
Gross Receipts Other Events	$9,883	GrossReceiptsOtherEventsAmt
Gross Revenue Other Events	$9,883	GrossRevenueOtherEventsAmt
Non Cash Prizes Other Events	$721	NonCashPrizesOtherEventsAmt
Oth Direct Expnss Other Events	$6,071	OthDirectExpnssOtherEventsAmt
Gross Receipts Total	$98,102	GrossReceiptsTotalAmt
Charitable Contributions Tot	$66,711	CharitableContributionsTotAmt
Gross Revenue Total Events	$31,391	GrossRevenueTotalEventsAmt
Cash Prizes Total Events	$1,309	CashPrizesTotalEventsAmt
Non Cash Prizes Total Events	$18,309	NonCashPrizesTotalEventsAmt
Rent Fclty Costs Total Events	$7,168	RentFcltyCostsTotalEventsAmt
Food And Beverage Total Events	$9,240	FoodAndBeverageTotalEventsAmt
Entertainment Total Events	$7,500	EntertainmentTotalEventsAmt
Oth Direct Expnss Total Events	$9,405	OthDirectExpnssTotalEventsAmt
Direct Expense Summary Events	$52,931	DirectExpenseSummaryEventsAmt
Net Income Summary	-$21,540	NetIncomeSummaryAmt

Schedule I IRS990ScheduleI

Field	Value	IRS element (for citing)
Grant Records Maintained	Yes (1)	GrantRecordsMaintainedInd

Recipient Table RecipientTable (7 entries)

Address Line1USAddress/AddressLine1Txt	CityUSAddress/CityNm	State AbbreviationUSAddress/StateAbbreviationCd	ZIPUSAddress/ZIPCd	Recipient EINRecipientEIN	IRC SectionIRCSectionDesc	Cash GrantCashGrantAmt	Purpose Of GrantPurposeOfGrantTxt
LIBERTY UNIVERSITY FOUNDATION
1971 UNIVERSITY BLVD	LYNCHBURG	VA	24515	541939910	501(C)(3)	$831,405	SUPPORTIVE CHRISTIAN NON-PROFIT ORGANIZATION
GAINEY FOUNDATION
1593 GALBRAITH AVE SUITE 202	GRAND RAPIDS	MI	49546	912025454	501(C)(3)	$30,000	GENERAL DONATION
LYNCHBURG HUMANE SOCIETY INC
1211 OLD GRAVES MILL RD	LYNCHBURG	VA	24502	540570901	501(C)(3)	$5,000	INVOLVEMENT AND COMMUNITY OUTREACH
OLD TIME GOSPEL HOUR
1971 UNIVERSITY BLVD	LYNCHBURG	VA	24515	237293001	501(C)(3)	$30,130	SUPPORTIVE CHRISTIAN NON-PROFIT ORGANIZATION
LYNCHBURG REGIONAL BUSINESS ALLIANCE
2015 MEMORIAL AVE	LYNCHBURG	VA	24501	540165020	501(C)(6)	$100,000	COMMUNITY SUPPORT
SAMARITANS PURSE
PO BOX 3000	BOONE	NC	28607	581437002	501(C)(3)	$5,560	GENERAL DONATION
TEEN PACT
610 MOOREFIELD PARK DR STE 700	RICHMOND	VA	232363693	582252295	501(C)(3)	$22,000	GENERAL DONATION

Field	Value	IRS element (for citing)
Total501c3 Org	6	Total501c3OrgCnt
Total Other Org	1	TotalOtherOrgCnt

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

Grant TypeGrantTypeTxt	RecipientRecipientCnt	Cash GrantCashGrantAmt
SCHOLARSHIPS	83749	$229,518,964
MISSIONARY ASSISTANCE	62	$187,685
BENEVOLENCE	4	$48,114

Supplemental Information Detail SupplementalInformationDetail

Field	Value	IRS element (for citing)
Form And Line Reference	PART I, LINE 2:	FormAndLineReferenceDesc
Explanation	DONATIONS ARE MADE TO NONPROFIT ORGANIZATIONS WHOSE PURPOSES ARE CONSISTENT WITH THE RELIGIOUS AND EDUCATIONAL PURPOSES OF LIBERTY UNIVERSITY. LIBERTY UNIVERSITY MAINTAINS CONTACT WITH ORGANIZATIONS TO ENSURE THE USE OF THE FUNDS ARE APPROPRIATE. 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
Personal Services	Yes (X)	PersonalServicesInd
Written Policy Ref T And E Expnss	Yes (1)	WrittenPolicyRefTAndEExpnssInd
Substantiation Required	Yes (1)	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 (1)	SeverancePaymentInd
Supplemental Nonqual Rtr Plan	0	SupplementalNonqualRtrPlanInd
Equity Based Comp Arrngm	0	EquityBasedCompArrngmInd
Comp Based On Revenue Of Flng Org	0	CompBasedOnRevenueOfFlngOrgInd
Comp Bsd On Rev Related Orgs	0	CompBsdOnRevRelatedOrgsInd
Comp Bsd Net Earns Flng Org	0	CompBsdNetEarnsFlngOrgInd
Comp Bsd Net Earns Rltd Orgs	0	CompBsdNetEarnsRltdOrgsInd
Any Non Fixed Payments	Yes (1)	AnyNonFixedPaymentsInd
Initial Contract Exception	0	InitialContractExceptionInd

Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (23 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
MR JERRY FALWELL
CHANCELLOR/PRESIDENT	$985,911	$0	$0	$0	$24,176	$0	$24,000	$0	$33,243	$0	$1,067,330	$0	$0	$0
MR DAVID CORRY
GENERAL COUNSEL/SECRETARY	$240,084	$0	$0	$0	$0	$0	$11,951	$0	$23,712	$0	$275,747	$0	$0	$0
DR RONALD HAWKINS
PROVOST & CHIEF ACADEMIC OFFICER	$253,866	$0	$0	$0	$0	$0	$12,543	$0	$21,124	$0	$287,533	$0	$0	$0
MR DON MOON
CFO/VP OF INVESTMENT MGMT	$252,200	$0	$0	$0	$0	$0	$12,352	$0	$17,028	$0	$281,580	$0	$0	$0
MR RANDALL SMITH
EVP & COO	$562,738	$0	$250,000	$0	$0	$0	$11,130	$0	$29,235	$0	$853,103	$0	$0	$0
DR ROBERT RITZ
EVP OF FINANCE	$220,303	$0	$8,225	$0	$0	$0	$10,294	$0	$23,544	$0	$262,366	$0	$0	$0
JOHN GAUGER
CIO	$236,724	$0	$0	$0	$0	$0	$11,800	$0	$23,663	$0	$272,187	$0	$0	$0
JERRY FALWELL III
VP OF UNIVERSITY SUPPORT SERVICES	$165,209	$0	$0	$0	$0	$0	$8,055	$0	$15,811	$0	$189,075	$0	$0	$0
SAMUEL BEAUMONT
SENIOR VP OF AUXILIARY SERVICE	$213,145	$0	$0	$0	$0	$0	$10,544	$0	$19,288	$0	$242,977	$0	$0	$0
LAWRENCE HINE
SENIOR VP OF STUDENT AFFAIRS	$179,576	$0	$0	$0	$0	$0	$8,887	$0	$20,047	$0	$208,510	$0	$0	$0
CHRIS JOHNSON
EVP FOR RESIDENT ENROLLMENT	$248,016	$0	$0	$0	$27,551	$0	$12,553	$0	$23,305	$0	$311,425	$0	$0	$0
RONALD KENNEDY
EVP OF ONLINE ENROLLMENT	$244,835	$0	$50,000	$0	$0	$0	$12,051	$0	$24,170	$0	$331,056	$0	$0	$0
IAN MCCAW
DIRECTOR OF ATHLETICS	$458,279	$0	$0	$0	$17,797	$0	$22,500	$0	$27,197	$0	$525,773	$0	$0	$0
DR BEN GUTIERREZ
CO-PROVOST & VP FOR ACADEMIC AFFAIRS	$216,037	$0	$0	$0	$0	$0	$9,980	$0	$12,362	$0	$238,379	$0	$0	$0
DAVID NASSER
SR. VP OF SPIRITUAL DEVELOPMENT	$344,660	$0	$0	$0	$7,355	$0	$17,072	$0	$12,687	$0	$381,774	$0	$0	$0
CHARLES SPENCE
SR. VP OF FACILITIES MANAGEMENT	$238,278	$0	$0	$0	$0	$0	$11,298	$0	$21,086	$0	$270,662	$0	$0	$0
LAURA WALLACE
EVP OF HUMAN RESOURCES	$288,567	$0	$0	$0	$0	$0	$14,147	$0	$17,564	$0	$320,278	$0	$0	$0
TURNER GILL
HEAD COACH - FOOTBALL	$739,126	$0	$16,000	$0	$0	$0	$24,000	$0	$29,946	$0	$809,072	$0	$0	$0
RITCHIE MCKAY
HEAD COACH - MENS BASKETBALL	$564,194	$0	$25,000	$0	$0	$0	$22,137	$0	$29,102	$0	$640,433	$0	$0	$0
RAY MORRISON
ASST DEAN, CLINICAL EDUCATION	$259,175	$0	$0	$0	$0	$0	$1,091	$0	$22,441	$0	$282,707	$0	$0	$0
DR PETER BELL
DEAN, LU COLLEGE OF OSTEOPATHIC MEDI	$322,394	$0	$0	$0	$5,660	$0	$15,000	$0	$18,411	$0	$361,465	$0	$0	$0
CAREY GREEN
HEAD COACH - WOMENS BASKETBALL	$243,906	$0	$15,000	$0	$0	$0	$11,844	$0	$21,392	$0	$292,142	$0	$0	$0
JEFF BARBER
FORMER KEY EMPLOYEE	$321,350	$0	$0	$0	$0	$0	$15,583	$0	$22,711	$0	$359,644	$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 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 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 CHANCELLOR/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. COMPENSATION IS FURTHER REVIEWED DURING THE BUDGETING PROCESS.
PART I, LINE 4A	JEFF BARBER RECEIVED A SEVERANCE PAYMENT IN THE AMOUNT OF $359,644.
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 ON THE INDIVIDUAL'S W-2.

Schedule K IRS990ScheduleK

Tax Exempt Bonds Issues TaxExemptBondsIssuesGrp

Field	Value	IRS element (for citing)
Bond Reference	A	BondReferenceCd

Issuer Name IssuerName

Field	Value	IRS element (for citing)
Business Name Line1	VIRGINIA COLLEGE BUILDING AUTHORITY	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Bond Issuer EIN	541249154	BondIssuerEIN
CUSIP	927781WR1	CUSIPNum
Bond Issued	2010-12-21	BondIssuedDt
Issue Price	$121,891,446	IssuePriceAmt
Purpose	REFINANCE DEBT, EDUCATIONAL RELATED NEW CONSTRUCTION	PurposeDesc
Defeased	0	DefeasedInd
On Behalf Of Issuer	0	OnBehalfOfIssuerInd
Pool Financing	0	PoolFinancingInd

Tax Exempt Bonds Proceeds TaxExemptBondsProceedsGrp

Field	Value	IRS element (for citing)
Bond Reference	A	BondReferenceCd
Retired	$23,880,025	RetiredAmt
Total Proceeds	$121,891,446	TotalProceedsAmt
Issuance Costs From Proceeds	$1,074,238	IssuanceCostsFromProceedsAmt
Capital Expenditures	$76,341,830	CapitalExpendituresAmt
Other Spent Proceeds	$20,596,481	OtherSpentProceedsAmt
Substantial Completion	2013	SubstantialCompletionYr
Current Refunding	Yes (1)	CurrentRefundingInd
Advance Refunding	0	AdvanceRefundingInd
Final Allocation Made	Yes (1)	FinalAllocationMadeInd
Adequate Books And Rec Maint	Yes (1)	AdequateBooksAndRecMaintInd

Tax Exempt Bonds Private Bus Use TaxExemptBondsPrivateBusUseGrp

Field	Value	IRS element (for citing)
Bond Reference	A	BondReferenceCd
Owning Bond Financed Property	0	OwningBondFinancedPropertyInd
Any Lease Arrangements	0	AnyLeaseArrangementsInd
Mgmt Contract Bond Fincd Prop	Yes (1)	MgmtContractBondFincdPropInd
Engage Bond Counsel Contracts	Yes (1)	EngageBondCounselContractsInd
Any Research Agreements	0	AnyResearchAgreementsInd
Private Bus Use By Others	0.02090	PrivateBusUseByOthersPct
Private Bus Concerning UBI	0.00320	PrivateBusConcerningUBIPct
Total Private Business Use	0.02410	TotalPrivateBusinessUsePct
Bond Iss Meet Prvt Sec Pymt Test	Yes (1)	BondIssMeetPrvtSecPymtTestInd
Change In Use Bond Financed Prop	0	ChangeInUseBondFinancedPropInd
Procs Nonqualified Bond Remdtd	Yes (1)	ProcsNonqualifiedBondRemdtdInd

Tax Exempt Bonds Arbitrage TaxExemptBondsArbitrageGrp

Field	Value	IRS element (for citing)
Bond Reference	A	BondReferenceCd
Form8038 T Filed	Yes (1)	Form8038TFiledInd
Variable Rate Issue	0	VariableRateIssueInd
Hedge Identified In Bks And Rec	0	HedgeIdentifiedInBksAndRecInd
Gross Proceeds Invested In GIC	0	GrossProceedsInvestedInGICInd
Gross Proceeds Invested	0	GrossProceedsInvestedInd
Written Proc To Monitor Reqs	Yes (1)	WrittenProcToMonitorReqsInd

Procedures Corrective Action ProceduresCorrectiveActionGrp

Field	Value	IRS element (for citing)
Bond Reference	A	BondReferenceCd
Procedures Corrective Action	0	ProceduresCorrectiveActionInd

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Form And Line ReferenceFormAndLineReferenceDesc	ExplanationExplanationTxt
PART I COLUMN F:	REFINANCE DEBT: 44,476,507
PART I COLUMN F:	CONSTRUCT EDUCATIONALLY RELATED FACILITIES: 76,341,830

Schedule L IRS990ScheduleL

Loans Btwn Org Interested Prsn LoansBtwnOrgInterestedPrsnGrp

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	SUBSTANTIAL CONTRIBUTOR	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Relationship With Org	SUBSTANTIAL CONTRIBUTOR	RelationshipWithOrgTxt
Loan Purpose	CONSTRUCTION MANAGEMENT AGENT FOR LU PROJECTS	LoanPurposeTxt
Loan From Organization	Yes (X)	LoanFromOrganizationInd
Original Principal	$750,000	OriginalPrincipalAmt
Balance Due	$356,125	BalanceDueAmt
Default	0	DefaultInd
Board Or Committee Approval	0	BoardOrCommitteeApprovalInd
Written Agreement	Yes (1)	WrittenAgreementInd

Field	Value	IRS element (for citing)
Total Balance Due	$356,125	TotalBalanceDueAmt

Grnt Asst Bnft Interested Prsn GrntAsstBnftInterestedPrsnGrp

Field	Value	IRS element (for citing)
Cash Grant	$363,944	CashGrantAmt
Type Of Assistance	GRANTS TO DEPENDENTS OF BOARD MEMBERS, OFFICERS, & KEY EMPLOYEES	TypeOfAssistanceTxt
Assistance Purpose	EDUCATION BENEFITS FOR DEPENDENTS OF EMPLOYEES	AssistancePurposeTxt

Bus Tr Involve Interested Prsn BusTrInvolveInterestedPrsnGrp (35 entries)

Relationship DescriptionRelationshipDescriptionTxt	TransactionTransactionAmt	TransactionTransactionDesc	Sharing Of RevenuesSharingOfRevenuesInd
WESLEY FALWELL
SON OF BOARD MEMBER AND OFFICER	$54,744	COMPENSATION	0
BERNIE BECKLES
WIFE OF BOARD MEMBER	$17,100	COMPENSATION	0
RYAN D RUSH
SON IN LAW OF BOARD MEMBER	$15,000	COMPENSATION	0
VIRGINIA DOW
SISTER IN LAW OF AN OFFICER	$96,671	COMPENSATION	0
SCOTT HAWKINS
SON OF AN OFFICER	$184,175	COMPENSATION	0
JONATHAN WALLACE
SON OF A KEY EMPLOYEE	$75,264	COMPENSATION	0
JOSHUA SPENCE
SON OF A KEY EMPLOYEE	$22,098	COMPENSATION	0
KATHLEEN SPENCE
WIFE OF A KEY EMPLOYEE	$57,622	COMPENSATION	0
JENNIFER KENNEDY
WIFE OF A KEY EMPLOYEE	$65,500	COMPENSATION	0
LAURA FALWELL
DAUGHTER IN LAW OF BOARD MEMBER AND OFFICER	$57,751	COMPENSATION	0
NASTARAN MORGAN
SISTER OF A KEY EMPLOYEE	$51,334	COMPENSATION	0
VINCENT TICKLE
SON IN LAW OF BOARD MEMBER	$100,772	COMPENSATION	0
SARAH FALWELL
WIFE OF A KEY EMPLOYEE	$63,315	COMPENSATION	0
EMILY HINE ELROD
DAUGHTER OF A KEY EMPLOYEE	$15,086	COMPENSATION	0
JESSICA SMITH
DAUGHTER OF A KEY EMPLOYEE	$38,335	COMPENSATION	0
TAMMY GUTIERREZ
WIFE OF A KEY EMPLOYEE	$43,100	COMPENSATION	0
ROBERT N RITZ
SON OF AN OFFICER	$30,590	COMPENSATION	0
BRANDON ELROD
SON IN LAW OF A KEY EMPLOYEE	$44,519	COMPENSATION	0
RUDY NASSER
SON OF A KEY EMPLOYEE	$34,237	COMPENSATION	0
DR ELMER TOWNS
CO-FOUNDER	$122,394	COMPENSATION	0
JENNIFER NASSER
WIFE OF A KEY EMPLOYEE	$96,688	COMPENSATION	0
JF MANAGEMENT
OWNED BY WIFE OF KEY EMPLOYEE	$58,405	COMPENSATION	0
CEDAR RIDGE MANAGEMENT
OWNED BY SON OF BOARD MEMBER AND OFFICER	$46,602	COMPENSATION	0
REDFINCH SOLUTIONS
BUSINESS OWNED BY KEY EMPLOYEE	$123,950	PAYMENT PAID FOR SERVICES; RENT RECEIVED	0
DUCAR INTERNATIONAL
BUSINESS OWNED BY BOARD MEMBER	$135,525	PAYMENT FOR SERVICES	0
SUBSTANTIAL CONTRIBUTOR
SUBSTANTIAL CONTRIBUTOR	$185,883	PAYMENT FOR VEHICLE REPAIR SERVICES	0
SUBSTANTIAL CONTRIBUTOR
SUBSTANTIAL CONTRIBUTOR	$200,773	PAYMENT FOR DEMOLITION SERVICES	0
SUBSTANTIAL CONTRIBUTOR
SUBSTANTIAL CONTRIBUTOR	$322,916	PAYMENT FOR SURVEYING, ENGINEERING, AND PLANNING SERVICES	0
SUBSTANTIAL CONTRIBUTOR
SUBSTANTIAL CONTRIBUTOR	$558,119	PAYMENT FOR FUEL & PAYMENT RECEIVED FOR ADVERTISING SERVICES	0
SUBSTANTIAL CONTRIBUTOR
SUBSTANTIAL CONTRIBUTOR	$441,315	PAYMENT FOR HEATING AND AIR INSTALLATION	0
SUBSTANTIAL CONTRIBUTOR
SUBSTANTIAL CONTRIBUTOR	$9,074,123	PAYMENT FOR CONSTRUCTION SERVICES	0
SUBSTANTIAL CONTRIBUTOR
SUBSTANTIAL CONTRIBUTOR	$76,886,103	PAYMENT FOR CONSTRUCTION SERVICES	0
SUBSTANTIAL CONTRIBUTOR
SUBSTANTIAL CONTRIBUTOR	$528,918	PAYMENT FOR CONSTRUCTION SERVICES	0
SUBSTANTIAL CONTRIBUTOR
SUBSTANTIAL CONTRIBUTOR	$5,294,957	PAYMENT FOR MEDIA SERVICES	0
SUBSTANTIAL CONTRIBUTOR
SUBSTANTIAL CONTRIBUTOR	$4,270,413	PAYMENT FOR INVESTMENT MANAGEMENT SERVICES	0

Supplemental Information Detail SupplementalInformationDetail

Field	Value	IRS element (for citing)
Form And Line Reference	SCHEDULE L, PART IV, BUSINESS TRANSACTIONS INVOLVING INTERESTED PERSONS	FormAndLineReferenceDesc
Explanation	THE COMPENSATION AMOUNTS ALSO INCLUDE BENEFITS.	ExplanationTxt

Schedule M IRS990ScheduleM

Securities Publicly Traded SecuritiesPubliclyTradedGrp

Field	Value	IRS element (for citing)
Non Cash Checkbox	Yes (X)	NonCashCheckboxInd
Contribution	7	ContributionCnt
Noncash Contributions Rpt F990	$1,654,842	NoncashContributionsRptF990Amt
Method Of Determining Revenues	FAIR MARKET VALUE	MethodOfDeterminingRevenuesTxt

Real Estate Commercial RealEstateCommercialGrp

Field	Value	IRS element (for citing)
Non Cash Checkbox	Yes (X)	NonCashCheckboxInd
Contribution	2	ContributionCnt
Noncash Contributions Rpt F990	$2,240,000	NoncashContributionsRptF990Amt
Method Of Determining Revenues	FAIR MARKET VALUE	MethodOfDeterminingRevenuesTxt

Other Non Cash Contri Table OtherNonCashContriTableGrp (2 entries)

Non Cash CheckboxNonCashCheckboxInd	DescDesc	ContributionContributionCnt	Noncash Contributions Rpt F990NoncashContributionsRptF990Amt	Method Of Determining RevenuesMethodOfDeterminingRevenuesTxt
Yes (X)	EQUIPMENT	2	$1,170,084	FAIR MARKET VALUE
Yes (X)	HORSES	6	$91,499	FAIR MARKET VALUE

Field	Value	IRS element (for citing)
Any Property That Must Be Held	0	AnyPropertyThatMustBeHeldInd
Review Process Unusual NC Gifts	Yes (1)	ReviewProcessUnusualNCGiftsInd
Third Parties Used	0	ThirdPartiesUsedInd

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (7 entries)

Form And Line ReferenceFormAndLineReferenceDesc	ExplanationExplanationTxt
FORM 990, PART VI, SECTION A, LINE 2	MR. JERRY FALWELL, JR. AND MR JONATHAN FALWELL CURRENTLY SIT ON THE BOARD OF TRUSTEES AND ARE BROTHERS. MR. JEFFREY F. BENSON AND MRS. GAYE OVERTON BENSON CURRENTLY SIT ON THE BOARD OF TRUSTEES AND ARE HUSBAND AND WIFE.
FORM 990, PART VI, SECTION B, LINE 11B	THE FORM 990 FOR FY JUNE 30, 2018 WAS PROVIDED BEFORE FILING TO THE CHANCELLOR/PRESIDENT, IN-HOUSE LEGAL COUNSEL, CHIEF FINANCIAL OFFICER, DIRECTOR OF ACCOUNTING AND THE EXECUTIVE COMMITTEE OF THE BOARD (WHICH IS THE GOVERNING BODY OF THE ORGANIZATION BETWEEN BOARD MEETINGS) FOR REVIEW.
FORM 990, PART VI, SECTION B, LINE 12C	THE CFO COLLECTS ANNUAL CONFLICT OF INTEREST QUESTIONNAIRES AND, PURSUANT TO THE BYLAWS, BRINGS ANY DISCLOSED CONFLICTS OF INTEREST TO THE AUDIT COMMITTEE. IF A CONFLICT OF INTEREST ARISES IT IS HANDLED ON A CASE BY CASE BASIS WHERE LEGAL COUNSEL, THE CHAIRMAN OF THE BOARD OF TRUSTEES AND THE PRESIDENT OF THE UNIVERSITY DECIDE ON THE MOST APPROPRIATE COURSE OF ACTION. RECUSAL FROM ANY DELIBERATIONS AND VOTE CONCERNING MATTERS IMPACTED BY THE CONFLICT WOULD BE THE TYPICAL SOLUTION.
FORM 990, PART VI, SECTION B, LINE 15	COMPENSATION OF THE CHANCELLOR/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. COMPENSATION IS FURTHER REVIEWED DURING THE BUDGETING PROCESS.
FORM 990, PART VI, SECTION C, LINE 19	GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST.
FORM 990, PART XI, LINE 9:	CHANGE IN SPLIT INTEREST AGREEMENT 4,718,111. CONSOLIDATING ENTRY NOT MADE ON AFS 10,000.
FORM 990, PART XII, LINE 2C:	THE ORGANIZATION DID NOT CHANGE ITS OVERSIGHT PROCESS OR SELECTION PROCESS DURING THE TAX YEAR.

Schedule R IRS990ScheduleR

Id Disregarded Entities IdDisregardedEntitiesGrp (21 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
C&C AVIATION LLC
1971 UNIVERSITY BLVD	LYNCHBURG	VA	24515	540946734	AIRFARE FOR UNIVERSITY AFFAIRS	VA	-$1,222,968	$6,993,751	LIBERTY UNIVERSITY INC
IVY HILL RECREATION LLC
1971 UNIVERSITY BLVD	LYNCHBURG	VA	24515	460903360	STUDENT RECREATION	VA	-$30,602	$2,852,686	LIBERTY UNIVERSITY INC
LIBERTY RIDGE LLC
1971 UNIVERSITY BLVD	LYNCHBURG	VA	24515	270714028	REAL ESTATE HOLDINGS	VA	$252,163	$9,701,450	LIBERTY UNIVERSITY INC
LU CANDLERS STATION HOLDINGSLLC
1971 UNIVERSITY BLVD	LYNCHBURG	VA	24515	271753489	REAL ESTATE HOLDINGS	VA	$1,391,592	$26,312,574	LIBERTY UNIVERSITY INC
LU PLAZA HOLDINGSLLC
1971 UNIVERSITY BLVD	LYNCHBURG	VA	24515	270217985	REAL ESTATE HOLDINGS	VA	$607,867	$26,332,148	LIBERTY UNIVERSITY INC
MORNING STAR BROADCASTING LLC
1971 UNIVERSITY BLVD	LYNCHBURG	VA	24515	463731118	TELEVISION BROADCASTING	VA	-$351,884	$1,249,826	LIBERTY UNIVERSITY INC
CROSSROADS INVESTMENTS LLC
1971 UNIVERSITY BLVD	LYNCHBURG	VA	24515	473991939	REAL ESTATE HOLDINGS	VA	-$285	$350,498	LIBERTY UNIVERSITY INC
LIBERTY MOUNTAIN MEDICAL GROUP LLC
1971 UNIVERSITY BLVD	LYNCHBURG	VA	24515	472935244	INVESTMENT IN MEDICAL ENTITY TO ACHIEVE COCA ACCREDITATION FOR MEDICAL SCH	VA	-$332,957	$415,244	LIBERTY UNIVERSITY INC
BURTON REALTY I
1971 UNIVERSITY BLVD	LYNCHBURG	VA	24515	540946734	REAL ESTATE HOLDINGS	VA	$11,945	$7,992,780	LIBERTY UNIVERSITY INC
BURTON REALTY II
1971 UNIVERSITY BLVD	LYNCHBURG	VA	24515	540946734	REAL ESTATE HOLDINGS	VA	$12,453	$8,332,898	LIBERTY UNIVERSITY INC
BURTON REALTY III
1971 UNIVERSITY BLVD	LYNCHBURG	VA	24515	540946734	REAL ESTATE HOLDINGS	VA	$254	$170,059	LIBERTY UNIVERSITY INC
BURTON REALTY IV
1971 UNIVERSITY BLVD	LYNCHBURG	VA	24515	540946734	REAL ESTATE HOLDINGS	VA	$254	$170,059	LIBERTY UNIVERSITY INC
BURTON REALTY V
1971 UNIVERSITY BLVD	LYNCHBURG	VA	24515	540946734	REAL ESTATE HOLDINGS	VA	$254	$170,059	LIBERTY UNIVERSITY INC
BURTON REALTY VI
1971 UNIVERSITY BLVD	LYNCHBURG	VA	24515	540946734	REAL ESTATE HOLDINGS	VA	$254	$170,059	LIBERTY UNIVERSITY INC
LIBERTY MOTION PICTURE COMPANY
1971 UNIVERSITY BLVD	LYNCHBURG	VA	24515	465653798	CINEMATIC ARTS	VA	$0	$34,563	LIBERTY UNIVERSITY INC
AIRPORT PLAZA HOLDINGS LLC
1971 UNIVERSITY BLVD	LYNCHBURG	VA	24515	471347963	REAL ESTATE HOLDINGS	VA	$417,199	$7,552,658	LIBERTY UNIVERSITY INC
RED TIE MUSIC LLC
1971 UNIVERSITY BLVD	LYNCHBURG	VA	24515	461340766	TO FACILITATE THE PUBLISHING EFFORTS OF STUDENTS	VA	$22,629	$172,961	LIBERTY UNIVERSITY INC
LIBERTY HEALTH SERVICES LLC
1971 UNIVERSITY BLVD	LYNCHBURG	VA	24515	475575947	INVESTMENT IN MEDICAL ENTITIES TO ACHIEVE COCA ACCREDITATION FOR MEDICAL SCH	VA	$117,504	$2,301,900	LIBERTY UNIVERSITY INC
RIVER RIDGE MALL JV LLC
1971 UNIVERSITY BLVD	LYNCHBURG	VA	24515	811762010	REAL ESTATE HOLDINGS	VA	$317,498	$53,737,331	LIBERTY UNIVERSITY INC
LUCOM GRADUATE MEDICAL EDUCATION SERVICES LLC
1971 UNIVERSITY BLVD	LYNCHBURG	VA	24515	831769271	MEDICAL HEALTH EDUCATION	VA	$0	$0	LIBERTY UNIVERSITY INC
LU WARDS ROAD CENTER HOLDINGS LLC
1971 UNIVERSITY BLVD	LYNCHBURG	VA	24515	825392968	RENTAL REAL ESTATE	VA	$21,633	$5,100,367	LIBERTY UNIVERSITY INC

Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp (5 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
1971 UNIVERSITY BLVD	LYNCHBURG	VA	24515	260061907	RELIGIOUS	VA	501(C)(3)	LINE 1	BOARD OF DEACONS	0
LIBERTY UNIVERSITY FOUNDATION
1971 UNIVERSITY BLVD	LYNCHBURG	VA	24515	541939910	RELIGIOUS	DC	501(C)(3)	LINE 10	LIBERTY UNIVERSITY INC	Yes (1)
OLD TIME GOSPEL HOUR
1971 UNIVERSITY BLVD	LYNCHBURG	VA	24515	237293001	RELIGIOUS	VA	501(C)(3)	LINE 10	LIBERTY UNIVERSITY INC	Yes (1)
LIBERTY CHRISTIAN ACADEMY
1971 UNIVERSITY BLVD	LYNCHBURG	VA	24515	540831546	PRIMARY AND SECONDARY EDUCATION	VA	501(C)(3)	LINE 2	LIBERTY UNIVERSITY INC	Yes (1)
LIBERTY UNIVERSITY ENDOWMENT TRUST
1971 UNIVERSITY BLVD	LYNCHBURG	VA	24515	541851119	RELIGIOUS	VA	501(C)(3)	LINE 10	LIBERTY UNIVERSITY INC	Yes (1)

Id Related Org Txbl Partnership IdRelatedOrgTxblPartnershipGrp

Related Organization Name RelatedOrganizationName

Field	Value	IRS element (for citing)
Business Name Line1	RIVER RIDGE MALL JV LLC	BusinessNameLine1Txt

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	2030 HAMILTON PLACE BLVD SUITE 500	AddressLine1Txt
City	CHATTANOOGA	CityNm
State Abbreviation	TN	StateAbbreviationCd
ZIP	374216000	ZIPCd

Field	Value	IRS element (for citing)
EIN	811762010	EIN
Primary Activities	RENTAL REAL ESTATE	PrimaryActivitiesTxt
Legal Domicile State	TN	LegalDomicileStateCd

Direct Controlling Entity Name DirectControllingEntityName

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

Field	Value	IRS element (for citing)
Predominant Income Type	INVESTMENT/UNRELATED	PredominantIncomeTypeTxt
Share Of Total Income	$118,938	ShareOfTotalIncomeAmt
Disproportionate Allocations	0	DisproportionateAllocationsInd
UBI Code V	$657	UBICodeVAmt
General Or Managing Partner	0	GeneralOrManagingPartnerInd
Ownership	0.75000	OwnershipPct

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
310 HANGAR ROAD	LYNCHBURG	VA	24502	540755641	PROVIDES CHARTER & MAINTENANCE SERVICES TO LU AND GENERAL PUBLIC	VA	LIBERTY UNIVERSITY INC	C	$982,608	$6,936,368	1.00000	Yes (1)
LIBERTY MOUNTAIN CAPITAL INC
1971 UNIVERSITY BLVD	LYNCHBURG	VA	24515	272376207	INVESTMENT HOLDINGS COMPANY	VA	LIBERTY UNIVERSITY INC	C	$81,216	$538,742	1.00000	Yes (1)
G&J THOMAS INC
1971 UNIVERSITY BLVD	LYNCHBURG	VA	24515	450596703	STUDENT HOUSING	VA	LIBERTY UNIVERSITY INC	S	$108,914	$4,794,767	1.00000	Yes (1)

Field	Value	IRS element (for citing)
Receipt Of Int Annts Rnts Rylts	Yes (1)	ReceiptOfIntAnntsRntsRyltsInd
Gift Grnt Or Cap Contri To Oth Org	Yes (1)	GiftGrntOrCapContriToOthOrgInd
Gift Grnt Cap Contri From Oth Org	Yes (1)	GiftGrntCapContriFromOthOrgInd
Loans Or Guarantees To Other Org	Yes (1)	LoansOrGuaranteesToOtherOrgInd
Loans Or Guarantees From Oth Org	0	LoansOrGuaranteesFromOthOrgInd
Div Related Organization	0	DivRelatedOrganizationInd
Asset Sale To Other Org	0	AssetSaleToOtherOrgInd
Asset Purchase From Other Org	0	AssetPurchaseFromOtherOrgInd
Asset Exchange	0	AssetExchangeInd
Rental Of Facilities To Oth Org	Yes (1)	RentalOfFacilitiesToOthOrgInd
Rental Of Fclts From Oth Org	Yes (1)	RentalOfFcltsFromOthOrgInd
Perform Of Services For Oth Org	0	PerformOfServicesForOthOrgInd
Perform Of Services By Other Org	Yes (1)	PerformOfServicesByOtherOrgInd
Sharing Of Facilities	Yes (1)	SharingOfFacilitiesInd
Paid Employees Sharing	Yes (1)	PaidEmployeesSharingInd
Reimbursement Paid To Other Org	0	ReimbursementPaidToOtherOrgInd
Reimbursement Paid By Other Org	Yes (1)	ReimbursementPaidByOtherOrgInd
Transfer To Other Org	0	TransferToOtherOrgInd
Transfer From Other Org	0	TransferFromOtherOrgInd

Transactions Related Org TransactionsRelatedOrgGrp (5 entries)

Transaction TypeTransactionTypeTxt	InvolvedInvolvedAmt	Method Of Amount DeterminationMethodOfAmountDeterminationTxt
FREEDOM AVIATION
A	$25,493	ACCRUAL
OLD TIME GOSPEL HOUR
A	$15,251	ACCRUAL
FREEDOM AVIATION
J	$413,822	ACCRUAL
G & J THOMAS INC
K	$468,435	ACCRUAL
FREEDOM AVIATION
M	$2,761,537	ACCRUAL