LIBERTY UNIVERSITY INC: Form 990, tax year 2024

View the entire original 990 at ProPublica ↗

Organization: LIBERTY UNIVERSITY INC (EIN 54-0946734)
Tax period: 2024-07-01 to 2025-06-30
Filed: 2026-05-14
IRS object ID: 202621349349312962
Schema version: 2024v5.1
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	2026-05-14T19:05:49+00:00	ReturnTs
Tax Period End	2025-06-30	TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Field	Value	IRS element (for citing)
Preparer Firm EIN	135381590	PreparerFirmEIN

Preparer Firm Name PreparerFirmName

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

Preparer US Address PreparerUSAddress

Field	Value	IRS element (for citing)
Address Line1	421 FAYETTEVILLE ST STE 300	AddressLine1Txt
City	RALEIGH	CityNm
State Abbreviation	NC	StateAbbreviationCd
ZIP	276011776	ZIPCd

Field	Value	IRS element (for citing)
Return Type	990	ReturnTypeCd
Tax Period Begin	2024-07-01	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	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	4045924800	PhoneNum
Signature	2026-05-14	SignatureDt
Discuss With Paid Preparer	Yes (true)	DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

Field	Value	IRS element (for citing)
Preparer Person	SANDRA L FEINSMITH	PreparerPersonNm
PTIN	P01064157	PTIN
Phone	9197549370	PhoneNum
Preparation	2026-05-14	PreparationDt

Field	Value	IRS element (for citing)
Tax	2024	TaxYr
Build TS	2025-03-06 01:10:19Z	BuildTS

Form 990 IRS990

Principal Ofcr Business Name PrincipalOfcrBusinessName

Field	Value	IRS element (for citing)
Business Name Line1	DR ROBERT RITZ	BusinessNameLine1Txt

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	$4,753,498,327	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	31	VotingMembersGoverningBodyCnt
Voting Members Independent	9	VotingMembersIndependentCnt
Total Employee	13542	TotalEmployeeCnt
Total Volunteers	14645	TotalVolunteersCnt
Total Gross UBI	$44,613,713	TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm	$1,026,188	NetUnrelatedBusTxblIncmAmt
PY Contributions Grants	$28,047,029	PYContributionsGrantsAmt
CY Contributions Grants	$18,446,326	CYContributionsGrantsAmt
PY Program Service Revenue	$1,572,295,151	PYProgramServiceRevenueAmt
CY Program Service Revenue	$1,637,927,138	CYProgramServiceRevenueAmt
PY Investment Income	$158,502,160	PYInvestmentIncomeAmt
CY Investment Income	$231,963,831	CYInvestmentIncomeAmt
PY Other Revenue	$43,461,468	PYOtherRevenueAmt
CY Other Revenue	$51,583,296	CYOtherRevenueAmt
PY Total Revenue	$1,802,305,808	PYTotalRevenueAmt
CY Total Revenue	$1,939,920,591	CYTotalRevenueAmt
PY Grants And Similar Paid	$365,735,302	PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid	$379,340,949	CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members	$0	PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members	$0	CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid	$626,090,658	PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid	$674,249,645	CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns	$0	PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns	$0	CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense	$8,991,050	CYTotalFundraisingExpenseAmt
PY Other Expenses	$465,043,926	PYOtherExpensesAmt
CY Other Expenses	$475,095,076	CYOtherExpensesAmt
PY Total Expenses	$1,456,869,886	PYTotalExpensesAmt
CY Total Expenses	$1,528,685,670	CYTotalExpensesAmt
PY Revenues Less Expenses	$345,435,922	PYRevenuesLessExpensesAmt
CY Revenues Less Expenses	$411,234,921	CYRevenuesLessExpensesAmt
Total Assets BOY	$4,612,068,688	TotalAssetsBOYAmt
Total Assets EOY	$5,085,879,052	TotalAssetsEOYAmt
Total Liabilities BOY	$308,720,386	TotalLiabilitiesBOYAmt
Total Liabilities EOY	$299,310,059	TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY	$4,303,348,302	NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY	$4,786,568,993	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	$1,067,335,104	ExpenseAmt
Grant	$379,340,949	GrantAmt
Revenue	$1,490,032,244	RevenueAmt
Desc	INSTRUCTION OF APPROXIMATELY 140,000 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	$231,074,675	ExpenseAmt
Grant	$0	GrantAmt
Revenue	$150,505,901	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	$1,298,409,779	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
Escrow Account	false	EscrowAccountInd
On Behalf Of Issuer	false	OnBehalfOfIssuerInd
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	869	IRPDocumentCnt
IRP Document W2 G	0	IRPDocumentW2GCnt
Backup Wthld Compliance	Yes (true)	BackupWthldComplianceInd
Employee	13542	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
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	31	GoverningBodyVotingMembersCnt
Independent Voting Member	9	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
Policies Reference Chapters	false	PoliciesReferenceChaptersInd
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	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

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	DR ROBERT RITZ	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
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

Form990 Part VII Section A Form990PartVIISectionAGrp (58 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
Dr Dondi Costin
Trustee/President	53.5	1.5	Yes (X)	Yes (X)	$1,095,435	$0	$32,225
Rev Jonathan Falwell
Trustee/Chancellor	30.0	2.5	Yes (X)	Yes (X)	$552,610	$0	$2,045
Dr Allen McFarland
Trustee	1.0	0	Yes (X)		$1,000	$0	$0
Dr Brian Autry
Trustee & Adjunct Professor	27.0	0	Yes (X)		$48,000	$0	$0
Dr David Rhodenhizer
Trustee	3.0	0	Yes (X)		$0	$0	$0
Dr Don Crain
Trustee	2.0	0	Yes (X)		$0	$0	$0
Dr Dwight Reighard
Trustee	2.0	0	Yes (X)		$0	$0	$0
Dr Gene Mims
Trustee	2.0	0	Yes (X)		$507	$0	$0
Dr Harold Rawlings
Trustee	1.0	0	Yes (X)		$0	$0	$0
Dr Jack Graham
Trustee	2.0	0	Yes (X)		$0	$0	$0
Dr James Scroggins IV
Trustee	1.0	0	Yes (X)		$0	$0	$0
Dr Jeannie Rivers
Trustee	1.0	0	Yes (X)		$0	$0	$0
Dr Jerry Prevo
Trustee/President Emeritus	42.0	0.0	Yes (X)		$395,001	$0	$33,279
Dr Jerry Vines
Trustee	3.0	0	Yes (X)		$0	$0	$0
Dr John Borek Jr
Trustee & Adjunct Professor	27.0	0	Yes (X)		$34,100	$0	$0
Dr Richard G Lee
Trustee	1.0	0	Yes (X)		$179	$0	$0
Evangelist Tim Lee
Trustee/Chairman	4.0	0	Yes (X)		$15,828	$0	$0
Evangelist William F Graham IV
Trustee/Vice Chairman	2.0	0	Yes (X)		$0	$0	$0
Mr Anthony Beckles
Trustee & Online Chair	42.0	1.0	Yes (X)		$120,364	$0	$16,050
Mr Carroll Hudson
Trustee	4.0	0	Yes (X)		$1,183	$0	$0
Mr Chris Rhodenhizer
Trustee	1.0	0	Yes (X)		$0	$0	$0
Mr David Rice
Trustee	2.0	0	Yes (X)		$0	$0	$0
Mr Galen Peel Sr
Trustee	1.0	0	Yes (X)		$0	$0	$0
Mr Gilbert Tinney
Trustee	2.0	0	Yes (X)		$169	$0	$0
Mr Jeffery S Yager
Trustee	2.0	0	Yes (X)		$0	$0	$0
Mr Jeffrey F Benson
Trustee	3.0	0	Yes (X)		$0	$0	$0
Mr John Heath
Trustee	2.0	0	Yes (X)		$0	$0	$0
Mr Richard Osborne
Trustee	1.0	0	Yes (X)		$0	$0	$0
Mr William Tinney
Trustee	2.0	0	Yes (X)		$0	$0	$0
Mrs Gaye Overton Benson
Trustee	2.0	0	Yes (X)		$0	$0	$0
Ms Angela Jordan
Trustee	1.0	0	Yes (X)		$0	$0	$0
Ms Penny Nance
Trustee	1.0	0	Yes (X)		$17,790	$0	$0
Dr Robert Ritz
Chief Financial Officer/Treasurer	53.5	1.5		Yes (X)	$665,613	$0	$61,882
Dr Scott Hicks
Provost and Chief Academic Officer	54.0	1.0		Yes (X)	$527,278	$0	$22,753
Mr Daniel Applewhite
Deputy General Counsel/Assistant Secretary	55.0	0		Yes (X)	$284,296	$0	$38,282
Mr David Corry
General Counsel/Secretary	55.0	0		Yes (X)	$471,052	$0	$44,699
Mrs Cindy Gaebe
SVP of Finance and Chief Investment Officer	51.0	4.0		Yes (X)	$392,587	$0	$39,952
Dr Lawrence Hine
SVP of Student Affairs	53.0	2.0			$318,540	$0	$30,735	Yes (X)
Dr Ronald Kennedy
EVP for Enrollment Management & Marketing	55.0	0			$546,123	$0	$89,985	Yes (X)
Mr Brian Mentzer
EVP of Development	55.0	0			$265,137	$0	$56,472	Yes (X)
Mr Craig Pettit
VP of Real Estate Management	54.5	0.5			$260,763	$0	$39,893	Yes (X)
Mr Daniel Deter
SVP of Construction and Facilities Management	55.0	0			$340,959	$0	$68,556	Yes (X)
Mr Ian McCaw
VP & Director of Athletics	55.0	0			$955,806	$0	$61,101	Yes (X)
Mr John Gauger
Chief Information Officer and EVP of Analytics	55.0	0			$425,111	$0	$42,584	Yes (X)
Mr Matt Cooper
VP of Student Financial Services	55.0	0			$188,257	$0	$30,691	Yes (X)
Mr Scott Spear
VP of Finance and Administration	54.0	1.0			$245,345	$0	$33,023	Yes (X)
Mr Steve Foster
EVP of Human Resources	55.0	0			$347,269	$0	$47,329	Yes (X)
Mrs Ashley Reich
SVP of University Compliance	55.0	0			$219,081	$0	$38,167	Yes (X)
Dr Charles Latham
Provider, Collaborative Health Partners, LLC	55.0	0			$657,324	$0	$38,175		Yes (X)
Mr James Chadwell
Head Football Coach	55.0	0			$4,998,651	$0	$53,452		Yes (X)
Mr Ritchie McKay
Head Basketball Coach	55.0	0			$1,612,564	$0	$68,664		Yes (X)
Mr Shawn Crawford
CEO, Collaborative Health Partners, LLC	55.0	0			$528,944	$0	$44,580		Yes (X)
Mr William Korn
Assistant Coach, Football	55.0	0			$499,800	$0	$45,899		Yes (X)
Mr Charles Spence
Former Key Employee	54.5	0.5			$314,970	$0	$15,229			Yes (X)
Mr Don Moon
Former Officer	55.0	0			$314,321	$0	$5,066			Yes (X)
Mr Jerry Falwell Jr
Former Trustee/Officer	0.0	0			$9,781,223	$0	$0			Yes (X)
Mr Shon Muldrow
Former Key Employee	55.0	0			$146,390	$0	$26,159			Yes (X)
Rev Glenn Clary
Former Key Employee	55.0	0			$248,884	$0	$43,741			Yes (X)

Field	Value	IRS element (for citing)
Total Reportable Comp From Org	$27,838,454	TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org	$0	TotReportableCompRltdOrgAmt
Total Other Compensation	$1,170,668	TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K	1030	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	Address Line2ContractorAddress/USAddress/AddressLine2Txt
Google LLC
1600 Amphitheatre Pkwy	Mountain View	CA	94043	Admissions Lead Generation	$42,118,500
Sodexo Management Inc - Liberty University Location
PO Box 360170	Pittsburgh	PA	15251	Food Service	$37,765,213
James R Vannoy & Sons Construction Co Inc
700 Highland Oaks Drive	WinstonSalem	NC	27103	Construction	$21,437,766
Central Virginia Family Physicians
1111 Corporate Park Drive	Forest	VA	24551	Health Services	$19,685,976	Suite D
SyCom Technologies LLC
PO Box 790379	St Louis	MO	63179	Network/Technology Solutions	$12,686,419

Field	Value	IRS element (for citing)
Cntrct Rcvd Greater Than100 K	372	CntrctRcvdGreaterThan100KCnt
Federated Campaigns	$0	FederatedCampaignsAmt
Membership Dues	$0	MembershipDuesAmt
Fundraising	$18,375	FundraisingAmt
Related Organizations	$0	RelatedOrganizationsAmt
Government Grants	$7,880,637	GovernmentGrantsAmt
All Other Contributions	$10,547,314	AllOtherContributionsAmt
Noncash Contributions	$1,481,106	NoncashContributionsAmt
Total Contributions	$18,446,326	TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp (5 entries)

DescDesc	BusinessBusinessCd	Total Revenue ColumnTotalRevenueColumnAmt	Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt	Unrelated Business RevenueUnrelatedBusinessRevenueAmt
Tuition and fees	611710	$1,490,032,244	$1,490,032,244
Room and Board	611710	$113,396,187	$109,705,026	$3,691,161
Bookstore/concessions	611710	$3,544,919	$3,544,919
Student Fees	611710	$14,846,571	$14,846,571
Student Activities	611710	$16,107,217	$14,545,527	$1,561,690

Total Oth Program Service Rev TotalOthProgramServiceRevGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$0	TotalRevenueColumnAmt
Related Or Exempt Func Income	$0	RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue	$0	UnrelatedBusinessRevenueAmt
Exclusion	$0	ExclusionAmt

Field	Value	IRS element (for citing)
Total Program Service Revenue	$1,637,927,138	TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$93,082,797	TotalRevenueColumnAmt
Unrelated Business Revenue	$846,334	UnrelatedBusinessRevenueAmt
Exclusion	$92,236,463	ExclusionAmt

Incm From Invest Bond Proceeds IncmFromInvestBondProceedsGrp

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

Royalties Revenue RoyaltiesRevenueGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$962,970	TotalRevenueColumnAmt
Exclusion	$962,970	ExclusionAmt

Gross Rents GrossRentsGrp

Field	Value	IRS element (for citing)
Real	$17,112,709	RealAmt
Personal	$182,190	PersonalAmt

Less Rental Expenses LessRentalExpensesGrp

Field	Value	IRS element (for citing)
Real	$13,023,574	RealAmt
Personal	$0	PersonalAmt

Rental Income Or Loss RentalIncomeOrLossGrp

Field	Value	IRS element (for citing)
Real	$4,089,135	RealAmt
Personal	$182,190	PersonalAmt

Net Rental Income Or Loss NetRentalIncomeOrLossGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$4,271,325	TotalRevenueColumnAmt
Unrelated Business Revenue	$182,190	UnrelatedBusinessRevenueAmt
Exclusion	$4,089,135	ExclusionAmt

Gross Amount Sales Assets GrossAmountSalesAssetsGrp

Field	Value	IRS element (for citing)
Securities	$2,677,797,812	SecuritiesAmt
Other	$261,565,514	OtherAmt

Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp

Field	Value	IRS element (for citing)
Securities	$2,578,845,249	SecuritiesAmt
Other	$221,637,044	OtherAmt

Gain Or Loss GainOrLossGrp

Field	Value	IRS element (for citing)
Securities	$98,952,563	SecuritiesAmt
Other	$39,928,470	OtherAmt

Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$138,881,034	TotalRevenueColumnAmt
Exclusion	$138,881,034	ExclusionAmt

Field	Value	IRS element (for citing)
Fundraising Gross Income	$224,674	FundraisingGrossIncomeAmt
Contri Rpt Fundraising Event	$18,375	ContriRptFundraisingEventAmt
Fundraising Direct Expenses	$71,869	FundraisingDirectExpensesAmt

Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$152,805	TotalRevenueColumnAmt
Exclusion	$152,805	ExclusionAmt

Other Revenue Misc OtherRevenueMiscGrp (3 entries)

DescDesc	BusinessBusinessCd	Total Revenue ColumnTotalRevenueColumnAmt	Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt	Unrelated Business RevenueUnrelatedBusinessRevenueAmt	ExclusionExclusionAmt
Health Services	621111	$41,911,767	$5,196,367	$36,715,400	$0
Student travel fees	561500	$1,992,069	$1,992,069	$0	$0
Sponsorships and Advertising	541890	$1,626,541	$652,269	$974,272	$0

Miscellaneous Revenue MiscellaneousRevenueGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$665,819	TotalRevenueColumnAmt
Related Or Exempt Func Income	$23,153	RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue	$642,666	UnrelatedBusinessRevenueAmt
Exclusion	$0	ExclusionAmt

Field	Value	IRS element (for citing)
Other Revenue Total	$46,196,196	OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$1,939,920,591	TotalRevenueColumnAmt
Related Or Exempt Func Income	$1,640,538,145	RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue	$44,613,713	UnrelatedBusinessRevenueAmt
Exclusion	$236,322,407	ExclusionAmt

Grants To Domestic Orgs GrantsToDomesticOrgsGrp

Field	Value	IRS element (for citing)
Total	$974,887	TotalAmt
Program Services	$974,887	ProgramServicesAmt

Grants To Domestic Individuals GrantsToDomesticIndividualsGrp

Field	Value	IRS element (for citing)
Total	$378,366,062	TotalAmt
Program Services	$378,366,062	ProgramServicesAmt

Benefits To Members BenefitsToMembersGrp

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

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

Field	Value	IRS element (for citing)
Total	$10,011,668	TotalAmt
Program Services	$6,607,701	ProgramServicesAmt
Management And General	$3,403,967	ManagementAndGeneralAmt

Comp Disqual Persons CompDisqualPersonsGrp

Field	Value	IRS element (for citing)
Total	$2,236,841	TotalAmt
Program Services	$1,476,315	ProgramServicesAmt
Management And General	$760,526	ManagementAndGeneralAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

Field	Value	IRS element (for citing)
Total	$529,158,863	TotalAmt
Program Services	$448,267,533	ProgramServicesAmt
Management And General	$75,848,447	ManagementAndGeneralAmt
Fundraising	$5,042,883	FundraisingAmt

Pension Plan Contributions PensionPlanContributionsGrp

Field	Value	IRS element (for citing)
Total	$14,643,469	TotalAmt
Program Services	$10,545,969	ProgramServicesAmt
Management And General	$3,919,368	ManagementAndGeneralAmt
Fundraising	$178,132	FundraisingAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

Field	Value	IRS element (for citing)
Total	$81,139,178	TotalAmt
Program Services	$61,621,095	ProgramServicesAmt
Management And General	$18,349,709	ManagementAndGeneralAmt
Fundraising	$1,168,374	FundraisingAmt

Payroll Taxes PayrollTaxesGrp

Field	Value	IRS element (for citing)
Total	$37,059,626	TotalAmt
Program Services	$30,794,883	ProgramServicesAmt
Management And General	$5,922,894	ManagementAndGeneralAmt
Fundraising	$341,849	FundraisingAmt

Fees For Services Legal FeesForServicesLegalGrp

Field	Value	IRS element (for citing)
Total	$1,673,357	TotalAmt
Management And General	$1,670,341	ManagementAndGeneralAmt
Fundraising	$3,016	FundraisingAmt

Fees For Services Accounting FeesForServicesAccountingGrp

Field	Value	IRS element (for citing)
Total	$492,116	TotalAmt
Management And General	$492,116	ManagementAndGeneralAmt

Fees For Services Lobbying FeesForServicesLobbyingGrp

Field	Value	IRS element (for citing)
Total	$224,693	TotalAmt
Management And General	$224,693	ManagementAndGeneralAmt

Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp

Field	Value	IRS element (for citing)
Total	$8,130,385	TotalAmt
Management And General	$8,130,385	ManagementAndGeneralAmt

Fees For Services Other FeesForServicesOtherGrp

Field	Value	IRS element (for citing)
Total	$6,460,117	TotalAmt
Program Services	$5,081,627	ProgramServicesAmt
Management And General	$1,374,326	ManagementAndGeneralAmt
Fundraising	$4,164	FundraisingAmt

Advertising AdvertisingGrp

Field	Value	IRS element (for citing)
Total	$27,738,153	TotalAmt
Program Services	$22,461,832	ProgramServicesAmt
Management And General	$5,060,110	ManagementAndGeneralAmt
Fundraising	$216,211	FundraisingAmt

Office Expenses OfficeExpensesGrp

Field	Value	IRS element (for citing)
Total	$8,046,598	TotalAmt
Program Services	$5,776,493	ProgramServicesAmt
Management And General	$2,153,329	ManagementAndGeneralAmt
Fundraising	$116,776	FundraisingAmt

Information Technology InformationTechnologyGrp

Field	Value	IRS element (for citing)
Total	$57,322,269	TotalAmt
Program Services	$40,101,442	ProgramServicesAmt
Management And General	$16,898,814	ManagementAndGeneralAmt
Fundraising	$322,013	FundraisingAmt

Royalties RoyaltiesGrp

Field	Value	IRS element (for citing)
Total	$463,100	TotalAmt
Program Services	$271,320	ProgramServicesAmt
Management And General	$191,780	ManagementAndGeneralAmt

Occupancy OccupancyGrp

Field	Value	IRS element (for citing)
Total	$20,565,530	TotalAmt
Program Services	$18,377,895	ProgramServicesAmt
Management And General	$2,165,844	ManagementAndGeneralAmt
Fundraising	$21,791	FundraisingAmt

Travel TravelGrp

Field	Value	IRS element (for citing)
Total	$15,478,454	TotalAmt
Program Services	$14,159,263	ProgramServicesAmt
Management And General	$803,267	ManagementAndGeneralAmt
Fundraising	$515,924	FundraisingAmt

Conferences Meetings ConferencesMeetingsGrp

Field	Value	IRS element (for citing)
Total	$609,333	TotalAmt
Program Services	$437,853	ProgramServicesAmt
Management And General	$162,634	ManagementAndGeneralAmt
Fundraising	$8,846	FundraisingAmt

Interest InterestGrp

Field	Value	IRS element (for citing)
Total	$195,373	TotalAmt
Program Services	$105,532	ProgramServicesAmt
Management And General	$89,841	ManagementAndGeneralAmt

Depreciation Depletion DepreciationDepletionGrp

Field	Value	IRS element (for citing)
Total	$58,959,865	TotalAmt
Program Services	$55,805,512	ProgramServicesAmt
Management And General	$3,154,353	ManagementAndGeneralAmt

Insurance InsuranceGrp

Field	Value	IRS element (for citing)
Total	$6,986,256	TotalAmt
Program Services	$959,391	ProgramServicesAmt
Management And General	$6,026,852	ManagementAndGeneralAmt
Fundraising	$13	FundraisingAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDesc	TotalTotalAmt	Program ServicesProgramServicesAmt	Management And GeneralManagementAndGeneralAmt	FundraisingFundraisingAmt
Purchased Services	$86,830,856	$86,051,497	$411,641	$367,718
Collaborative Health Partners	$57,448,341	$20,609,288	$36,839,053
Student Food Services	$37,942,747	$37,413,605	$272,650	$256,492
Supplies	$20,615,012	$16,159,668	$4,337,589	$117,755

All Other Expenses AllOtherExpensesGrp

Field	Value	IRS element (for citing)
Total	$58,912,521	TotalAmt
Program Services	$35,983,116	ProgramServicesAmt
Management And General	$22,620,312	ManagementAndGeneralAmt
Fundraising	$309,093	FundraisingAmt

Total Functional Expenses TotalFunctionalExpensesGrp

Field	Value	IRS element (for citing)
Total	$1,528,685,670	TotalAmt
Program Services	$1,298,409,779	ProgramServicesAmt
Management And General	$221,284,841	ManagementAndGeneralAmt
Fundraising	$8,991,050	FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

Field	Value	IRS element (for citing)
BOY	$366,435,437	BOYAmt
EOY	$367,766,324	EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

Field	Value	IRS element (for citing)
BOY	$93,116,776	BOYAmt
EOY	$96,521,637	EOYAmt

Pledges And Grants Receivable PledgesAndGrantsReceivableGrp

Field	Value	IRS element (for citing)
BOY	$300,602	BOYAmt
EOY	$176,367	EOYAmt

Accounts Receivable AccountsReceivableGrp

Field	Value	IRS element (for citing)
BOY	$48,467,641	BOYAmt
EOY	$47,105,978	EOYAmt

Receivables From Officers Etc ReceivablesFromOfficersEtcGrp

Field	Value	IRS element (for citing)
BOY	$1,274,041	BOYAmt
EOY	$824,183	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	$1,419,619	BOYAmt
EOY	$1,876,650	EOYAmt

Inventories For Sale Or Use InventoriesForSaleOrUseGrp

Field	Value	IRS element (for citing)
BOY	$821,754	BOYAmt
EOY	$458,139	EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

Field	Value	IRS element (for citing)
BOY	$24,211,089	BOYAmt
EOY	$36,209,998	EOYAmt

Field	Value	IRS element (for citing)
Land Bldg Equip Cost Or Other Bss	$2,270,826,131	LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec	$659,655,116	LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

Field	Value	IRS element (for citing)
BOY	$1,607,995,917	BOYAmt
EOY	$1,611,171,015	EOYAmt

Investments Pub Traded Sec InvestmentsPubTradedSecGrp

Field	Value	IRS element (for citing)
BOY	$1,859,798,169	BOYAmt
EOY	$1,661,604,086	EOYAmt

Investments Other Securities InvestmentsOtherSecuritiesGrp

Field	Value	IRS element (for citing)
BOY	$563,591,423	BOYAmt
EOY	$1,211,487,359	EOYAmt

Investments Program Related InvestmentsProgramRelatedGrp

Field	Value	IRS element (for citing)
BOY	$23,628,622	BOYAmt
EOY	$25,367,347	EOYAmt

Intangible Assets IntangibleAssetsGrp

Field	Value	IRS element (for citing)
BOY	$1,766,950	BOYAmt
EOY	$2,257,696	EOYAmt

Other Assets Total OtherAssetsTotalGrp

Field	Value	IRS element (for citing)
BOY	$19,240,648	BOYAmt
EOY	$23,052,273	EOYAmt

Total Assets TotalAssetsGrp

Field	Value	IRS element (for citing)
BOY	$4,612,068,688	BOYAmt
EOY	$5,085,879,052	EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

Field	Value	IRS element (for citing)
BOY	$94,297,898	BOYAmt
EOY	$94,289,787	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	$168,410,420	BOYAmt
EOY	$175,600,097	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	$15,334,077	BOYAmt
EOY	$346,875	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	$0	BOYAmt
EOY	$0	EOYAmt

Other Liabilities OtherLiabilitiesGrp

Field	Value	IRS element (for citing)
BOY	$30,677,991	BOYAmt
EOY	$29,073,300	EOYAmt

Total Liabilities TotalLiabilitiesGrp

Field	Value	IRS element (for citing)
BOY	$308,720,386	BOYAmt
EOY	$299,310,059	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	$4,255,885,541	BOYAmt
EOY	$4,736,227,749	EOYAmt

Donor Restriction Net Assets DonorRestrictionNetAssetsGrp

Field	Value	IRS element (for citing)
BOY	$47,462,761	BOYAmt
EOY	$50,341,244	EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

Field	Value	IRS element (for citing)
BOY	$4,303,348,302	BOYAmt
EOY	$4,786,568,993	EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

Field	Value	IRS element (for citing)
BOY	$4,612,068,688	BOYAmt
EOY	$5,085,879,052	EOYAmt

Field	Value	IRS element (for citing)
Info In Schedule O Part XI	Yes (X)	InfoInScheduleOPartXIInd
Reconcilation Revenue Expnss	$411,234,921	ReconcilationRevenueExpnssAmt
Net Unrlzd Gains Losses Invst	$72,737,593	NetUnrlzdGainsLossesInvstAmt
Other Changes In Net Assets	-$751,823	OtherChangesInNetAssetsAmt
Method Of Accounting Accrual	Yes (X)	MethodOfAccountingAccrualInd
Accountant Compile Or Review	false	AccountantCompileOrReviewInd
FS Audited	Yes (true)	FSAuditedInd
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	$974	FilingOrganizationsTotalAmt

Total Direct Lobbying TotalDirectLobbyingGrp

Field	Value	IRS element (for citing)
Filing Organizations Total	$223,719	FilingOrganizationsTotalAmt

Total Lobbying Expend TotalLobbyingExpendGrp

Field	Value	IRS element (for citing)
Filing Organizations Total	$224,693	FilingOrganizationsTotalAmt

Other Exempt Purpose Expend OtherExemptPurposeExpendGrp

Field	Value	IRS element (for citing)
Filing Organizations Total	$1,528,460,977	FilingOrganizationsTotalAmt

Total Exempt Purpose Expend TotalExemptPurposeExpendGrp

Field	Value	IRS element (for citing)
Filing Organizations Total	$1,528,685,670	FilingOrganizationsTotalAmt

Lobbying Nontaxable Amount LobbyingNontaxableAmountGrp

Field	Value	IRS element (for citing)
Filing Organizations Total	$1,000,000	FilingOrganizationsTotalAmt
Affiliated Group Total	$0	AffiliatedGroupTotalAmt

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	$53,183	CurrentYearMinus3Amt
Current Year Minus2	$37,686	CurrentYearMinus2Amt
Current Year Minus1	$137,053	CurrentYearMinus1Amt
Current Year	$224,693	CurrentYearAmt
Total	$452,615	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 Minus3	$0	CurrentYearMinus3Amt
Current Year Minus2	$4,447	CurrentYearMinus2Amt
Current Year Minus1	$1,697	CurrentYearMinus1Amt
Current Year	$974	CurrentYearAmt
Total	$7,118	TotalAmt

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	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	$2,598,059,324	BeginningYearBalanceAmt
Contributions	$134,940,281	ContributionsAmt
Investment Earnings Or Losses	$274,916,957	InvestmentEarningsOrLossesAmt
Other Expenditures	$160,343	OtherExpendituresAmt
End Year Balance	$3,007,756,219	EndYearBalanceAmt

CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp

Field	Value	IRS element (for citing)
Beginning Year Balance	$2,277,179,613	BeginningYearBalanceAmt
Contributions	$90,596,258	ContributionsAmt
Investment Earnings Or Losses	$230,396,459	InvestmentEarningsOrLossesAmt
Other Expenditures	$113,006	OtherExpendituresAmt
End Year Balance	$2,598,059,324	EndYearBalanceAmt

CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp

Field	Value	IRS element (for citing)
Beginning Year Balance	$2,169,446,963	BeginningYearBalanceAmt
Contributions	$160,383,413	ContributionsAmt
Investment Earnings Or Losses	-$52,278,876	InvestmentEarningsOrLossesAmt
Other Expenditures	$371,887	OtherExpendituresAmt
End Year Balance	$2,277,179,613	EndYearBalanceAmt

CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp

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 Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp

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

Field	Value	IRS element (for citing)
Board Designated Balance EOY	0.9886	BoardDesignatedBalanceEOYPct
Prmnnt Endowment Balance EOY	0.0114	PrmnntEndowmentBalanceEOYPct
Term Endowment Balance EOY	0.0	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	$128,894,889	OtherCostOrOtherBasisAmt
Book Value	$128,894,889	BookValueAmt

Buildings BuildingsGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$1,661,104,656	OtherCostOrOtherBasisAmt
Depreciation	$374,714,244	DepreciationAmt
Book Value	$1,286,390,412	BookValueAmt

Equipment EquipmentGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$312,653,274	OtherCostOrOtherBasisAmt
Depreciation	$235,869,445	DepreciationAmt
Book Value	$76,783,829	BookValueAmt

Other Land Buildings OtherLandBuildingsGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$168,173,312	OtherCostOrOtherBasisAmt
Depreciation	$49,071,427	DepreciationAmt
Book Value	$119,101,885	BookValueAmt

Field	Value	IRS element (for citing)
Total Book Value Land Buildings	$1,611,171,015	TotalBookValueLandBuildingsAmt

Other Securities OtherSecuritiesGrp (10 entries)

DescDesc	Book ValueBookValueAmt	Method ValuationMethodValuationCd
Closely-held equity interests
Financial derivatives
TRADITIONAL FIXED INCOME
HEDGE FUNDS
PUBLICLY TRADED EQUITIES
PRIVATE EQUITY/VENTURE CAPITAL
CREDIT AND ALTERNATIVES	$364,394,700	F
PUBLIC EQUITIES	$807,070,383	F
PRIVATE EQUITIES	$26,411,868	F
REAL ASSETS	$13,610,408	F

Field	Value	IRS element (for citing)
Total Book Value Securities	$1,211,487,359	TotalBookValueSecuritiesAmt

Other Liabilities Org OtherLiabilitiesOrgGrp (9 entries)

DescDesc	AmtAmt
Federal Income Taxes
GIFT ANNUITIES PAYABLE
OBLIG. UNDER CAPITAL LEASES
LIABILITY UNDER SPLIT INTEREST AGREEMENT
DUE TO/FROM FA FROM C&C AVIA.
Due to/from FA from C & C Aviation	-$57,128
Gift Annuities Payable	$21,071,232
Obligations Under Capital Leases	$7,603,982
Liability under split agreements	$455,214

Field	Value	IRS element (for citing)
Total Liability	$29,073,300	TotalLiabilityAmt
Total Rev Etc Audited Fincl Stmt	$1,643,746,654	TotalRevEtcAuditedFinclStmtAmt
Net Unrealized Gains Invst	$72,737,593	NetUnrealizedGainsInvstAmt
Donated Services And Use Fclts	$1,608,260	DonatedServicesAndUseFcltsAmt
Recoveries Prior Year Grants	$0	RecoveriesPriorYearGrantsAmt
Other Revenue	-$2,935,469	OtherRevenueAmt
Revenue Not Reported	$71,410,384	RevenueNotReportedAmt
Revenue Subtotal	$1,572,336,270	RevenueSubtotalAmt
Other Revenues Not Included	$367,584,321	OtherRevenuesNotIncludedAmt
Revenue Not Reported Fincl Stmt	$367,584,321	RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990	$1,939,920,591	TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt	$1,160,525,969	TotExpnsEtcAuditedFinclStmtAmt
Donated Services Use Fclts	$1,608,260	DonatedServicesUseFcltsAmt
Other Expenses Included	-$2,183,640	OtherExpensesIncludedAmt
Expenses Not Reported	-$575,380	ExpensesNotReportedAmt
Expenses Subtotal	$1,161,101,349	ExpensesSubtotalAmt
Other Expenses Not Included	$367,584,321	OtherExpensesNotIncludedAmt
Expenses Not Rpt Fincl Stmt	$367,584,321	ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990	$1,528,685,670	TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail (8 entries)

Form And Line ReferenceFormAndLineReferenceDesc	ExplanationExplanationTxt
Schedule D, Part VII PART VII INVESTMENTS-OTHER SECURITIES	METHOD OF VALUATION IS NET ASSET VALUE.
Schedule D, Part III, Line 1a Collections of art - financial statement footnote	LIBERTY UNIVERSITY HAS A COLLECTION OF DONATED ANIMAL TROPHIES, PAINTINGS, AND DESIGNER GOWNS. THE AUDITED FINANCIAL STATEMENTS, FOR THE FISCAL YEAR ENDING JUNE 30, 2025, OF LIBERTY UNIVERSITY DO NOT CONTAIN A FOOTNOTE DESCRIBING THESE COLLECTIONS. HOWEVER, A FOOTNOTE WITHIN THE AFS DOES DESCRIBE LIBERTY'S ACCOUNTING POLICY 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."
Schedule D, Part III, Line 4 Collections of art - description of collections	LIBERTY UNIVERSITY HAS A COLLECTION OF DONATED ANIMAL TROPHIES, PAINTINGS, AND DESIGNER GOWNS. 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.
Schedule D, Part V, Line 4 Intended uses of endowment funds	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'S ENDOWMENT IS INVESTED WITH THE PRIMARY GOAL OF PRESERVING CAPITAL TO WITHSTAND POTENTIAL FINANCIAL HARDSHIPS THROUGH GREATER ALLOCATION TO FIXED-INCOME ASSET INSTRUMENTS.
Schedule D, Part XI, Line 2(d) Other revenues in audited financial statements not in form 990	Rent Expense - 13023574 Tax Adjustment for Subs Filing Separate Returns - 35491676 Fundraising - 71869 ASU Investment Adjustment - -39347229 Change In Split Interest - -751829 Investment Expenses - -11423530
Schedule D, Part XI, Line 4(b) Other revenues in form 990 not in audited financial statements	Institutional Scholarships - XXX-XX-XXXX
Schedule D, Part XII, Line 2(d) Other expenses in audited financial statements not in form 990	Rent Expenses - 13023574 Tax Adjustment for Subs Filing Separate Returns - 35491676 Fundraising - 71869 ASU Investment Adjustment - -39347229 Investment Expenses - -11423530
Schedule D, Part XII, Line 4(b) Other expenses in form 990 not in audited financial statements	Institutional Scholarships - XXX-XX-XXXX

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, Part I, Line 3 RACIALLY NONDISCRIMINATORY POLICY	LIBERTY UNIVERSITY DRAWS A SUBSTANTIAL PERCENTAGE OF ITS STUDENTS NATIONWIDE AND FOLLOWS A RACIAL 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(a) FINANCIAL AID OR ASSISTANCE FROM A GOVERNMENT	LIBERTY UNIVERSITY PROCESSES AND DISTRIBUTES FEDERAL AND STATE FINANCIAL AID TO STUDENTS IN THE FORM OF GRANTS, LOANS, AND SCHOLARSHIPS 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 (9 entries)

RegionRegionTxt	Type Of Activities ConductedTypeOfActivitiesConductedTxt	Region Total ExpendituresRegionTotalExpendituresAmt	Specific Services ProvidedSpecificServicesProvidedTxt
Central America and the Caribbean	Investments	$265,512,489
Europe (Including Iceland and Greenland)	Program Services	$1,243,633	Mission Trip/Study Abroad
Sub-Saharan Africa	Program Services	$382,873	Mission Trip/Study Abroad
South America	Program Services	$188,492	Mission Trip/Study Abroad
Middle East and North Africa	Program Services	$162,753	Mission Trip/Study Abroad
Central America and the Caribbean	Program Services	$96,575	Mission Trip/Study Abroad
Europe (Including Iceland and Greenland)	Program Services	$44,155	Christian mission support, facility rental
East Asia and the Pacific	Program Services	$33,548	Mission Trip/Study Abroad
North America (Canada & Mexico only)	Program Services	$3,170	Mission Trip/Study Abroad

Field	Value	IRS element (for citing)
Subtotal Offices	0	SubtotalOfficesCnt
Subtotal Employees	0	SubtotalEmployeesCnt
Continuation Total Office	0	ContinuationTotalOfficeCnt
Continuation Total Employee	0	ContinuationTotalEmployeeCnt
Total Office	0	TotalOfficeCnt
Total Employee	0	TotalEmployeeCnt
Subtotal Spent	$267,667,688	SubtotalSpentAmt
Continuation Spent	$0	ContinuationSpentAmt
Total Spent	$267,667,688	TotalSpentAmt
Transfer To Foreign Corp	Yes (true)	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

Supplemental Information Detail SupplementalInformationDetail

Field	Value	IRS element (for citing)
Form And Line Reference	Schedule F, Part I, Line 3 Method used to account for expenditures on org's financial statements	FormAndLineReferenceDesc
Explanation	CENTRAL AMERICA AND THE CARIBBEAN-Accrual; EAST ASIA AND THE PACIFIC-Accrual; EUROPE (INCLUDING ICELAND AND GREENLAND)-Accrual; MIDDLE EAST AND NORTH AFRICA-Accrual; NORTH AMERICA (CANADA & MEXICO ONLY)-Accrual; SOUTH AMERICA-Accrual; SUB-SAHARAN AFRICA-Accrual	ExplanationTxt

Schedule G IRS990ScheduleG

Fundraising Event Information FundraisingEventInformationGrp

Field	Value	IRS element (for citing)
Event1	Flames Club Auction	Event1Nm
Gross Receipts Event1	$176,130	GrossReceiptsEvent1Amt
Charitable Contri Event1	$10,272	CharitableContriEvent1Amt
Gross Revenue Event1	$165,858	GrossRevenueEvent1Amt
Other Direct Expenses Event1	$31,119	OtherDirectExpensesEvent1Amt
Event2	Athletics Golf Tournament	Event2Nm
Gross Receipts Event2	$48,350	GrossReceiptsEvent2Amt
Gross Revenue Event2	$48,350	GrossRevenueEvent2Amt
Non Cash Prizes Event2	$19,837	NonCashPrizesEvent2Amt
Rent Facility Costs Event2	$7,560	RentFacilityCostsEvent2Amt
Food And Beverage Event2	$2,737	FoodAndBeverageEvent2Amt
Other Direct Expenses Event2	$594	OtherDirectExpensesEvent2Amt
Other Events Total	1	OtherEventsTotalCnt
Gross Receipts Other Events	$18,569	GrossReceiptsOtherEventsAmt
Charitable Contri Other Events	$8,103	CharitableContriOtherEventsAmt
Gross Revenue Other Events	$10,466	GrossRevenueOtherEventsAmt
Food And Beverage Other Events	$150	FoodAndBeverageOtherEventsAmt
Oth Direct Expnss Other Events	$9,872	OthDirectExpnssOtherEventsAmt
Gross Receipts Total	$243,049	GrossReceiptsTotalAmt
Charitable Contributions Tot	$18,375	CharitableContributionsTotAmt
Gross Revenue Total Events	$224,674	GrossRevenueTotalEventsAmt
Non Cash Prizes Total Events	$19,837	NonCashPrizesTotalEventsAmt
Rent Fclty Costs Total Events	$7,560	RentFcltyCostsTotalEventsAmt
Food And Beverage Total Events	$2,887	FoodAndBeverageTotalEventsAmt
Oth Direct Expnss Total Events	$41,585	OthDirectExpnssTotalEventsAmt
Direct Expense Summary Events	$71,869	DirectExpenseSummaryEventsAmt
Net Income Summary	$152,805	NetIncomeSummaryAmt

Schedule I IRS990ScheduleI

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

Recipient Table RecipientTable (15 entries)

Address Line1USAddress/AddressLine1Txt	CityUSAddress/CityNm	State AbbreviationUSAddress/StateAbbreviationCd	ZIPUSAddress/ZIPCd	Recipient EINRecipientEIN	IRC SectionIRCSectionDesc	Cash GrantCashGrantAmt	Purpose Of GrantPurposeOfGrantTxt	Address Line2USAddress/AddressLine2Txt	Non Cash AssistanceNonCashAssistanceAmt	Valuation Method UsedValuationMethodUsedDesc	Non Cash AssistanceNonCashAssistanceDesc
Liberty University Foundation
1971 University Blvd	Lynchburg	VA	245150002	541939910	501(c)(3)	$430,000	Supportive Christian Organization
Lynchburg Beacon of Hope
2600 Memorial Ave Suite 106	Lynchburg	VA	24502	453797831	501(c)(3)	$100,000	Community Support
City of Lynchburg Police Foundation
PO Box 911	Lynchburg	VA	24502	541881065	501(c)(3)	$75,000	Community Support
The Ramp Church International Inc
701 Thomas Rd	Lynchburg	VA	245021043	593819255	501(c)(3)	$25,000	Supportive Christian Organization
Boys & Girls Club of Greater Lynchburg
1101 Madison Street	Lynchburg	VA	24504	200199894	501(c)(3)	$25,000	Community Support
Stone Ridge Foundation
980 Wards Road	Altavista	VA	24517	842852661	501(c)(3)	$18,569	Community Support
Mission of Hope
1907 Cypress Creek Rd	Cedar Park	TX	78613	134207776	501(c)(3)	$8,750	Supportive Christian Organization	107
Centra Health Foundation Inc
1920 Atherholt Rd	Lynchburg	VA	245011104	541604094	501(c)(3)	$6,516	Community Support
Isaiah 117 House
1705 State Line Rd	Elizabethon	TN	37643	820631497	501(c)(3)	$5,793	Supportive Christian Organization
Ratio Christi Inc
2150 Elmwood Ave 2	Lafayette	IN	47904	274733824	501(c)(3)	$5,632	Supportive Christian Organization
Liberty Counsel Inc
PO Box 540774	Orlando	FL	32854	592986294	501(c)(3)		Supportive Christian Organization		$485,628	COST/FMV	Services/Facilities
Thomas Road Baptist Church
1 Mountain View Dr	Lynchburg	VA	24502	260061907	501(c)(3)		Supportive Christian Organization		$50,753	FMV	AV equipment & furniture
Bedford County School Board
311 South Bridge Street	Bedford	VA	24523	546001143	GOVT		Community Support		$9,600	FMV	Lights
Luke Commission
PO Box 1335	Sagle	ID	83860	208635797	501(c)(3)		Supportive Christian Organization		$5,700	FMV	Medical Equipment
Miller Home of Lynchburg Virginia
2134 Westerly Dr	Lynchburg	VA	24501	540505999	501(c)(3)		Supportive Christian Organization		$5,690	FMV	Vehicle

Field	Value	IRS element (for citing)
Total501c3 Org	15	Total501c3OrgCnt
Total Other Org	0	TotalOtherOrgCnt

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

Grant TypeGrantTypeTxt	RecipientRecipientCnt	Cash GrantCashGrantAmt
Institutional Scholarships	95428	$367,584,321
Missionary Assistance	14	$21,309
Benevolence	65	$63,156

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Form And Line ReferenceFormAndLineReferenceDesc	ExplanationExplanationTxt
Schedule I, Part III, Column (b) SCHOLARSHIPS CRITERIA	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.
Schedule I, Part I, Line 2 Procedures for monitoring use of grant funds	DONATIONS ARE MADE TO NONPROFIT ORGANIZATIONS WHOSE PURPOSES ARE CONSISTENT WITH THE RELIGIOUS AND EDUCATIONAL PURPOSES OF LIBERTY UNIVERSITY.

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
Written Policy Ref T And E Expnss	Yes (true)	WrittenPolicyRefTAndEExpnssInd
Substantiation Required	Yes (true)	SubstantiationRequiredInd
Compensation Committee	Yes (X)	CompensationCommitteeInd
Independent Consultant	Yes (X)	IndependentConsultantInd
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	Yes (true)	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 (29 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 Jr
Former Trustee/Officer	$0	$0	$0	$0	$9,781,223	$0	$0	$0	$0	$0	$9,781,223	$0	$718,625	$0
Dr Dondi Costin
Trustee/President	$1,065,000	$0	$0	$0	$30,435	$0	$30,358	$0	$1,867	$0	$1,127,660	$0	$0	$0
Rev Jonathan Falwell
Trustee/Chancellor	$543,333	$0	$0	$0	$9,277	$0	$0	$0	$2,045	$0	$554,655	$0	$0	$0
Dr Jerry Prevo
Trustee/President Emeritus	$347,661	$0	$0	$0	$47,340	$0	$17,250	$0	$16,029	$0	$428,280	$0	$0	$0
Mr Don Moon
Former Officer	$46,924	$0	$0	$0	$267,397	$0	$3,177	$0	$1,889	$0	$319,387	$0	$0	$0
Mrs Cindy Gaebe
SVP of Finance and Chief Investment Officer	$367,679	$0	$0	$0	$24,908	$0	$17,969	$0	$21,983	$0	$432,539	$0	$0	$0
Dr Scott Hicks
Provost and Chief Academic Officer	$500,000	$0	$0	$0	$27,278	$0	$20,833	$0	$1,920	$0	$550,031	$0	$0	$0
Dr Robert Ritz
Chief Financial Officer/Treasurer	$587,606	$0	$0	$0	$78,007	$0	$25,622	$0	$36,260	$0	$727,495	$0	$0	$0
Mr Daniel Applewhite
Deputy General Counsel/Assistant Secretary	$267,263	$0	$0	$0	$17,033	$0	$11,591	$0	$26,691	$0	$322,578	$0	$0	$0
Mr David Corry
General Counsel/Secretary	$444,179	$0	$0	$0	$26,873	$0	$22,500	$0	$22,199	$0	$515,751	$0	$0	$0
Rev Glenn Clary
Former Key Employee	$224,387	$0	$0	$0	$24,497	$0	$12,278	$0	$31,463	$0	$292,625	$0	$0	$0
Mr Shon Muldrow
Former Key Employee	$146,390	$0	$0	$0	$0	$0	$1,732	$0	$24,427	$0	$172,549	$0	$0	$0
Mr Charles Spence
Former Key Employee	$39,692	$0	$0	$0	$275,278	$0	$3,099	$0	$12,130	$0	$330,199	$0	$0	$0
Dr Lawrence Hine
SVP of Student Affairs	$296,811	$0	$0	$0	$21,729	$0	$14,000	$0	$16,735	$0	$349,275	$0	$0	$0
Mr Matt Cooper
VP of Student Financial Services	$178,824	$0	$0	$0	$9,433	$0	$9,286	$0	$21,405	$0	$218,948	$0	$0	$0
Mr Daniel Deter
SVP of Construction and Facilities Management	$314,709	$0	$0	$0	$26,250	$0	$16,027	$0	$52,529	$0	$409,515	$0	$0	$0
Mr Steve Foster
EVP of Human Resources	$327,737	$0	$0	$0	$19,532	$0	$17,000	$0	$30,329	$0	$394,598	$0	$0	$0
Mr John Gauger
Chief Information Officer and EVP of Analytics	$404,179	$0	$0	$0	$20,932	$0	$20,500	$0	$22,084	$0	$467,695	$0	$0	$0
Dr Ronald Kennedy
EVP for Enrollment Management & Marketing	$443,247	$0	$0	$0	$102,876	$0	$22,219	$0	$67,766	$0	$636,108	$0	$0	$0
Mr Ian McCaw
VP & Director of Athletics	$827,966	$0	$100,000	$0	$27,840	$0	$30,450	$0	$30,651	$0	$1,016,907	$0	$0	$0
Mr Brian Mentzer
EVP of Development	$244,179	$0	$0	$0	$20,958	$0	$12,500	$0	$43,972	$0	$321,609	$0	$0	$0
Mr Craig Pettit
VP of Real Estate Management	$244,179	$0	$0	$0	$16,584	$0	$12,500	$0	$27,393	$0	$300,656	$0	$0	$0
Mrs Ashley Reich
SVP of University Compliance	$195,208	$0	$0	$0	$23,873	$0	$10,245	$0	$27,922	$0	$257,248	$0	$0	$0
Mr Scott Spear
VP of Finance and Administration	$232,657	$0	$0	$0	$12,688	$0	$11,848	$0	$21,175	$0	$278,368	$0	$0	$0
Mr James Chadwell
Head Football Coach	$4,488,831	$0	$350,000	$0	$159,820	$0	$13,125	$0	$40,327	$0	$5,052,103	$0	$0	$0
Mr Shawn Crawford
CEO, Collaborative Health Partners, LLC	$321,478	$0	$185,686	$0	$21,780	$0	$16,213	$0	$28,367	$0	$573,524	$0	$0	$0
Mr William Korn
Assistant Coach, Football	$438,830	$0	$51,000	$0	$9,970	$0	$22,250	$0	$23,649	$0	$545,699	$0	$0	$0
Dr Charles Latham
Provider, Collaborative Health Partners, LLC	$190,390	$0	$420,753	$0	$46,181	$0	$9,808	$0	$28,367	$0	$695,499	$0	$0	$0
Mr Ritchie McKay
Head Basketball Coach	$1,523,856	$0	$27,579	$0	$61,129	$0	$30,625	$0	$38,039	$0	$1,681,228	$0	$0	$0

Supplemental Information Detail SupplementalInformationDetail (8 entries)

Form And Line ReferenceFormAndLineReferenceDesc	ExplanationExplanationTxt
Schedule J, Part I, Line 1a First-class or charter travel	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.
Schedule J, Part I, Line 1a Travel for companions	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.
Schedule J, Part I, Line 1a Tax indemnification and gross-up payments	TYPE OF BENEFIT: TAX INDEMNIFICATION AND GROSS-UP PAYMENTS LISTED PERSON WHO RECEIVED THE BENEFIT: PRESIDENT, CHANCELLOR, PRESIDENT EMERITUS WAS THE BENEFIT TREATED AS TAXABLE TO LISTED PERSON? THE AMOUNT IS TREATED AS TAXABLE COMPENSATION.
Schedule J, Part I, Line 1a Housing allowance or residence for personal use	TYPE OF BENEFIT: HOUSING ALLOWANCE LISTED PERSON WHO RECEIVED THE BENEFIT: PRESIDENT OF THE UNIVERSITY AND HEAD FOOTBALL COACH WAS THE BENEFIT TREATED AS TAXABLE TO THE LISTED PERSON? THE AMOUNT IS TREATED AS TAXABLE COMPENSATION UNLESS EXCLUDED UNDER THE INTERNAL REVENUE CODE.
Schedule J, Part I, Line 3 Arrangement used to establish the top management official's compensation	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.
Schedule J, Part I, Line 4a Severance or change-of-control payment	Mr. Charles Spence received a severance of $260,000; Mr. Don Moon received a severance of $250,000; Mr. Shon Muldrow received a severance of $112,500.
Schedule J, Part I, Line 4b Supplemental nonqualified retirement plan	MR. JERRY FALWELL JR. RECEIVED PAYMENT FROM A SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN IN THE AMOUNT OF $9,781,223.
Schedule J, Part I, Line 7 Non-fixed payments	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 (3 entries)

Relationship With OrgRelationshipWithOrgTxt	Loan PurposeLoanPurposeTxt	Loan From OrganizationLoanFromOrganizationInd	Original PrincipalOriginalPrincipalAmt	Balance DueBalanceDueAmt	DefaultDefaultInd	Board Or Committee ApprovalBoardOrCommitteeApprovalInd	Written AgreementWrittenAgreementInd	Loan To OrganizationLoanToOrganizationInd
Related to Substantial Contributor
SISTER CO. TO SUBSTANTIAL CONTRIBUTOR	Real Estate Purchase	Yes (X)	$395,066	$309,265	false	false	Yes (true)
Jerry Falwell Jr
Former President	Settlement Payable		$5,550,000	$346,875	false	Yes (true)	Yes (true)	Yes (X)
FALWELL FAMILY GST IRREVOCABLE TRUST
35% CONTROLLED ENTITY OF JERRY FALWELL, JR.	SPLIT DOLLAR PREMIUM	Yes (X)	$486,566	$514,918	false	Yes (true)	Yes (true)

Field	Value	IRS element (for citing)
Total Balance Due	$1,171,058	TotalBalanceDueAmt

Grnt Asst Bnft Interested Prsn GrntAsstBnftInterestedPrsnGrp

Business Name BusinessName

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

Field	Value	IRS element (for citing)
Relationship With Org	N/A	RelationshipWithOrgTxt
Cash Grant	$651,722	CashGrantAmt
Type Of Assistance	SCHOLARSHIPS TO FAMILY OF BOARD MEMBERS, OFFICERS AND KEY EMPLOYEES	TypeOfAssistanceTxt
Assistance Purpose	TO HAVE A COMPARABLE BENEFITS PROGRAM FOR ALL EMPLOYEES & CERTAIN OTHERS	AssistancePurposeTxt

Bus Tr Involve Interested Prsn BusTrInvolveInterestedPrsnGrp (44 entries)

Relationship DescriptionRelationshipDescriptionTxt	TransactionTransactionAmt	TransactionTransactionDesc	Sharing Of RevenuesSharingOfRevenuesInd
Phillip McFarland
son of trustee	$57,410	Compensation	false
Bernette Beckles
wife of trustee	$61,686	Compensation	false
Andrea Parker
daughter of trustee	$27,280	Compensation	false
Todd Hudson
son of trustee	$45,440	Compensation	false
Jamye Tickle
daughter of trustee	$22,167	Compensation	false
Vincent Todd Tickle
son-in-law of trustee	$144,000	Compensation	false
Dr Elmer Towns
co-founder	$188,372	Compensation	false
Tonya Lee
daughter of trustee	$21,800	Compensation	false
Vickey Jaynes
sister of officer	$151,869	Compensation	false
Paige Falwell
daughter-in-law of officer/trustee	$22,081	Compensation	false
Jessica Falwell Holcomb
daughter of officer/trustee	$11,600	Compensation	false
Matt Holcomb
son-in-law of officer/trustee	$78,236	Compensation	false
Natalie Falwell
daughter of officer/trustee	$43,667	Compensation	false
Nicholas Falwell
son of officer/trustee	$57,750	Compensation	false
Virginia Dow
sister-in-law of officer	$134,715	Compensation	false
Joshua Nelson
son-in-law of officer	$50,806	Compensation	false
Melanie Hicks
wife of officer	$290,408	Compensation	false
Christopher Hicks
brother of officer	$58,510	Compensation	false
Preston Mentzer
son of key employee	$50,400	Compensation	false
Edward Barnhouse
son-in-law of key employee	$78,398	Compensation	false
Brandon Elrod
son-in-law of key employee	$59,820	Compensation	false
Emily Hine Elrod
daughter of key employee	$78,372	Compensation	false
Jessica Smith
daughter of key employee	$60,969	Compensation	false
Dawson Kennedy
son of key employee	$30,559	Compensation	false
Jennifer Kennedy
wife of key employee	$76,830	Compensation	false
Peyton Kennedy
daughter of key employee	$26,340	Compensation	false
Reganne Kennedy
daughter of key employee	$17,985	Compensation	false
Tonia Kennedy
sister in law of key employee	$197,566	Compensation	false
Heather Spear
wife of key employee	$19,400	Compensation	false
Laura Falwell
daughter-in-law of former officer/trustee	$72,403	Compensation	false
Substantial Contributor
Substantial Contributor	$39,051,889	Food Services	false
Substantial Contributor
Substantial Contributor	$47,941	Payment From: Print Services	false
Substantial Contributor
Substantial Contributor	$368,362	Construction Services	false
Substantial Contributor
Substantial Contributor	$952,590	Sport Complex Services	false
Substantial Contributor
Substantial Contributor	$715,677	Heating/Air Services	false
Substantial Contributor
Substantial Contributor	$401,675	Air/Electrical Services	false
Substantial Contributor
Substantial Contributor	$950	Payment From: Print Services	false
Substantial Contributor
Substantial Contributor	$275,107	Purchase of Equipment	false
Substantial Contributor
Substantial Contributor	$271,375	Equipment Purchases	false
Substantial Contributor
Substantial Contributor	$3,523,169	Investment Management Services	false
Substantial Contributor
Substantial Contributor	$984,781	Payment From: Sponsorship Management	false
Related to Substantial Contributor
Related to Substantial Contributor	$197,707	Purchase of Supplies	false
Related to Substantial Contributor
Related to Substantial Contributor	$855,415	Fuel Services	false
Related to Substantial Contributor
Related to Substantial Contributor	$2,880,000	Sponsorship	false

Supplemental Information Detail SupplementalInformationDetail

Field	Value	IRS element (for citing)
Form And Line Reference	Schedule L, Part II SETTLEMENT PAYABLE	FormAndLineReferenceDesc
Explanation	ON JULY 26, 2024, THE UNIVERSITY AND FORMER PRESIDENT, JERRY FALWELL JR. REACHED A GLOBAL RESOLUTION AGREEMENT SETTLING ALL OUTSTANDING DISPUTES ON BOTH LEGAL AND PERSONAL MATTERS. DURING FY2025, THE UNIVERSITY MADE PAYMENTS TO SUBSTANTIALLY SATISFY ITS FINANCIAL OBLIGATIONS UNDER THE GLOBAL RESOLUTION AGREEMENT, WITH REMAINING IMMATERIAL PAYABLE OF $346,875 ON JUNE 30, 2025.	ExplanationTxt

Schedule M IRS990ScheduleM

Books And Publications BooksAndPublicationsGrp

Field	Value	IRS element (for citing)
Non Cash Checkbox	Yes (X)	NonCashCheckboxInd
Noncash Contributions Rpt F990	$9,935	NoncashContributionsRptF990Amt
Method Of Determining Revenues	Market value	MethodOfDeterminingRevenuesTxt

Securities Publicly Traded SecuritiesPubliclyTradedGrp

Field	Value	IRS element (for citing)
Contribution	7	ContributionCnt
Noncash Contributions Rpt F990	$381,089	NoncashContributionsRptF990Amt
Method Of Determining Revenues	Market value	MethodOfDeterminingRevenuesTxt

Real Estate Commercial RealEstateCommercialGrp

Field	Value	IRS element (for citing)
Contribution	1	ContributionCnt
Noncash Contributions Rpt F990	$787,350	NoncashContributionsRptF990Amt
Method Of Determining Revenues	Opinions of experts	MethodOfDeterminingRevenuesTxt

Food Inventory FoodInventoryGrp

Field	Value	IRS element (for citing)
Contribution	11	ContributionCnt
Noncash Contributions Rpt F990	$13,582	NoncashContributionsRptF990Amt
Method Of Determining Revenues	Market value	MethodOfDeterminingRevenuesTxt

Other Non Cash Contri Table OtherNonCashContriTableGrp (3 entries)

Non Cash CheckboxNonCashCheckboxInd	DescDesc	ContributionContributionCnt	Noncash Contributions Rpt F990NoncashContributionsRptF990Amt	Method Of Determining RevenuesMethodOfDeterminingRevenuesTxt
Yes (X)	HORSE	1	$265,000	Opinions of experts
Yes (X)	EQUIPMENT	2	$9,150	Opinions of experts
Yes (X)	SPECIALIZED DOG	1	$15,000	Other - ESTIMATION BY INDUSTRY PROFESSIONAL

Field	Value	IRS element (for citing)
Form8283 Received	0	Form8283ReceivedCnt
Any Property That Must Be Held	false	AnyPropertyThatMustBeHeldInd
Review Process Unusual NC Gifts	Yes (true)	ReviewProcessUnusualNCGiftsInd
Third Parties Used	false	ThirdPartiesUsedInd

Supplemental Information Detail SupplementalInformationDetail

Field	Value	IRS element (for citing)
Form And Line Reference	Schedule M, Part I EXPLANATIONS OF REPORTING METHOD FOR NUMBER OF CONTRIBUTIONS	FormAndLineReferenceDesc
Explanation	The number reported in column (b) represents the number of contributions.	ExplanationTxt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (9 entries)

Form And Line ReferenceFormAndLineReferenceDesc	ExplanationExplanationTxt
Form 990, Part VI, Line 15 PROCESS TO ESTABLISH COMPENSATION	COMPENSATION OF THEPRESIDENT AND OTHER OFFICERS AND KEY EMPLOYEES ARE REVIEWED WHEN SALARIES ARE SET AND ADJUSTED TO DETERMINE THE REASONABLENESS OF THE COMPENSATION. COMPENSATION IS FURTHER REVIEWED DURING THE BUDGETING PROCESS. NO ONE VOTES ON THEIR OWN SALARY DURING THE PROCESS.
Form 990, Part VI, Line 2 FAMILY/BUSINESS RELATIONSHIPS AMONGST INTERESTED PERSONS	Gilbert Tinney and William Tinney - siblings Jeffrey F Benson and Gaye Overton Benson - Husband and Wife David Rhodenhizer and Chris Rhodenhizer - Father and Son Jonathan Falwell, James Scroggins IV, and Harold Rawlings - business relationship via an unrelated nonprofit organization Jonathan Falwell, Jeanie Rivers, and Jerry Falwell Jr. - Siblings Carrol Hudson and Jonathan Falwell - business relationship via related nonprofit organization
Form 990, Part VI, Line 1a Delegate broad authority to a committee	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; ALTER PREVIOUS ACTION BY BOARD; ADOPT COMPENSATION FOR BOARD OR COMMITTEE SERVICE; AND HIRE OR TERMINATE THE PRESIDENT OR CHANCELLOR.
Form 990, Part VI, Line 11b Review of form 990 by governing body	FORM 990 FOR FY JUNE 30, 2025 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, Line 12c Conflict of interest policy	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, 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, Line 19 Required documents available to the public	LIBERTY UNIVERSITY DOES NOT MAKE ITS GOVERNING DOCUMENTS OR FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC DURING THE TAX YEAR. HOWEVER, SOME DOCUMENTS ARE AVAILABLE TO THE PUBLIC VIA THE PUBLIC RECORD AND/OR THIRD-PARTY SITES ON THE INTERNET. FOR EXAMPLE, LIBERTY UNIVERSITY'S ARTICLES OF INCORPORATION ARE FILED WITH THE VIRGINIA STATE CORPORATION COMMISSION AND THE AUDITED FINANCIAL STATEMENTS ARE AVAILABLE ON THE FAC. GOV WEBSITE. LIBERTY UNIVERSITY MAKES ITS CONFLICT OF INTEREST POLICIES AVAILABLE TO THE PUBLIC ON ITS WEBSITE.
Form 990, Part VII, Section A, Line 1a, Column (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 VIII, Line 11d Other Miscellaneous Revenue	Other Revenue - Total Revenue: 665819, Related or Exempt Function Revenue: 23153, Unrelated Business Revenue: 642666, Revenue Excluded from Tax Under Sections 512, 513, or 514: 0;
Form 990, Part XI, Line 9 Other changes in net assets or fund balances	CHANGE IN SPLIT INTEREST AGREEMENT - -751829; Rounding - 6; Total - -751823;

Schedule R IRS990ScheduleR

Id Disregarded Entities IdDisregardedEntitiesGrp (41 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	$226,165	LIBERTY UNIVERSITY
4414 CAMPBELL AVENUE LLC
1971 UNIVERSITY BLVD	LYNCHBURG	VA	24515	540946734	REAL ESTATE	VA	$0	$225,638	LIBERTY UNIVERSITY
4420 CAMPBELL AVENUE LLC
1971 UNIVERSITY BLVD	LYNCHBURG	VA	24515	540946734	REAL ESTATE	VA	$0	$31,649	LIBERTY UNIVERSITY
4132 RICHMOND HIGHWAY LLC
1971 UNIVERSITY BLVD	LYNCHBURG	VA	24515	540946734	REAL ESTATE	VA	$15,216	$451,893	LIBERTY UNIVERSITY
4180 RICHMOND HIGHWAY LLC
1971 UNIVERSITY BLVD	LYNCHBURG	VA	24515	540946734	REAL ESTATE	VA	$16,500	$726,281	LIBERTY UNIVERSITY
4228 RICHMOND HIGHWAY LLC
1971 UNIVERSITY BLVD	LYNCHBURG	VA	24515	540946734	REAL ESTATE	VA	$9,785	$267,057	LIBERTY UNIVERSITY
4306 RICHMOND HIGHWAY LLC
1971 UNIVERSITY BLVD	LYNCHBURG	VA	24515	540946734	REAL ESTATE	VA	$0	$394,049	LIBERTY UNIVERSITY
4500 RICHMOND HIGHWAY LLC
1971 UNIVERSITY BLVD	LYNCHBURG	VA	24515	540946734	REAL ESTATE	VA	$0	$110,542	LIBERTY UNIVERSITY
HOLCOMB PATH LLC
1971 UNIVERSITY BLVD	LYNCHBURG	VA	24515	540946734	REAL ESTATE	VA	$0	$61,188	LIBERTY UNIVERSITY
747 RIVER ROAD LLC
1971 UNIVERSITY BLVD	LYNCHBURG	VA	24515	540946734	REAL ESTATE	VA	$0	$60,908	LIBERTY UNIVERSITY
AIRPORT PLAZA HOLDINGS LLC
1971 UNIVERSITY BLVD	LYNCHBURG	VA	24515	471347963	REAL ESTATE	VA	$808,149	$5,485,019	LIBERTY UNIVERSITY
BURTON REALTY I LLC
1971 UNIVERSITY BLVD	LYNCHBURG	VA	24515	540946734	REAL ESTATE	VA	$72,068	$3,457,342	LIBERTY UNIVERSITY
BURTON REALTY II LLC
1971 UNIVERSITY BLVD	LYNCHBURG	VA	24515	540946734	REAL ESTATE	VA	$75,135	$3,604,463	LIBERTY UNIVERSITY
BURTON REALTY III LLC
1971 UNIVERSITY BLVD	LYNCHBURG	VA	24515	540946734	REAL ESTATE	VA	$1,533	$73,560	LIBERTY UNIVERSITY
BURTON REALTY IV LLC
1971 UNIVERSITY BLVD	LYNCHBURG	VA	24515	540946734	REAL ESTATE	VA	$1,533	$73,560	LIBERTY UNIVERSITY
BURTON REALTY V LLC
1971 UNIVERSITY BLVD	LYNCHBURG	VA	24515	540946734	REAL ESTATE	VA	$1,533	$73,560	LIBERTY UNIVERSITY
BURTON REALTY VI LLC
1971 UNIVERSITY BLVD	LYNCHBURG	VA	24515	540946734	REAL ESTATE	VA	$1,533	$73,560	LIBERTY UNIVERSITY
C & C AVIATION LLC
1971 UNIVERSITY BLVD	LYNCHBURG	VA	24515	540946734	UNIV. TRAVEL	VA	$790,264	$8,588,226	LIBERTY UNIVERSITY
CROSSROADS INVESTMENTS LLC
1971 UNIVERSITY BLVD	LYNCHBURG	VA	24515	473991939	REAL ESTATE	VA	-$35,183	$691,898	LIBERTY UNIVERSITY
CURRUS HOLDINGS LLC
1971 UNIVERSITY BLVD	LYNCHBURG	VA	24515	841924710	REAL ESTATE	VA	$98,524	$7,349,794	LIBERTY UNIVERSITY
ELEANOR'S BENCH LLC
1971 UNIVERSITY BLVD	LYNCHBURG	VA	24515	540946734	STUDENT PROD	VA	$0	$0	LIBERTY UNIVERSITY
IVY HILL RECREATION LLC
1971 UNIVERSITY BLVD	LYNCHBURG	VA	24515	460903360	STUDENT REC	VA	$0	$0	LIBERTY UNIVERSITY
JERRY FALWELL MINISTRIES LLC
1971 UNIVERSITY BLVD	LYNCHBURG	VA	24515	832633425	DONATIONS	VA	$0	$40,569	LIBERTY UNIVERSITY
HILL CITY AQUAZOO LLC
1971 UNIVERSITY BLVD	LYNCHBURG	VA	24515	540946734	INTERACTIVE AQUARIUM	VA	$0	$0	LIBERTY UNIVERSITY
COLLABORATIVE HEALTH PARTNERS LLC
1971 UNIVERSITY BLVD	LYNCHBURG	VA	24515	475575947	HEALTH SVCS	VA	$41,911,767	$30,551,672	LIBERTY UNIVERSITY
MD RESOURCE LLC
1111 CORPORATE PARK DR STE D	FOREST	VA	24551	541836561	INACTIVE	VA	$0	$0	LIBERTY UNIVERSITY
LEGACY CHP OF VIRGINIA LLC
1111 CORPORATE PARK DR STE D	FOREST	VA	24551	464914763	INACTIVE	VA	$0	$0	LIBERTY UNIVERSITY
LIBERTY MOTION PICTURES LLC
1971 UNIVERSITY BLVD	LYNCHBURG	VA	24515	465653798	STUDENT PROD	VA	$0	$11,890	LIBERTY UNIVERSITY
LIBERTY MOUNTAIN MEDICAL GROUP LLC
1971 UNIVERSITY BLVD	LYNCHBURG	VA	24515	472935244	INACTIVE	VA	$0	$0	LIBERTY UNIVERSITY
LIBERTY RIDGE LLC
1971 UNIVERSITY BLVD	LYNCHBURG	VA	24515	270714028	REAL ESTATE	VA	$420,673	$8,357,281	LIBERTY UNIVERSITY
LU CANDLER'S MOUNTAIN ROAD HOLDINGS LLC
1971 UNIVERSITY BLVD	LYNCHBURG	VA	24515	540946734	REAL ESTATE	VA	$0	$5,605,873	LIBERTY UNIVERSITY
LU CANDLERS STATION HOLDINGS LLC
1971 UNIVERSITY BLVD	LYNCHBURG	VA	24515	271753489	REAL ESTATE	VA	$3,052,553	$14,596,412	LIBERTY UNIVERSITY
LU PLAZA HOLDINGS LLC
1971 UNIVERSITY BLVD	LYNCHBURG	VA	24515	270217985	REAL ESTATE	VA	$2,596,486	$14,576,376	LIBERTY UNIVERSITY
LU WARDS ROAD CENTER HOLDINGS LLC
1971 UNIVERSITY BLVD	LYNCHBURG	VA	24515	825392968	REAL ESTATE	VA	$923,493	$6,198,578	LIBERTY UNIVERSITY
LUCOM GRADUATE MEDICAL EDUCATION SERVICE
1971 UNIVERSITY BLVD	LYNCHBURG	VA	24515	831769271	MED EDUCATION	VA	$0	$0	LIBERTY UNIVERSITY
MORNING STAR BROADCASTING LLC
1971 UNIVERSITY BLVD	LYNCHBURG	VA	24515	463731118	TV BROADCAST	VA	-$217,813	$25,104	LIBERTY UNIVERSITY
PHILANTHROPY LYNCHBURG LLC
1971 UNIVERSITY BLVD	LYNCHBURG	VA	24515	364962693	RETAIL SALES	VA	$946,365	$178,459	LIBERTY UNIVERSITY
SEVEN & JAMES LLC
1971 UNIVERSITY BLVD	LYNCHBURG	VA	24515	334532150	RETAIL SALES	VA	$43,864	$828,895	LIBERTY UNIVERSITY
RED TIE MUSIC LLC
1971 UNIVERSITY BLVD	LYNCHBURG	VA	24515	461340766	STUDENT PUBLI	VA	$29,466	$322,484	LIBERTY UNIVERSITY
RIVER RIDGE MALL JV LLC
1971 UNIVERSITY BLVD	LYNCHBURG	VA	24515	811762010	REAL ESTATE	VA	$9,354,757	$66,765,486	LIBERTY UNIVERSITY
VERTICAL VENTURES LLC
1971 UNIVERSITY BLVD	LYNCHBURG	VA	24515	540946734	TELECOM ASSET	VA	$0	$0	LIBERTY UNIVERSITY

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)	1	BOARD OF DEACONS	false
OLD TIME GOSPEL HOUR
1971 UNIVERSITY BLVD	LYNCHBURG	VA	24515	237293001	RELIGIOUS	VA	501(c)(3)	10	LIBERTY UNIVERSITY	Yes (true)
LIBERTY UNIVERSITY FOUNDATION
1971 UNIVERSITY BLVD	LYNCHBURG	VA	24515	541939910	RELIGIOUS	DC	501(c)(3)	10	LIBERTY UNIVERSITY	Yes (true)
LIBERTY CHRISTIAN ACADEMY
3701 CANDLERS MTN ROAD	LYNCHBURG	VA	24502	540831546	EDUCATION	VA	501(c)(3)	2	LIBERTY UNIVERSITY	Yes (true)
LIBERTY UNIVERSITY ENDOWMENT TRUST
1971 UNIVERSITY BLVD	LYNCHBURG	VA	24515	541851119	RELIGIOUS	VA	501(c)(3)		LIBERTY UNIVERSITY	Yes (true)
LIBERTY BROADCASTING NETWORK INC
1971 UNIVERSITY BLVD	LYNCHBURG	VA	24515	541381866	RELIGIOUS	VA	501(c)(3)	10	LIBERTY UNIVERSITY	Yes (true)

Id Related Org Txbl Partnership IdRelatedOrgTxblPartnershipGrp (4 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 ALTERNATIVE FUND LP
410 PARK AVE	New York	NY	10022	820801083	INVESTING	DE	PERMANENS ASSOC	Excluded	$29,450,982	$209,500,978	false	$75,175	false	0.853
PERMANENS CAPITAL FLOATING RATE FUND LP
410 PARK AVE	New York	NY	10022	800939712	INVESTING	DE	PERMANENS ASSOC	Excluded	$6,061,026	$76,778,624	false		false	0.9018
PERMANENS NON-AGENCY RMBS ALLOCATION FUND LP
410 PARK AVE	New York	NY	10022	901003099	INVESTING	DE	PERMANENS ASSOC	Excluded	$10,399,232	$156,408,878	false		false	0.8176
MIDOCEAN MULTI ASSET CREDIT FUND LP
245 PARK AVENUE 38TH FLOOR	New York	NY	10167	854037566	INVESTING	DE	MIDOCEAN MULTI	Excluded	$5,454,626	$51,331,851	false		false	0.5702

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 UNIVERSITY	C Corporation	$4,439,609	$23,049,722	1.00	Yes (true)
LIBERTY MOUNTAIN CAPITAL INC
1971 UNIVERSITY BLVD	LYNCHBURG	VA	24515	272376207	INVESTMENT	VA	LIBERTY UNIVERSITY	C Corporation	$24,244	$531,474	1.00	Yes (true)
LIBERTY VILLAGE COMMUNITY ASSOCIATION
1971 UNIVERSITY BLVD	LYNCHBURG	VA	24515	862524000	PROPERTY MGMT	VA	LIBERTY UNIVERSITY	C Corporation	$0	$0	0.60	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	false	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	Yes (true)	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	Yes (true)	TransferFromOtherOrgInd

Transactions Related Org TransactionsRelatedOrgGrp (9 entries)

Transaction TypeTransactionTypeTxt	InvolvedInvolvedAmt	Method Of Amount DeterminationMethodOfAmountDeterminationTxt
FREEDOM AVIATION
A	$9,655	ACCRUAL
OLD TIME GOSPEL HOUR
A	$14,305	ACCRUAL
FREEDOM AVIATION
D	$236,920	ACCRUAL
FREEDOM AVIATION
M	$9,368,000	ACCRUAL
FREEDOM AVIATION
D	$147,792	ACCRUAL
FREEDOM AVIATION
P	$336,000	ACCRUAL
FREEDOM AVIATION
Q	$153,000	ACCRUAL
PERMANENS CAPITAL FLOATING RATE FUND LP
S	$75,336,074	ACCRUAL
MIDOCEAN MULTI ASSET CREDIT FUND LP
S	$51,703,679	ACCRUAL