LIBERTY UNIVERSITY INC: Form 990, tax year 2022

View the entire original 990 at ProPublica ↗

Organization: LIBERTY UNIVERSITY INC (EIN 54-0946734)
Tax period: 2022-07-01 to 2023-06-30
Filed: 2024-05-14
IRS object ID: 202401359349310735
Schema version: 2022v5.0
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	2024-05-14T15:35:53-05:00	ReturnTs
Tax Period End	2023-06-30	TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

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 Street Suite 300	AddressLine1Txt
City	Raleigh	CityNm
State Abbreviation	NC	StateAbbreviationCd
ZIP	27601	ZIPCd

Field	Value	IRS element (for citing)
Return Type	990	ReturnTypeCd
Tax Period Begin	2022-07-01	TaxPeriodBeginDt

Filer Filer

Field	Value	IRS element (for citing)
EIN	540946734	EIN

Business Name BusinessName

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

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

US Address USAddress

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

Business Officer BusinessOfficerGrp

Field	Value	IRS element (for citing)
Person	DR ROBERT RITZ	PersonNm
Person Title	CFO	PersonTitleTxt
Phone	4345923237	PhoneNum
Signature	2024-05-13	SignatureDt
Discuss With Paid Preparer	Yes (true)	DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

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

Field	Value	IRS element (for citing)
SSN	999009999	SSN

Preparer Person PreparerPersonGrp

Field	Value	IRS element (for citing)
Preparer Person	SANDRA L FEINSMITH	PreparerPersonNm
PTIN	P01064157	PTIN
Phone	9192781936	PhoneNum
Preparation	2024-05-13	PreparationDt

Additional Filer Information AdditionalFilerInformation

Trusted Customer TrustedCustomerGrp

Field	Value	IRS element (for citing)
Trusted Customer	3	TrustedCustomerCd

Field	Value	IRS element (for citing)
Tax	2022	TaxYr
Build TS	2023-04-26 12:10:37Z	BuildTS

Form 990 IRS990

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

US Address USAddress

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

Field	Value	IRS element (for citing)
Gross Receipts	$2,815,381,928	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	27	VotingMembersGoverningBodyCnt
Voting Members Independent	18	VotingMembersIndependentCnt
Total Employee	13165	TotalEmployeeCnt
Total Volunteers	10765	TotalVolunteersCnt
Total Gross UBI	$34,113,253	TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm	$3,245,142	NetUnrelatedBusTxblIncmAmt
PY Contributions Grants	$29,324,690	PYContributionsGrantsAmt
CY Contributions Grants	$30,915,325	CYContributionsGrantsAmt
PY Program Service Revenue	$1,483,885,774	PYProgramServiceRevenueAmt
CY Program Service Revenue	$1,464,462,952	CYProgramServiceRevenueAmt
PY Investment Income	$56,917,248	PYInvestmentIncomeAmt
CY Investment Income	$31,160,973	CYInvestmentIncomeAmt
PY Other Revenue	$23,978,952	PYOtherRevenueAmt
CY Other Revenue	$39,137,298	CYOtherRevenueAmt
PY Total Revenue	$1,594,106,664	PYTotalRevenueAmt
CY Total Revenue	$1,565,676,548	CYTotalRevenueAmt
PY Grants And Similar Paid	$345,349,344	PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid	$343,170,765	CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members	$0	PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members	$0	CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid	$506,430,364	PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid	$575,149,217	CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns	$0	PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns	$0	CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense	$5,567,119	CYTotalFundraisingExpenseAmt
PY Other Expenses	$432,307,085	PYOtherExpensesAmt
CY Other Expenses	$462,746,446	CYOtherExpensesAmt
PY Total Expenses	$1,284,086,793	PYTotalExpensesAmt
CY Total Expenses	$1,381,066,428	CYTotalExpensesAmt
PY Revenues Less Expenses	$310,019,871	PYRevenuesLessExpensesAmt
CY Revenues Less Expenses	$184,610,120	CYRevenuesLessExpensesAmt
Total Assets BOY	$3,991,603,424	TotalAssetsBOYAmt
Total Assets EOY	$4,157,125,287	TotalAssetsEOYAmt
Total Liabilities BOY	$464,621,438	TotalLiabilitiesBOYAmt
Total Liabilities EOY	$308,542,889	TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY	$3,526,981,986	NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY	$3,848,582,398	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	$956,059,458	ExpenseAmt
Grant	$343,170,765	GrantAmt
Revenue	$1,336,194,817	RevenueAmt
Desc	INSTRUCTION OF APPROXIMATELY 130,000 STUDENTS IN UNDERGRADUATE, GRADUATE, AND DOCTORAL PROGRAMS FOR BOTH THE ONLINE AND RESIDENTIAL PROGRAMS. SCHOLARSHIPS, GRANTS AND OTHER FINANCIAL ASSISTANCE ARE AWARDED TO ELIGIBLE STUDENTS BASED ON PROGRAM CRITERIA, WHICH INCLUDED SCHOLASTIC MERIT, ATHLETIC EXCELLENCE, ARTISTIC PERFORMANCE, FINANCIAL NEED, HIGH SCHOOL ATTENDED AND FIELD WORKED.	Desc

Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp

Field	Value	IRS element (for citing)
Expense	$209,776,235	ExpenseAmt
Grant	$0	GrantAmt
Revenue	$134,098,107	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	$1,165,835,693	TotalProgramServiceExpensesAmt
Described In Section501c3	Yes (true)	DescribedInSection501c3Ind
Schedule B Required	Yes (true)	ScheduleBRequiredInd
Political Campaign Acty	false	PoliticalCampaignActyInd
Lobbying Activities	Yes (true)	LobbyingActivitiesInd
Subject To Proxy Tax	false	SubjectToProxyTaxInd
Donor Advised Fund	false	DonorAdvisedFundInd
Conservation Easements	false	ConservationEasementsInd
Collections Of Art	Yes (true)	CollectionsOfArtInd
Credit Counseling	false	CreditCounselingInd
Donor Rstr Or Quasi Endowments	Yes (true)	DonorRstrOrQuasiEndowmentsInd
Report Land Building Equipment	Yes (true)	ReportLandBuildingEquipmentInd
Report Investments Other Sec	Yes (true)	ReportInvestmentsOtherSecInd
Report Program Related Invst	false	ReportProgramRelatedInvstInd
Report Other Assets	false	ReportOtherAssetsInd
Report Other Liabilities	Yes (true)	ReportOtherLiabilitiesInd
Include FIN48 Footnote	false	IncludeFIN48FootnoteInd
Independent Audit Fincl Stmt	false	IndependentAuditFinclStmtInd
Consolidated Audit Fincl Stmt	Yes (true)	ConsolidatedAuditFinclStmtInd
School Operating	Yes (true)	SchoolOperatingInd
Foreign Office	Yes (true)	ForeignOfficeInd
Foreign Activities	Yes (true)	ForeignActivitiesInd
More Than5000 K To Org	false	MoreThan5000KToOrgInd
More Than5000 K To Individuals	false	MoreThan5000KToIndividualsInd
Professional Fundraising	false	ProfessionalFundraisingInd
Fundraising Activities	Yes (true)	FundraisingActivitiesInd
Gaming Activities	false	GamingActivitiesInd
Operate Hospital	false	OperateHospitalInd
Grants To Organizations	Yes (true)	GrantsToOrganizationsInd
Grants To Individuals	Yes (true)	GrantsToIndividualsInd
Schedule J Required	Yes (true)	ScheduleJRequiredInd
Tax Exempt Bonds	false	TaxExemptBondsInd
Engaged In Excess Benefit Trans	false	EngagedInExcessBenefitTransInd
PY Excess Benefit Trans	false	PYExcessBenefitTransInd
Loan Outstanding	Yes (true)	LoanOutstandingInd
Grant To Related Person	Yes (true)	GrantToRelatedPersonInd
Business Rln With Org Mem	Yes (true)	BusinessRlnWithOrgMemInd
Business Rln With Fam Mem	Yes (true)	BusinessRlnWithFamMemInd
Business Rln With35 Ctrl Ent	Yes (true)	BusinessRlnWith35CtrlEntInd
Deductible Non Cash Contri	Yes (true)	DeductibleNonCashContriInd
Deductible Art Contribution	Yes (true)	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	1023	IRPDocumentCnt
IRP Document W2 G	0	IRPDocumentW2GCnt
Backup Wthld Compliance	Yes (true)	BackupWthldComplianceInd
Employee	13165	EmployeeCnt
Employment Tax Returns Filed	Yes (true)	EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over Limit	Yes (true)	UnrelatedBusIncmOverLimitInd
Form990 T Filed	Yes (true)	Form990TFiledInd
Foreign Financial Account	false	ForeignFinancialAccountInd
Prohibited Tax Shelter Trans	false	ProhibitedTaxShelterTransInd
Taxable Party Notification	false	TaxablePartyNotificationInd
Nondeductible Contributions	false	NondeductibleContributionsInd
Quid Pro Quo Contributions	Yes (true)	QuidProQuoContributionsInd
Quid Pro Quo Contri Discl	Yes (true)	QuidProQuoContriDisclInd
Form8282 Property Disposed Of	false	Form8282PropertyDisposedOfInd
Rcv Fnds To Pay Prsnl Bnft Cntrct	false	RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct	false	PayPremiumsPrsnlBnftCntrctInd
Form8899 Filedind	true	Form8899Filedind
Form1098 C Filed	Yes (true)	Form1098CFiledInd
Indoor Tanning Services	false	IndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht Pymt	Yes (true)	SubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst Inc	false	SubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VI	Yes (X)	InfoInScheduleOPartVIInd
Governing Body Voting Members	27	GoverningBodyVotingMembersCnt
Independent Voting Member	18	IndependentVotingMemberCnt
Family Or Business Rln	Yes (true)	FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties	false	DelegationOfMgmtDutiesInd
Change To Org Documents	false	ChangeToOrgDocumentsInd
Material Diversion Or Misuse	false	MaterialDiversionOrMisuseInd
Members Or Stockholders	false	MembersOrStockholdersInd
Election Of Board Members	false	ElectionOfBoardMembersInd
Decisions Subject To Approva	false	DecisionsSubjectToApprovaInd
Minutes Of Governing Body	Yes (true)	MinutesOfGoverningBodyInd
Minutes Of Committees	Yes (true)	MinutesOfCommitteesInd
Officer Mailing Address	false	OfficerMailingAddressInd
Local Chapters	false	LocalChaptersInd
Form990 Provided To Gvrn Body	Yes (true)	Form990ProvidedToGvrnBodyInd
Conflict Of Interest Policy	Yes (true)	ConflictOfInterestPolicyInd
Annual Disclosure Covered Prsn	Yes (true)	AnnualDisclosureCoveredPrsnInd
Regular Monitoring Enfrc	Yes (true)	RegularMonitoringEnfrcInd
Whistleblower Policy	Yes (true)	WhistleblowerPolicyInd
Document Retention Policy	Yes (true)	DocumentRetentionPolicyInd
Compensation Process CEO	Yes (true)	CompensationProcessCEOInd
Compensation Process Other	Yes (true)	CompensationProcessOtherInd
Investment In Joint Venture	Yes (true)	InvestmentInJointVentureInd
Written Policy Or Procedure	false	WrittenPolicyOrProcedureInd
States Where Copy Of Return Is Fld	NH	StatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is Fld	NY	StatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is Fld	OR	StatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is Fld	SC	StatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is Fld	WA	StatesWhereCopyOfReturnIsFldCd
Upon Request	Yes (X)	UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

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

US Address USAddress

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

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

Form990 Part VII Section A Form990PartVIISectionAGrp (53 entries)

TitleTitleTxt	Average Hours Per WeekAverageHoursPerWeekRt	Average Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRt	Highest Compensated EmployeeHighestCompensatedEmployeeInd	Reportable Comp From OrgReportableCompFromOrgAmt	Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt	Other CompensationOtherCompensationAmt	Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd	OfficerOfficerInd	Key EmployeeKeyEmployeeInd	Former Ofcr Director TrusteeFormerOfcrDirectorTrusteeInd
Mr Danny H Freeze Jr
Head Coach - Football	55.0	0.0	Yes (X)	$3,793,248	$0	$40,181
Mr Ritchie L McKay
Head Coach - Basketball	55.0	0.0	Yes (X)	$1,402,383	$0	$61,577
Dr Jerry Prevo
Trustee/President	54.0	1.0		$991,455	$0	$32,763	Yes (X)	Yes (X)
Mr Ian McCaw
Director of Athletics	55.0	0.0		$827,522	$0	$61,577			Yes (X)
Dr Robert Ritz
Chief Fin. Officer/Treasurer	53.0	2.0		$586,079	$0	$61,577		Yes (X)
Mr David Corry
General Counsel/Secretary	55.0	0.0		$445,473	$0	$34,176		Yes (X)
Mr James Chadwell
Head Coach - Football	55.0	0.0	Yes (X)	$479,629	$0	$0
Dr Ronald Kennedy
EVP for Enrollment & Marketing	55.0	0.0		$398,422	$0	$61,227			Yes (X)
Dr Scott Hicks
Provost & Chief Academic Off.	54.0	1.0		$416,214	$0	$18,374		Yes (X)
Mr Scott Jackson
Head Coach - Baseball	55.0	0.0	Yes (X)	$376,041	$0	$54,782
Dr Mark F Horstemeyer
Dean, School of Engineering	55.0	0.0	Yes (X)	$368,095	$0	$40,782
Dr Shawn Akers
Online Provost	55.0	0.0		$382,624	$0	$8,050		Yes (X)
Mrs Cindy Gaebe
SVP of Fin.& Chief Invest Off.	50.0	5.0		$330,704	$0	$13,343		Yes (X)
Mr Don Moon
FORMER OFFICER	40.0	0.0		$273,735	$0	$52,318				Yes (X)
Mr John Gauger
Chief Information Officer	55.0	0.0		$291,504	$0	$27,155			Yes (X)
Mr Daniel Deter
VP of Major Construction	55.0	0.0		$291,813	$0	$25,676			Yes (X)
Rev Glenn Clary
EVP of Strategic P'ships	55.0	0.0		$255,026	$0	$58,360			Yes (X)
Mr Steve Foster
EVP of Human Resources	55.0	0.0		$263,471	$0	$41,077			Yes (X)
Mr Craig Pettitt
VP of Real Estate Management	55.0	0.0		$250,465	$0	$40,343			Yes (X)
Mr Charles Spence
SVP of Campus Facilities & Tra	54.5	0.5		$252,713	$0	$37,860			Yes (X)
Mr Shon Muldrow
SVP of Inclusion, Divers & Eqy	55.0	0.0		$252,577	$0	$36,405			Yes (X)
Mr Daniel Applewhite
Deputy Gen. Counsel/Asst. Secy	55.0	0.0		$239,381	$0	$24,101		Yes (X)
Dr Lawrence Hine
Senior VP of Student Affairs	45.0	10.0		$215,970	$0	$37,342			Yes (X)
Mr Scott Spear
VP of Finance & Administration	53.0	2.0		$191,609	$0	$18,977			Yes (X)
Pastor Jonathan Falwell
Trustee/Chancellor	20.0	3.0		$208,510	$0	$0	Yes (X)	Yes (X)
Mr Matthew Cooper
VP of Student Financial Svcs	55.0	0.0		$159,578	$0	$20,968			Yes (X)
Mr Chris Johnson
Former Key Employee	40.0	0.0		$133,050	$0	$18,693				Yes (X)
Mr Anthony Beckles
Trustee/Online Chair	42.0	1.0		$107,812	$0	$16,373	Yes (X)
Mr Gilbert Tinney Jr
Trustee	3.0	0.0		$74,599	$0	$0	Yes (X)
Dr David Rhodenhizer
Trustee	3.0	0.0		$51,712	$0	$0	Yes (X)
Mr Jeffery S Yager
Trustee	2.0	0.0		$46,486	$0	$0	Yes (X)
Dr Brian Autry
Trustee & Adjunct Professor	27.0	0.0		$44,000	$0	$0	Yes (X)
Dr John Borek Jr
Trustee & Adjunct Professor	27.0	0.0		$40,600	$0	$0	Yes (X)
Mr Chris Rhodenhizer
Trustee	2.0	0.0		$32,675	$0	$0	Yes (X)
Dr Don Crain
Trustee	2.0	0.0		$22,575	$0	$0	Yes (X)
Evangelist William F Graham
Trustee	2.0	0.0		$11,900	$0	$0	Yes (X)
Evangelist Tim Lee
Trustee	3.0	0.0		$10,599	$0	$0	Yes (X)
Mr Galen Peel Sr
Trustee	2.0	0.0		$1,385	$0	$0	Yes (X)
Mr Duke Westover
Trustee	2.0	0.0		$1,125	$0	$0	Yes (X)
Mr Carroll Hudson
Trustee	3.0	0.0		$510	$0	$0	Yes (X)
Dr Gene Mims
Trustee	2.0	0.0		$510	$0	$0	Yes (X)
Dr Allen McFarland
Trustee	2.0	0.0		$500	$0	$0	Yes (X)
Ms Penny Nance
Trustee	2.0	0.0		$500	$0	$0	Yes (X)
Mr Jeffrey F Benson
Trustee	3.0	0.0		$347	$0	$0	Yes (X)
Mr Richard Osborne
Trustee	3.0	0.0		$317	$0	$0	Yes (X)
Mr John Heath
Trustee	2.0	0.0		$260	$0	$0	Yes (X)
Mrs Gaye Overton Benson
Trustee	2.0	0.0		$250	$0	$0	Yes (X)
Dr Dwight Reighard
Trustee	2.0	0.0		$135	$0	$0	Yes (X)
Dr Jerry Vines
Trustee	3.0	0.0		$135	$0	$0	Yes (X)
Dr Richard G Lee
Trustee	2.0	0.0		$135	$0	$0	Yes (X)
Dr Harold Rawlings
Trustee	2.0	0.0		$125	$0	$0	Yes (X)
Mr Will Tinney
Trustee	2.0	0.0		$125	$0	$0	Yes (X)
Ms Angela Jordan
Trustee	2.0	0.0		$0	$0	$0	Yes (X)

Field	Value	IRS element (for citing)
Total Reportable Comp From Org	$13,784,663	TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org	$0	TotReportableCompRltdOrgAmt
Total Other Compensation	$888,023	TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K	855	IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed	Yes (true)	FormerOfcrEmployeesListedInd
Total Comp Greater Than150 K	Yes (true)	TotalCompGreaterThan150KInd
Compensation From Other Srcs	false	CompensationFromOtherSrcsInd

Contractor Compensation ContractorCompensationGrp (5 entries)

Address Line1ContractorAddress/USAddress/AddressLine1Txt	CityContractorAddress/USAddress/CityNm	State AbbreviationContractorAddress/USAddress/StateAbbreviationCd	ZIPContractorAddress/USAddress/ZIPCd	ServicesServicesDesc	CompensationCompensationAmt
Google LLC
1600 Amphitheatre Parkway	MOUNTAIN VIEW	CA	94043	Advertising	$36,030,153
Sodexo Mgmt Inc-Liberty Uni loca
PO Box 360170	PITTSBURGH	PA	15251	food service	$30,358,855
The Whiting-Turner Contracting Comp
300 East Joppa Road	BALTIMORE	MD	21286	construction	$10,544,949
James R Vannoy Sons Constr Co In
700 Highland Oaks Drive	WINSTONSALEM	NC	27103	construction	$9,969,264
HMS Holdings LTD Partnership
4400 Papa Joe Hendrick Boulevard	CHARLOTTE	NC	28262	advertising	$8,641,934

Field	Value	IRS element (for citing)
Cntrct Rcvd Greater Than100 K	371	CntrctRcvdGreaterThan100KCnt
Government Grants	$19,530,739	GovernmentGrantsAmt
All Other Contributions	$11,384,586	AllOtherContributionsAmt
Noncash Contributions	$770,926	NoncashContributionsAmt
Total Contributions	$30,915,325	TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp (5 entries)

DescDesc	BusinessBusinessCd	Total Revenue ColumnTotalRevenueColumnAmt	Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt	Unrelated Business RevenueUnrelatedBusinessRevenueAmt
TUITION AND FEES	611710	$1,336,194,817	$1,336,194,817
ROOM & BOARD	611710	$98,513,282	$94,608,415	$3,904,867
STUDENT ACTIVITIES	611710	$13,403,000	$13,403,000
STUDENT FEES	611710	$13,140,400	$13,140,400
BOOKSTORE/CONCESSIONS	611710	$3,211,453	$3,211,453

Field	Value	IRS element (for citing)
Total Program Service Revenue	$1,464,462,952	TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$55,709,676	TotalRevenueColumnAmt
Unrelated Business Revenue	$1,543,576	UnrelatedBusinessRevenueAmt
Exclusion	$54,166,100	ExclusionAmt

Incm From Invest Bond Proceeds IncmFromInvestBondProceedsGrp

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

Royalties Revenue RoyaltiesRevenueGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$539,581	TotalRevenueColumnAmt
Exclusion	$539,581	ExclusionAmt

Gross Rents GrossRentsGrp

Field	Value	IRS element (for citing)
Real	$13,939,020	RealAmt
Personal	$130,079	PersonalAmt

Less Rental Expenses LessRentalExpensesGrp

Field	Value	IRS element (for citing)
Real	$14,234,081	RealAmt

Rental Income Or Loss RentalIncomeOrLossGrp

Field	Value	IRS element (for citing)
Real	-$295,061	RealAmt
Personal	$130,079	PersonalAmt

Net Rental Income Or Loss NetRentalIncomeOrLossGrp

Field	Value	IRS element (for citing)
Total Revenue Column	-$164,982	TotalRevenueColumnAmt
Unrelated Business Revenue	$130,079	UnrelatedBusinessRevenueAmt
Exclusion	-$295,061	ExclusionAmt

Gross Amount Sales Assets GrossAmountSalesAssetsGrp

Field	Value	IRS element (for citing)
Securities	$1,210,879,792	SecuritiesAmt
Other	$10,000	OtherAmt

Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp

Field	Value	IRS element (for citing)
Securities	$1,234,945,037	SecuritiesAmt
Other	$493,458	OtherAmt

Gain Or Loss GainOrLossGrp

Field	Value	IRS element (for citing)
Securities	-$24,065,245	SecuritiesAmt
Other	-$483,458	OtherAmt

Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp

Field	Value	IRS element (for citing)
Total Revenue Column	-$24,548,703	TotalRevenueColumnAmt
Related Or Exempt Func Income	-$483,458	RelatedOrExemptFuncIncomeAmt
Exclusion	-$24,065,245	ExclusionAmt

Field	Value	IRS element (for citing)
Fundraising Gross Income	$42,475	FundraisingGrossIncomeAmt
Contri Rpt Fundraising Event	$0	ContriRptFundraisingEventAmt
Fundraising Direct Expenses	$32,804	FundraisingDirectExpensesAmt

Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$9,671	TotalRevenueColumnAmt
Exclusion	$9,671	ExclusionAmt

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

Net Income From Gaming NetIncomeFromGamingGrp

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

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

Net Income Or Loss NetIncomeOrLossGrp

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

Other Revenue Misc OtherRevenueMiscGrp (3 entries)

DescDesc	BusinessBusinessCd	Total Revenue ColumnTotalRevenueColumnAmt	Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt	Unrelated Business RevenueUnrelatedBusinessRevenueAmt
HEALTH SERVICES	621111	$29,387,371	$4,320,366	$25,067,005
OTHER INCOME	611710	$5,259,307	$1,919,302	$3,340,005
STUDENT TRAVEL FEES	561500	$2,887,274	$2,887,274

Miscellaneous Revenue MiscellaneousRevenueGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$1,219,076	TotalRevenueColumnAmt
Related Or Exempt Func Income	$1,091,355	RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue	$127,721	UnrelatedBusinessRevenueAmt

Field	Value	IRS element (for citing)
Other Revenue Total	$38,753,028	OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$1,565,676,548	TotalRevenueColumnAmt
Related Or Exempt Func Income	$1,470,292,924	RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue	$34,113,253	UnrelatedBusinessRevenueAmt
Exclusion	$30,355,046	ExclusionAmt

Grants To Domestic Orgs GrantsToDomesticOrgsGrp

Field	Value	IRS element (for citing)
Total	$1,924,231	TotalAmt
Program Services	$1,924,231	ProgramServicesAmt

Grants To Domestic Individuals GrantsToDomesticIndividualsGrp

Field	Value	IRS element (for citing)
Total	$341,246,534	TotalAmt
Program Services	$341,246,534	ProgramServicesAmt

Foreign Grants ForeignGrantsGrp

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

Benefits To Members BenefitsToMembersGrp

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

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

Field	Value	IRS element (for citing)
Total	$9,353,733	TotalAmt
Program Services	$6,173,464	ProgramServicesAmt
Management And General	$3,180,269	ManagementAndGeneralAmt

Comp Disqual Persons CompDisqualPersonsGrp

Field	Value	IRS element (for citing)
Total	$3,028,481	TotalAmt
Program Services	$1,998,797	ProgramServicesAmt
Management And General	$1,029,684	ManagementAndGeneralAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

Field	Value	IRS element (for citing)
Total	$452,436,042	TotalAmt
Program Services	$386,142,507	ProgramServicesAmt
Management And General	$63,047,465	ManagementAndGeneralAmt
Fundraising	$3,246,070	FundraisingAmt

Pension Plan Contributions PensionPlanContributionsGrp

Field	Value	IRS element (for citing)
Total	$11,825,859	TotalAmt
Program Services	$8,835,933	ProgramServicesAmt
Management And General	$2,892,108	ManagementAndGeneralAmt
Fundraising	$97,818	FundraisingAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

Field	Value	IRS element (for citing)
Total	$64,570,030	TotalAmt
Program Services	$49,073,678	ProgramServicesAmt
Management And General	$14,827,868	ManagementAndGeneralAmt
Fundraising	$668,484	FundraisingAmt

Payroll Taxes PayrollTaxesGrp

Field	Value	IRS element (for citing)
Total	$33,935,072	TotalAmt
Program Services	$27,552,957	ProgramServicesAmt
Management And General	$6,156,199	ManagementAndGeneralAmt
Fundraising	$225,916	FundraisingAmt

Fees For Services Management FeesForServicesManagementGrp

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

Fees For Services Legal FeesForServicesLegalGrp

Field	Value	IRS element (for citing)
Total	$7,262,209	TotalAmt
Management And General	$7,262,209	ManagementAndGeneralAmt

Fees For Services Accounting FeesForServicesAccountingGrp

Field	Value	IRS element (for citing)
Total	$394,700	TotalAmt
Management And General	$394,700	ManagementAndGeneralAmt

Fees For Services Lobbying FeesForServicesLobbyingGrp

Field	Value	IRS element (for citing)
Total	$37,686	TotalAmt
Management And General	$37,686	ManagementAndGeneralAmt

Fees For Services Prof Fundraising FeesForServicesProfFundraising

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

Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp

Field	Value	IRS element (for citing)
Total	$6,839,108	TotalAmt
Management And General	$6,839,108	ManagementAndGeneralAmt

Fees For Services Other FeesForServicesOtherGrp

Field	Value	IRS element (for citing)
Total	$4,694,862	TotalAmt
Program Services	$2,962,057	ProgramServicesAmt
Management And General	$1,732,805	ManagementAndGeneralAmt

Advertising AdvertisingGrp

Field	Value	IRS element (for citing)
Total	$24,533,512	TotalAmt
Program Services	$18,363,584	ProgramServicesAmt
Management And General	$6,066,353	ManagementAndGeneralAmt
Fundraising	$103,575	FundraisingAmt

Office Expenses OfficeExpensesGrp

Field	Value	IRS element (for citing)
Total	$6,777,058	TotalAmt
Program Services	$4,895,781	ProgramServicesAmt
Management And General	$1,753,177	ManagementAndGeneralAmt
Fundraising	$128,100	FundraisingAmt

Information Technology InformationTechnologyGrp

Field	Value	IRS element (for citing)
Total	$51,978,853	TotalAmt
Program Services	$38,556,030	ProgramServicesAmt
Management And General	$13,141,753	ManagementAndGeneralAmt
Fundraising	$281,070	FundraisingAmt

Royalties RoyaltiesGrp

Field	Value	IRS element (for citing)
Total	$483,614	TotalAmt
Program Services	$296,945	ProgramServicesAmt
Management And General	$186,669	ManagementAndGeneralAmt

Occupancy OccupancyGrp

Field	Value	IRS element (for citing)
Total	$16,811,393	TotalAmt
Program Services	$15,210,279	ProgramServicesAmt
Management And General	$1,600,999	ManagementAndGeneralAmt
Fundraising	$115	FundraisingAmt

Travel TravelGrp

Field	Value	IRS element (for citing)
Total	$17,655,094	TotalAmt
Program Services	$16,276,413	ProgramServicesAmt
Management And General	$1,200,369	ManagementAndGeneralAmt
Fundraising	$178,312	FundraisingAmt

Pymt Travel Entrtnmnt Pub Ofcl PymtTravelEntrtnmntPubOfclGrp

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

Conferences Meetings ConferencesMeetingsGrp

Field	Value	IRS element (for citing)
Total	$557,070	TotalAmt
Program Services	$376,356	ProgramServicesAmt
Management And General	$173,068	ManagementAndGeneralAmt
Fundraising	$7,646	FundraisingAmt

Interest InterestGrp

Field	Value	IRS element (for citing)
Total	$4,714,596	TotalAmt
Program Services	$4,386,004	ProgramServicesAmt
Management And General	$328,592	ManagementAndGeneralAmt

Payments To Affiliates PaymentsToAffiliatesGrp

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

Depreciation Depletion DepreciationDepletionGrp

Field	Value	IRS element (for citing)
Total	$52,429,554	TotalAmt
Program Services	$49,624,572	ProgramServicesAmt
Management And General	$2,804,982	ManagementAndGeneralAmt

Insurance InsuranceGrp

Field	Value	IRS element (for citing)
Total	$6,140,943	TotalAmt
Program Services	$807,079	ProgramServicesAmt
Management And General	$5,333,864	ManagementAndGeneralAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDesc	TotalTotalAmt	Program ServicesProgramServicesAmt	Management And GeneralManagementAndGeneralAmt	FundraisingFundraisingAmt
PURCHASED SERVICES	$101,784,884	$100,980,122	$590,867	$213,895
STUDENT FOOD SERVICES	$31,346,403	$31,152,738	$60,758	$132,907
SUBSIDIARY HEALTH SERVICES	$40,084,289	$14,134,743	$25,949,546
SUPPLIES	$16,921,155	$13,556,311	$3,298,605	$66,239

All Other Expenses AllOtherExpensesGrp

Field	Value	IRS element (for citing)
Total	$71,299,463	TotalAmt
Program Services	$31,308,578	ProgramServicesAmt
Management And General	$39,773,913	ManagementAndGeneralAmt
Fundraising	$216,972	FundraisingAmt

Total Functional Expenses TotalFunctionalExpensesGrp

Field	Value	IRS element (for citing)
Total	$1,381,066,428	TotalAmt
Program Services	$1,165,835,693	ProgramServicesAmt
Management And General	$209,663,616	ManagementAndGeneralAmt
Fundraising	$5,567,119	FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

Field	Value	IRS element (for citing)
BOY	$342,750,702	BOYAmt
EOY	$335,223,236	EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

Field	Value	IRS element (for citing)
BOY	$73,212,720	BOYAmt
EOY	$67,974,725	EOYAmt

Pledges And Grants Receivable PledgesAndGrantsReceivableGrp

Field	Value	IRS element (for citing)
BOY	$392,741	BOYAmt
EOY	$348,405	EOYAmt

Accounts Receivable AccountsReceivableGrp

Field	Value	IRS element (for citing)
BOY	$52,603,117	BOYAmt
EOY	$51,514,596	EOYAmt

Receivables From Officers Etc ReceivablesFromOfficersEtcGrp

Field	Value	IRS element (for citing)
BOY	$1,973,510	BOYAmt
EOY	$2,321,778	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	$1,764,505	BOYAmt
EOY	$723,439	EOYAmt

Inventories For Sale Or Use InventoriesForSaleOrUseGrp

Field	Value	IRS element (for citing)
BOY	$1,101,457	BOYAmt
EOY	$907,286	EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

Field	Value	IRS element (for citing)
BOY	$23,751,043	BOYAmt
EOY	$27,372,426	EOYAmt

Field	Value	IRS element (for citing)
Land Bldg Equip Cost Or Other Bss	$2,086,779,740	LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec	$562,256,004	LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

Field	Value	IRS element (for citing)
BOY	$1,455,225,612	BOYAmt
EOY	$1,524,523,736	EOYAmt

Investments Pub Traded Sec InvestmentsPubTradedSecGrp

Field	Value	IRS element (for citing)
BOY	$948,263,818	BOYAmt
EOY	$1,173,230,771	EOYAmt

Investments Other Securities InvestmentsOtherSecuritiesGrp

Field	Value	IRS element (for citing)
BOY	$1,050,417,070	BOYAmt
EOY	$930,154,351	EOYAmt

Investments Program Related InvestmentsProgramRelatedGrp

Field	Value	IRS element (for citing)
BOY	$16,361,125	BOYAmt
EOY	$20,441,271	EOYAmt

Intangible Assets IntangibleAssetsGrp

Field	Value	IRS element (for citing)
BOY	$1,049,135	BOYAmt
EOY	$1,955,952	EOYAmt

Other Assets Total OtherAssetsTotalGrp

Field	Value	IRS element (for citing)
BOY	$22,736,869	BOYAmt
EOY	$20,433,315	EOYAmt

Total Assets TotalAssetsGrp

Field	Value	IRS element (for citing)
BOY	$3,991,603,424	BOYAmt
EOY	$4,157,125,287	EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

Field	Value	IRS element (for citing)
BOY	$94,597,467	BOYAmt
EOY	$107,357,656	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	$145,827,603	BOYAmt
EOY	$171,622,594	EOYAmt

Tax Exempt Bond Liabilities TaxExemptBondLiabilitiesGrp

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

Escrow Account Liability EscrowAccountLiabilityGrp

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

Loans From Officers Directors LoansFromOfficersDirectorsGrp

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

Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp

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

Unsecured Notes Loans Payable UnsecuredNotesLoansPayableGrp

Field	Value	IRS element (for citing)
BOY	$191,542,554	BOYAmt
EOY	$0	EOYAmt

Other Liabilities OtherLiabilitiesGrp

Field	Value	IRS element (for citing)
BOY	$32,653,814	BOYAmt
EOY	$29,562,639	EOYAmt

Total Liabilities TotalLiabilitiesGrp

Field	Value	IRS element (for citing)
BOY	$464,621,438	BOYAmt
EOY	$308,542,889	EOYAmt

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

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

Field	Value	IRS element (for citing)
BOY	$3,493,968,693	BOYAmt
EOY	$3,811,800,111	EOYAmt

Donor Restriction Net Assets DonorRestrictionNetAssetsGrp

Field	Value	IRS element (for citing)
BOY	$33,013,293	BOYAmt
EOY	$36,782,287	EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

Field	Value	IRS element (for citing)
BOY	$3,526,981,986	BOYAmt
EOY	$3,848,582,398	EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

Field	Value	IRS element (for citing)
BOY	$3,991,603,424	BOYAmt
EOY	$4,157,125,287	EOYAmt

Field	Value	IRS element (for citing)
Info In Schedule O Part XI	Yes (X)	InfoInScheduleOPartXIInd
Reconcilation Revenue Expnss	$184,610,120	ReconcilationRevenueExpnssAmt
Net Unrlzd Gains Losses Invst	$132,006,987	NetUnrlzdGainsLossesInvstAmt
Other Changes In Net Assets	$4,983,305	OtherChangesInNetAssetsAmt
Method Of Accounting Accrual	Yes (X)	MethodOfAccountingAccrualInd
Accountant Compile Or Review	false	AccountantCompileOrReviewInd
FS Audited	Yes (true)	FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

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

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

Schedule A IRS990ScheduleA

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

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

Field	Value	IRS element (for citing)
Contributor	RESTRICTED	ContributorNum

Contributor Business Name ContributorBusinessName

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

Contributor US Address ContributorUSAddress

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

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

Schedule C IRS990ScheduleC

Total Grassroots Lobbying TotalGrassrootsLobbyingGrp

Field	Value	IRS element (for citing)
Filing Organizations Total	$4,447	FilingOrganizationsTotalAmt

Total Direct Lobbying TotalDirectLobbyingGrp

Field	Value	IRS element (for citing)
Filing Organizations Total	$33,239	FilingOrganizationsTotalAmt

Total Lobbying Expend TotalLobbyingExpendGrp

Field	Value	IRS element (for citing)
Filing Organizations Total	$37,686	FilingOrganizationsTotalAmt

Other Exempt Purpose Expend OtherExemptPurposeExpendGrp

Field	Value	IRS element (for citing)
Filing Organizations Total	$1,381,028,742	FilingOrganizationsTotalAmt

Total Exempt Purpose Expend TotalExemptPurposeExpendGrp

Field	Value	IRS element (for citing)
Filing Organizations Total	$1,381,066,428	FilingOrganizationsTotalAmt

Lobbying Nontaxable Amount LobbyingNontaxableAmountGrp

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

Grassroots Nontaxable GrassrootsNontaxableGrp

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

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

Avg Lobbying Nontaxable Amount AvgLobbyingNontaxableAmountGrp

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

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

Avg Total Lobbying Expend AvgTotalLobbyingExpendGrp

Field	Value	IRS element (for citing)
Current Year Minus3	$88,120	CurrentYearMinus3Amt
Current Year Minus2	$301,033	CurrentYearMinus2Amt
Current Year Minus1	$53,183	CurrentYearMinus1Amt
Current Year	$37,686	CurrentYearAmt
Total	$480,022	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	$32,838	CurrentYearMinus3Amt
Current Year Minus2	$277,608	CurrentYearMinus2Amt
Current Year Minus1	$0	CurrentYearMinus1Amt
Current Year	$4,447	CurrentYearAmt
Total	$314,893	TotalAmt

Schedule D IRS990ScheduleD

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

Collection Used Other Purposes CollectionUsedOtherPurposesGrp

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

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

CY Endwmt Fund CYEndwmtFundGrp

Field	Value	IRS element (for citing)
Beginning Year Balance	$2,169,446,963	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 Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp

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 Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp

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

CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp

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

CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp

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

Field	Value	IRS element (for citing)
Board Designated Balance EOY	0.99050	BoardDesignatedBalanceEOYPct
Prmnnt Endowment Balance EOY	0.00800	PrmnntEndowmentBalanceEOYPct
Term Endowment Balance EOY	0.00150	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	$112,141,651	OtherCostOrOtherBasisAmt
Book Value	$112,141,651	BookValueAmt

Buildings BuildingsGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$1,440,721,023	OtherCostOrOtherBasisAmt
Depreciation	$303,953,618	DepreciationAmt
Book Value	$1,136,767,405	BookValueAmt

Field	Value	IRS element (for citing)
Leasehold Improvements		LeaseholdImprovementsGrp

Equipment EquipmentGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$283,674,108	OtherCostOrOtherBasisAmt
Depreciation	$208,209,403	DepreciationAmt
Book Value	$75,464,705	BookValueAmt

Other Land Buildings OtherLandBuildingsGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$250,242,958	OtherCostOrOtherBasisAmt
Depreciation	$50,092,983	DepreciationAmt
Book Value	$200,149,975	BookValueAmt

Field	Value	IRS element (for citing)
Total Book Value Land Buildings	$1,524,523,736	TotalBookValueLandBuildingsAmt
Financial Derivatives		FinancialDerivativesGrp
Closely Held Equity Interests		CloselyHeldEquityInterestsGrp

Other Securities OtherSecuritiesGrp (5 entries)

DescDesc	Book ValueBookValueAmt	Method ValuationMethodValuationCd
TRADITIONAL FIXED INCOME	$401,036,427	F
PUBLICLY TRADED EQUITIES	$203,848,908	F
HEDGE FUNDS	$187,842,120	F
COMMODITIES/OTHER ALTERNATIVES	$101,164,155	F
PRIVATE EQUITY/VENTURE CAPITAL	$36,262,741	F

Field	Value	IRS element (for citing)
Total Book Value Securities	$930,154,351	TotalBookValueSecuritiesAmt
Federal Income Tax Liability	$0	FederalIncomeTaxLiabilityAmt

Other Liabilities Org OtherLiabilitiesOrgGrp (4 entries)

DescDesc	AmtAmt
GIFT ANNUITIES PAYABLE	$23,766,037
OBLIG. UNDER CAPITAL LEASES	$5,222,995
INTEREST AGREEMENT	$623,182
DUE TO/FROM FA FROM C&C AVIA.	-$49,575

Field	Value	IRS element (for citing)
Total Liability	$29,562,639	TotalLiabilityAmt
Total Rev Etc Audited Fincl Stmt	$1,373,155,375	TotalRevEtcAuditedFinclStmtAmt
Net Unrealized Gains Invst	$132,006,987	NetUnrealizedGainsInvstAmt
Donated Services And Use Fclts	$1,575,739	DonatedServicesAndUseFcltsAmt
Other Revenue	$5,757,293	OtherRevenueAmt
Revenue Not Reported	$139,340,019	RevenueNotReportedAmt
Revenue Subtotal	$1,233,815,356	RevenueSubtotalAmt
Other Revenues Not Included	$331,861,192	OtherRevenuesNotIncludedAmt
Revenue Not Reported Fincl Stmt	$331,861,192	RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990	$1,565,676,548	TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt	$1,051,554,963	TotExpnsEtcAuditedFinclStmtAmt
Donated Services Use Fclts	$1,575,739	DonatedServicesUseFcltsAmt
Other Expenses Included	$773,988	OtherExpensesIncludedAmt
Expenses Not Reported	$2,349,727	ExpensesNotReportedAmt
Expenses Subtotal	$1,049,205,236	ExpensesSubtotalAmt
Other Expenses Not Included	$331,861,192	OtherExpensesNotIncludedAmt
Expenses Not Rpt Fincl Stmt	$331,861,192	ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990	$1,381,066,428	TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail (6 entries)

Form And Line ReferenceFormAndLineReferenceDesc	ExplanationExplanationTxt
Part III, Line 4:	LIBERTY UNIVERSITY HAS A COLLECTION OF DONATED ANIMAL TROPHIES AND A COLLECTION OF DONATED PAINTINGS. THE COLLECTIONS ARE DISPLAYED WITHIN THE UNIVERSITY'S FACILITIES FOR THE EDUCATION AND ENJOYMENT OF STUDENTS AND VISITORS. THERE IS NO ADMISSION CHARGE FOR VIEWING THE COLLECTIONS AND LIBERTY UNIVERSITY DOES NOT ADVERTISE THAT THE COLLECTIONS ARE OPEN TO THE GENERAL PUBLIC.
Part V, Line 4:	THE UNIVERSITY HAS ADOPTED DONOR-RESTRICTED ENDOWMENT AND QUASI-ENDOWMENT SPENDING POLICIES TO HELP ENSURE THE CONTINUED VIABILITY OF ENDOWMENT FUNDS AND TO PRESERVE THE LONG-TERM PURCHASING POWER OF ENDOWMENT FUNDS. INVESTMENT RETURNS ARE ACHIEVED THROUGH CAPITAL APPRECIATION (REALIZED AND UNREALIZED), CURRENT YIELD (INTEREST AND DIVIDENDS), AND NET INCOME ON ENDOWED SUBSIDIARIES. THE UNIVERSITY'S ENDOWMENT IS INVESTED WITH THE PRIMARY GOAL OF PRESERVING CAPITAL TO WITHSTAND POTENTIAL FINANCIAL HARDSHIPS THROUGH GREATER ALLOCATION TO FIXED-INCOME ASSET INSTRUMENTS. PART VII INVESTMENTS-OTHER SECURITIES METHOD OF VALUATION IS NET ASSET VALUE
Part XI, Line 2D - Other Adjustments:	RENT EXPENSES $14,234,081 TAX ADJUSTMENT FOR SUBS FILING SEPARATE RETURNS $33,890,726 FUNDRAISING $32,804 ASU INVESTMENT ADJUSTMENT $(40,544,515) CHANGE IN SPLIT INTEREST $4,983,305 INVESTMENT EXPENSES $(6,839,108) TOTAL TO PART XI, LINE 2D $5,757,293
Part XI, Line 4B - Other Adjustments:	INSTITUTIONAL SCHOLARSHIPS $331,861,192 TOTAL TO PART XI, LINE 4B $331,861,192
Part XII, Line 2D - Other Adjustments:	RENT EXPENSES $14,234,081 TAX ADJUSTMENT FOR SUBS FILING SEPARATE RETURNS $33,890,726 FUNDRAISING $32,804 ASU INVESTMENT ADJUSTMENT $(40,544,515) INVESTMENT EXPENSES $(6,839,108) TOTAL TO PART XII, LINE 2D $773,988
Part XII, Line 4B - Other Adjustments:	INSTITUTIONAL SCHOLARSHIPS $331,861,192 TOTAL TO PART XII, LINE 4B $331,861,192

Schedule E IRS990ScheduleE

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

Supplemental Information Detail SupplementalInformationDetail (2 entries)

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

Schedule F IRS990ScheduleF

Account Activities Outside US AccountActivitiesOutsideUSGrp (6 entries)

RegionRegionTxt	Type Of Activities ConductedTypeOfActivitiesConductedTxt	Region Total ExpendituresRegionTotalExpendituresAmt	Specific Services ProvidedSpecificServicesProvidedTxt
Central America and the Caribbean	Investments	$60,315,432
Europe (Including Iceland and Greenland)	Program Services	$238,340	mission trip/study abr
Middle East and North Africa	Program Services	$216,999	mission trip/study abr
Sub-Saharan Africa	Program Services	$108,151	mission trip/study abr
East Asia and the Pacific	Program Services	$86,663	mission trip/study abr
South America	Program Services	$53,031	mission trip/study abr

Field	Value	IRS element (for citing)
Subtotal Offices	0	SubtotalOfficesCnt
Subtotal Employees	0	SubtotalEmployeesCnt
Total Office	0	TotalOfficeCnt
Total Employee	0	TotalEmployeeCnt
Subtotal Spent	$61,018,616	SubtotalSpentAmt
Total Spent	$61,018,616	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

Schedule G IRS990ScheduleG

Fundraising Event Information FundraisingEventInformationGrp

Field	Value	IRS element (for citing)
Event1	ATHLETIC GOLF	Event1Nm
Gross Receipts Event1	$42,475	GrossReceiptsEvent1Amt
Gross Revenue Event1	$42,475	GrossRevenueEvent1Amt
Non Cash Prizes Event1	$22,192	NonCashPrizesEvent1Amt
Rent Facility Costs Event1	$7,740	RentFacilityCostsEvent1Amt
Food And Beverage Event1	$2,409	FoodAndBeverageEvent1Amt
Other Direct Expenses Event1	$463	OtherDirectExpensesEvent1Amt
Other Events Total	0	OtherEventsTotalCnt
Gross Receipts Total	$42,475	GrossReceiptsTotalAmt
Gross Revenue Total Events	$42,475	GrossRevenueTotalEventsAmt
Non Cash Prizes Total Events	$22,192	NonCashPrizesTotalEventsAmt
Rent Fclty Costs Total Events	$7,740	RentFcltyCostsTotalEventsAmt
Food And Beverage Total Events	$2,409	FoodAndBeverageTotalEventsAmt
Oth Direct Expnss Total Events	$463	OthDirectExpnssTotalEventsAmt
Direct Expense Summary Events	$32,804	DirectExpenseSummaryEventsAmt
Net Income Summary	$9,671	NetIncomeSummaryAmt

Schedule I IRS990ScheduleI

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

Recipient Table RecipientTable (20 entries)

Address Line1USAddress/AddressLine1Txt	CityUSAddress/CityNm	State AbbreviationUSAddress/StateAbbreviationCd	ZIPUSAddress/ZIPCd	Recipient EINRecipientEIN	IRC SectionIRCSectionDesc	Cash GrantCashGrantAmt	Purpose Of GrantPurposeOfGrantTxt	Non Cash AssistanceNonCashAssistanceAmt	Valuation Method UsedValuationMethodUsedDesc	Non Cash AssistanceNonCashAssistanceDesc
HOPE PARTNERS INTERNATIONAL
300 Third Ave N	St Petersburg	FL	33701	237088912	501(c)(3)	$300,000	Supportive Christian Organization
SAMARITAN'S PURSE
PO Box 3000	Boone	NC	28607	581437002	501(c)(3)	$300,000	Supportive Christian Organization
GLOBAL SURGE INC
140 West 29th St Ste 357	Pueblo	CO	81008	473556611	501(c)(3)	$200,000	Supportive Christian Organization
LYNCHBURG BEACON OF HOPE
2600 Memorial Ave	Lynchburg	VA	24502	453797831	501(c)(3)	$200,000	Community Support
JERRY VINES MINISTRIES INC
3760 Sixes Rd Ste 126-312	Canton	GA	30114	204857233	501(c)(3)	$100,000	Supportive Christian Organization
TIM LEE MINISTRIES
PO Box 461674	Garland	TX	750461674	731268199	501(c)(3)	$100,000	Supportive Christian Organization
HILLSIDE BAPTIST CHURCH
8366 W State Hgwy 266	Springfield	MO	65802	421696045	501(c)(3)	$60,000	Supportive Christian Organization
LEGACY COLLEGE INC
1218 Rivermont Ave	Lynchburg	VA	24504	811162877	501(c)(3)	$50,000	community support
JAY LOWDER HARVEST MINISTRIES INC
PO Box 9543	Wichita Falls	TX	76308	752904331	501(c)(3)	$40,000	Supportive Christian Organization
MT PISGAH BAPTIST CHURCH AND CHRIST
PO Box 341	Oliver Spring	TN	37840	620984129	501(c)(3)	$40,000	Supportive Christian Organization
GAINEY FOUNDATION
6093 Clay Ave SW	Grand Rapids	MI	49548	912025454	501(c)(3)	$25,000	Supportive Christian Organization
M4K LYNCHBURG INC
1611 Langhorne Rd	Lynchburg	VA	24503	811738785	501(c)(3)	$14,000	community support
CHRISTIAN EMPLOYERS ALLIANCE
6101 Associated Blvd	Everett	WA	98203	811433310	501(c)(3)	$10,000	Supportive Christian Organization
LYNCHBURG HUMANE SOCIETY INC
1211 Old Graves Mill Rd	Lynchburg	VA	24502	540570901	501(c)(3)	$6,000	community support
WORLD HELP
PO Box 501	Forest	VA	245510501	541615454	501(c)(3)	$16,298	Supportive Christian Organization
HOPE OUT LOUD
1168 Lake Meadow Ln	Forest	VA	24551	900595714	501(c)(3)	$20,000	Supportive Christian Organization
CAMPBELL AVE BAPTIST CHURCH
3705 Campbell Ave	Lynchburg	VA	24501	541250826	501(c)(3)		Supportive Christian Organization	$17,500	FMV	vehicle
LIBERTY CHRISTIAN ACADEMY
100 Mountain View Rd	Lynchburg	VA	24502	540831546	501(c)(3)		Supportive Christian Organization	$72,940	COST/FMV	Turf/Crosswalk/Vehi.
THOMAS ROAD BAPTIST CHURCH
1 Mountain View Dr	Lynchburg	VA	245022689	260061907	501(c)(3)		Supportive Christian Organization	$320,285	FMV	Vehicle/Equipment
LIBERTY COUNSEL INC
PO BOX 540774	ORLANDO	FL	32854	592986294	501(c)(3)		Supportive Christian Organization	$605,533	COST/FMV	SERVICES/RENT

Field	Value	IRS element (for citing)
Total501c3 Org	20	Total501c3OrgCnt
Total Other Org	0	TotalOtherOrgCnt

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

Grant TypeGrantTypeTxt	RecipientRecipientCnt	Cash GrantCashGrantAmt	Non Cash AssistanceNonCashAssistanceAmt	Valuation Method UsedValuationMethodUsedDesc	Non Cash AssistanceNonCashAssistanceDesc
INSTITUTIONAL SCHOLARSHIPS	106730	$322,547,922
MISSIONARY ASSISTANCE	22	$41,481
BENEVOLENCE	24	$36,491	$8,000	FMV	VEHICLE

Supplemental Information Detail SupplementalInformationDetail

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

Schedule J IRS990ScheduleJ

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

Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (27 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 Danny H Freeze Jr
Head Coach - Football	$3,344,722	$0	$280,151	$0	$168,375	$0	$27,000	$0	$13,181	$0	$3,833,429	$0	$0	$0
Mr Ritchie L McKay
Head Coach - Basketball	$1,223,635	$0	$178,748	$0	$0	$0	$47,500	$0	$14,077	$0	$1,463,960	$0	$0	$0
Dr Jerry Prevo
Trustee/President	$748,491	$0	$242,964	$0	$0	$0	$27,000	$0	$5,763	$0	$1,024,218	$0	$0	$0
Mr Ian McCaw
Director of Athletics	$697,821	$0	$129,566	$0	$135	$0	$47,500	$0	$14,077	$0	$889,099	$0	$0	$0
Dr Robert Ritz
Chief Fin. Officer/Treasurer	$510,824	$0	$45,195	$0	$30,060	$0	$47,500	$0	$14,077	$0	$647,656	$0	$0	$0
Mr David Corry
General Counsel/Secretary	$412,673	$0	$32,800	$0	$0	$0	$20,833	$0	$13,343	$0	$479,649	$0	$0	$0
Mr James Chadwell
Head Coach - Football	$335,083	$0	$144,546	$0	$0	$0	$0	$0	$0	$0	$479,629	$0	$0	$0
Dr Ronald Kennedy
EVP for Enrollment & Marketing	$318,142	$0	$30,780	$0	$49,500	$0	$47,500	$0	$13,727	$0	$459,649	$0	$0	$0
Dr Scott Hicks
Provost & Chief Academic Off.	$361,991	$0	$31,823	$0	$22,400	$0	$18,083	$0	$291	$0	$434,588	$0	$0	$0
Mr Scott Jackson
Head Coach - Baseball	$282,828	$0	$93,213	$0	$0	$0	$41,000	$0	$13,782	$0	$430,823	$0	$0	$0
Dr Mark F Horstemeyer
Dean, School of Engineering	$359,573	$0	$2,000	$0	$6,522	$0	$27,000	$0	$13,782	$0	$408,877	$0	$0	$0
Dr Shawn Akers
Online Provost	$149,709	$0	$0	$0	$232,915	$0	$7,841	$0	$209	$0	$390,674	$0	$0	$0
Mrs Cindy Gaebe
SVP of Fin.& Chief Invest Off.	$284,004	$0	$46,700	$0	$0	$0	$0	$0	$13,343	$0	$344,047	$0	$0	$0
Mr Don Moon
FORMER OFFICER	$252,700	$0	$21,035	$0	$0	$0	$47,000	$0	$5,318	$0	$326,053	$0	$0	$0
Mr John Gauger
Chief Information Officer	$271,544	$0	$19,960	$0	$0	$0	$13,812	$0	$13,343	$0	$318,659	$0	$0	$0
Mr Daniel Deter
VP of Major Construction	$247,745	$0	$44,068	$0	$0	$0	$12,333	$0	$13,343	$0	$317,489	$0	$0	$0
Rev Glenn Clary
EVP of Strategic P'ships	$220,578	$0	$34,448	$0	$0	$0	$47,500	$0	$10,860	$0	$313,386	$0	$0	$0
Mr Steve Foster
EVP of Human Resources	$239,203	$0	$22,960	$0	$1,308	$0	$27,000	$0	$14,077	$0	$304,548	$0	$0	$0
Mr Craig Pettitt
VP of Real Estate Management	$231,745	$0	$18,720	$0	$0	$0	$27,000	$0	$13,343	$0	$290,808	$0	$0	$0
Mr Charles Spence
SVP of Campus Facilities & Tra	$234,389	$0	$18,324	$0	$0	$0	$27,000	$0	$10,860	$0	$290,573	$0	$0	$0
Mr Shon Muldrow
SVP of Inclusion, Divers & Eqy	$235,577	$0	$17,000	$0	$0	$0	$22,417	$0	$13,988	$0	$288,982	$0	$0	$0
Mr Daniel Applewhite
Deputy Gen. Counsel/Asst. Secy	$219,538	$0	$19,843	$0	$0	$0	$10,024	$0	$14,077	$0	$263,482	$0	$0	$0
Dr Lawrence Hine
Senior VP of Student Affairs	$198,970	$0	$17,000	$0	$0	$0	$27,000	$0	$10,342	$0	$253,312	$0	$0	$0
Mr Scott Spear
VP of Finance & Administration	$178,009	$0	$13,600	$0	$0	$0	$5,250	$0	$13,727	$0	$210,586	$0	$0	$0
Pastor Jonathan Falwell
Trustee/Chancellor	$200,000	$0	$8,510	$0	$0	$0	$0	$0	$0	$0	$208,510	$0	$0	$0
Mr Matthew Cooper
VP of Student Financial Svcs	$147,578	$0	$12,000	$0	$0	$0	$7,625	$0	$13,343	$0	$180,546	$0	$0	$0
Mr Chris Johnson
Former Key Employee	$124,050	$0	$9,000	$0	$0	$0	$5,000	$0	$13,693	$0	$151,743	$0	$0	$0

Supplemental Information Detail SupplementalInformationDetail (4 entries)

Form And Line ReferenceFormAndLineReferenceDesc	ExplanationExplanationTxt
PART I, LINE 1A:	TYPE OF BENEFIT: FIRST-CLASS OR CHARTER TRAVEL LISTED PERSON WHO RECEIVED THE BENEFIT: TRUSTEES, OFFICERS, KEY AND HIGHLY COMPENSATED WAS THE BENEFIT TREATED AS TAXABLE TO LISTED PERSON? FOR BUSINESS TRAVEL THE AMOUNT IS NEITHER REIMBURSED NOR IS TAXABLE; PERSONAL TRAVEL IS EITHER REIMBURSED OR TREATED AS A TAXABLE BENEFIT. TYPE OF BENEFIT: TRAVEL FOR COMPANIONS LISTED PERSON WHO RECEIVED THE BENEFIT: TRUSTEES, OFFICERS, KEY AND HIGHLY COMPENSATED WAS THE BENEFIT TREATED AS TAXABLE TO THE LISTED PERSON? IF COMPANION HAD A BUSINESS PURPOSE, THE AMOUNT IS NEITHER REIMBURSED NOR TAXABLE. IF COMPANION DOES NOT HAVE A BUSINESS PURPOSE, THE AMOUNT IS EITHER REIMBURSED OR IS TREATED AS A TAXABLE BENEFIT. TYPE OF BENEFIT: TAX INDEMNIFICATION AND GROSS-UP PAYMENTS LISTED PERSON WHO RECEIVED THE BENEFIT: PRESIDENT OF THE UNIVERSITY AND TRUSTEES WAS THE BENEFIT TREATED AS TAXABLE TO LISTED PERSON? THE AMOUNT IS TREATED AS TAXABLE COMPENSATION. TYPE OF BENEFIT: HOUSING ALLOWANCE LISTED PERSON WHO RECEIVED THE BENEFIT: PRESIDENT OF THE UNIVERSITY AND VP OF MAJOR CONSTRUCTION WAS THE BENEFIT TREATED AS TAXABLE TO THE LISTED PERSON? THE AMOUNT IS TREATED AS TAXABLE COMPENSATION UNLESS EXCLUDED UNDER THE INTERNAL REVENUE CODE. TYPE OF BENEFIT: HEALTH OR SOCIAL CLUB DUES OR INITIATION FEES LISTED PERSON WHO RECEIVED THE BENEFIT: HEAD FOOTBALL COACH WAS THE BENEFIT TREATED AS TAXABLE TO LISTED PERSON? THE AMOUNT IS TREATED AS TAXABLE COMPENSATION. TYPE OF BENEFIT: PERSONAL SERVICES LISTED PERSON WHO RECEIVED THE BENEFIT: PRESIDENT OF THE UNIVERSITY WAS THE BENEFIT TREATED AS TAXABLE TO LISTED PERSON? THE AMOUNT IS EITHER REIMBURSED OR TREATED AS TAXABLE COMPENSATION.
PART I, LINE 3:	COMPENSATION OF THE PRESIDENT AND OTHER OFFICERS AND KEY EMPLOYEES ARE REVIEWED ANNUALLY BY THE EXECUTIVE COMMITTEE. COMPARABLE SALARY DATA IS REVIEWED WHEN SALARIES ARE SET AND ADJUSTED TO DETERMINE THE REASONABLENESS OF THE COMPENSATION.
PART I, LINE 4A:	DR. SHAWN AKERS RECEIVED A SEVERANCE PAYMENT OF $200,200.
PART I, LINE 7:	CERTAIN EMPLOYEES AS DISCLOSED IN PART VII AND SCHEDULE J RECEIVE BONUS PAYMENTS WHICH WOULD QUALIFY AS NON-FIXED PAYMENTS. THE AMOUNTS OF SUCH BONUSES ARE APPROVED BY EXECUTIVE LEADERSHIP OF THE ORGANIZATION IN SUCH A WAY TO ENSURE REASONABLE COMPENSATION AND AVOID CONFLICTS OF INTEREST. ALL SUCH PAYMENTS ARE REFLECTED IN THE EMPLOYEE'S W-2.

Schedule L IRS990ScheduleL

Loans Btwn Org Interested Prsn LoansBtwnOrgInterestedPrsnGrp (8 entries)

Relationship With OrgRelationshipWithOrgTxt	Loan PurposeLoanPurposeTxt	Loan From OrganizationLoanFromOrganizationInd	Original PrincipalOriginalPrincipalAmt	Balance DueBalanceDueAmt	DefaultDefaultInd	Board Or Committee ApprovalBoardOrCommitteeApprovalInd	Written AgreementWrittenAgreementInd
Falwell Family GST Irrevoc Trust
35% Controlled Entity of Jerry Falwell, Jr.	split dollar premium	Yes (X)	$486,566	$503,514	false	Yes (true)	Yes (true)
Jerry Falwell Jr
Former President	Excess Bene Receivab	Yes (X)	$1,188,750	$1,179,663	Yes (true)	false	false
Charles Wesley Falwell
Son of Former President	Excess Bene Receivab	Yes (X)	$80,622	$80,622	Yes (true)	false	false
Sarah Falwell
Daughter-in-Law of Former President	Excess Bene Receivab	Yes (X)	$106,461	$91,461	Yes (true)	false	false
Laura Falwell
Daughter-in-Law of Former President	Excess Bene Receivab	Yes (X)	$85,504	$85,504	Yes (true)	false	false
Estate of Macel Falwell
Estate of Founder's Wife	Excess Bene Receivab	Yes (X)	$38,440	$38,440	Yes (true)	false	false
Related to Substantial Contributor
SISTER CO. TO SUBSTANTIAL CONTRIBUTOR	Real Estate Purchase	Yes (X)	$395,066	$339,712	false	false	Yes (true)
JERRY PREVO
PRESIDENT	RECEIVABLE FOR EXPEN	Yes (X)	$2,862	$2,862	false	false	false

Field	Value	IRS element (for citing)
Total Balance Due	$2,321,778	TotalBalanceDueAmt

Grnt Asst Bnft Interested Prsn GrntAsstBnftInterestedPrsnGrp

Field	Value	IRS element (for citing)
Person	NONE	PersonNm
Relationship With Org	NONE	RelationshipWithOrgTxt
Cash Grant	$309,743	CashGrantAmt
Type Of Assistance	GRANTS TO FAMILY OF BOARD	TypeOfAssistanceTxt
Assistance Purpose	TO HAVE COMPARABLE	AssistancePurposeTxt

Bus Tr Involve Interested Prsn BusTrInvolveInterestedPrsnGrp (41 entries)

Relationship DescriptionRelationshipDescriptionTxt	TransactionTransactionAmt	TransactionTransactionDesc	Sharing Of RevenuesSharingOfRevenuesInd
Bernette Beckles
Wife of Board Member	$31,800	compensation	false
Andrea Parker
Daughter of Board member	$27,100	compensation	false
Jamye Tickle
Daughter of Board Member	$35,400	compensation	false
Vincent Todd Tickle
Son in law of Board Member	$105,793	compensation	false
Laura Falwell
Daughter in Law of Former President	$75,096	compensation	false
Charles Wesley Falwell
Son of Former President	$42,653	compensation	false
Paige Falwell
Daughter-in-Law of Board Member	$35,869	compensation	false
Phillip McFarland
Son of Board Member	$51,460	compensation	false
Carol Prevo
Wife of Officer	$32,445	compensation	false
Dr Elmer Towns
Co-founder	$99,656	compensation	false
Marcus Akers
son of officer	$30,000	compensation	false
Deidre Akers
daughter-in-law of officer	$12,688	compensation	false
Shanna Akers
wife of officer	$179,392	compensation	false
Vickey Jaynes
sister of officer	$138,327	compensation	false
Melanie Hicks
wife of officer	$226,110	compensation	false
Christopher Hicks
brother of officer	$58,440	compensation	false
Virginia Dow
Sister in Law of Officer	$130,982	compensation	false
Mary Guman
Sister of Key Employee	$10,770	compensation	false
Edward Barnhouse
Son in law of Key Employee	$75,521	compensation	false
Brandon Elrod
Son in law of Key Employee	$54,378	compensation	false
Jessica Smith
Daughter of Key Employee	$45,510	compensation	false
Dawson Kennedy
Son of Key Employee	$19,518	compensation	false
Jennifer Kennedy
Wife of Key Employee	$75,538	compensation	false
Reganne Kennedy
daughter of key employee	$10,311	compensation	false
Tonia Kennedy
sister in law of key employee	$171,735	compensation	false
Scott Hawkins
son of former officer	$158,913	compensation	false
Nastaran Morgan
sister of former key employee	$58,929	compensation	false
Jonathan Wallace
son of former key employee	$68,851	compensation	false
Matthew Holcomb
Son in Law of Board Member	$22,644	compensation	false
W Franklin Graham
Father of Trustee	$75,000	speaking services	false
DuCar International LLC
owned by trustee	$79,732	travel services	false
Substantial Contributor
substantial contributor	$30,082,349	construction services	false
Substantial Contributor
substantial contributor	$5,761,934	Sponsorship	false
Substantial Contributor
substantial contributor	$5,357,900	Investment Mgmt Services	false
Substantial Contributor
substantial contributor	$1,836,932	Heating/Air Services	false
Substantial Contributor
substantial contributor	$965,647	Fuel Services	false
Substantial Contributor
substantial contributor	$482,525	Purchase of Equipment	false
Substantial Contributor
35% owned business of substantial contributor	$132,771	Purchase of Supplies	false
Substantial Contributor
Substantial Contributor	$211,138	Construction Services	false
Substantial Contributor
Substantial Contributor	$394,492	Heating/Air Services	false
Substantial Contributor
35% owned business of substantial contributor	$186,683	Marketing Services	false

Schedule M IRS990ScheduleM

Works Of Art WorksOfArtGrp

Field	Value	IRS element (for citing)
Non Cash Checkbox	Yes (X)	NonCashCheckboxInd
Contribution	2	ContributionCnt
Noncash Contributions Rpt F990	$56,150	NoncashContributionsRptF990Amt
Method Of Determining Revenues	Valuation	MethodOfDeterminingRevenuesTxt

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

Clothing And Household Goods ClothingAndHouseholdGoodsGrp

Field	Value	IRS element (for citing)
Non Cash Checkbox	Yes (X)	NonCashCheckboxInd
Noncash Contributions Rpt F990	$372,991	NoncashContributionsRptF990Amt
Method Of Determining Revenues	FMV	MethodOfDeterminingRevenuesTxt

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

Securities Publicly Traded SecuritiesPubliclyTradedGrp

Field	Value	IRS element (for citing)
Non Cash Checkbox	Yes (X)	NonCashCheckboxInd
Contribution	5	ContributionCnt
Noncash Contributions Rpt F990	$157,606	NoncashContributionsRptF990Amt
Method Of Determining Revenues	FMV	MethodOfDeterminingRevenuesTxt

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

Drugs And Medical Supplies DrugsAndMedicalSuppliesGrp

Field	Value	IRS element (for citing)
Non Cash Checkbox	Yes (X)	NonCashCheckboxInd
Contribution	1	ContributionCnt
Noncash Contributions Rpt F990	$5,219	NoncashContributionsRptF990Amt
Method Of Determining Revenues	FMV	MethodOfDeterminingRevenuesTxt

Field	Value	IRS element (for citing)
Taxidermy		TaxidermyGrp
Historical Artifacts		HistoricalArtifactsGrp
Scientific Specimens		ScientificSpecimensGrp
Archaeological Artifacts		ArchaeologicalArtifactsGrp

Other Non Cash Contri Table OtherNonCashContriTableGrp (4 entries)

Non Cash CheckboxNonCashCheckboxInd	DescDesc	ContributionContributionCnt	Noncash Contributions Rpt F990NoncashContributionsRptF990Amt	Method Of Determining RevenuesMethodOfDeterminingRevenuesTxt
Yes (X)	HORSE	1	$160,000	Valuation
Yes (X)	Equipment	1	$16,000	FMV
Yes (X)	HAY	1	$2,670	FMV
Yes (X)	GIFT CARDS	6	$290	FMV

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

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (9 entries)

Form And Line ReferenceFormAndLineReferenceDesc	ExplanationExplanationTxt
FORM 990, PART I, LINE 1, DESCRIPTION OF ORGANIZATION MISSION:	LIBERTY UNIVERSITY, INC. IS A DISTINCTIVELY CHRISTIAN ACADEMIC COMMUNITY, WITH A MISSION OF PROVIDING QUALITY COLLEGIATE EDUCATION TRAINING CHAMPIONS FOR CHRIST.
FORM 990, PART VI, SECTION A, LINE 1A:	THE EXECUTIVE COMMITTEE OF THE BOARD IS THE GOVERNING BODY OF THE ORGANIZATION BETWEEN BOARD MEETINGS WITH POWERS TO DO EVERYTHING THE BOARD CAN DO, EXCEPT CHANGE COMPOSITION OF ANY STANDING COMMITTEE; ADD OR REMOVE TRUSTEES; ESTABLISH BOARD POLICY; CHANGE ARTICLES OF INCORPORATION OR BYLAWS; ADOPT COMPENSATION FOR BOARD OR COMMITTEE SERVICE; AND HIRE OR TERMINATE THE PRESIDENT.
FORM 990, PART VI, SECTION A, LINE 2:	BOARD MEMBERS JEFFREY F. BENSON AND GAYE OVERTON BENSON ARE HUSBAND/WIFE. BOARD MEMBERS DAVID RHODENHIZER AND CHRIS RHODENHIZER ARE FATHER/SON. BOARD MEMBERS GILBERT TINNEY AND WILL TINNEY WERE FATHER/SON.
FORM 990, PART VI, SECTION B, LINE 11B:	FORM 990 FOR FY JUNE 30, 2023 WAS PROVIDED BEFORE FILING TO THE PRESIDENT, CHIEF FINANCIAL OFFICER, IN-HOUSE LEGAL COUNSEL AND THE BOARD OF TRUSTEES FOR REVIEW.
FORM 990, PART VI, SECTION B, LINE 12C:	THE UNIVERSITY HAS ADOPTED A POLICY OF CONFLICTS OF INTEREST FOR TRUSTEES. THE SECRETARY IS RESPONSIBLE FOR DISTRIBUTING AND COLLECTING SIGNED DISCLOSURE STATEMENTS AT THE TIME A TRUSTEE IS FIRST ELECTED, ANNUALLY, AND AT THE TIME A TRUSTEE BECOMES AWARE OF A POTENTIAL CONFLICT. AFTER RECEIVING DISCLOSURES FROM THE TRUSTEES, THE SECRETARY WILL SUMMARIZE THE MATERIAL INFORMATION CONTAINED IN THE DISCLOSURE STATEMENTS OR OTHER DISCLOSURE AND DELIVER A REPORT TO THE AUDIT COMMITTEE AND THE GENERAL COUNSEL. THE RESOLUTION OF ANY CONFLICT OR PERCEIVED CONFLICT THAT IS IDENTIFIED BY THE SECRETARY WILL BE DETERMINED BY THE AUDIT COMMITTEE OR, UPON THE REFERRAL BY THE AUDIT COMMITTEE OR THE CHAIRMAN OF THE AUDIT COMMITTEE, BY THE BOARD OF TRUSTEES. THE GENERAL COUNSEL WILL ADVISE ON ANY LEGAL REQUIREMENTS ARISING FROM ANY ACTUAL OR APPARENT CONFLICT OF INTEREST, INCLUDING THOSE SITUATIONS WHERE IT WOULD BE APPROPRIATE OR REQUIRED FOR THE TRUSTEE TO RECUSE HIM OR HERSELF FROM BOARD DELIBERATIONS OR VOTES. TO THE EXTENT ANY ACTUAL OR APPARENT CONFLICT OF INTEREST INVOLVES A TRANSACTION UNDER CONSIDERATION BY THE BOARD OF TRUSTEES OR A COMMITTEE OF THE BOARD, THE TRUSTEE'S INTEREST MUST BE DISCLOSED AND KNOWN TO THE BOARD OR THE APPLICABLE COMMITTEE PRIOR TO THE AUTHORIZATION, APPROVAL OR RATIFICATION OF THE TRANSACTION. THE UNIVERSITY HAS ADOPTED A POLICY OF CONFLICTS OF INTEREST AND COMMITMENT FOR SENIOR OFFICERS AND EXECUTIVES. THE SECRETARY IS RESPONSIBLE FOR DISTRIBUTING THE DISCLOSURE STATEMENTS AND COLLECTING SIGNED DISCLOSURE STATEMENTS AT THE TIME A SENIOR OFFICER OR EXECUTIVE IS FIRST APPOINTED OR HIRED. ANNUALLY, THE SECRETARY WILL DISSEMINATE AND PROVIDE ANNUAL DISCLOSURE STATEMENTS TO ALL SENIOR OFFICERS AND EXECUTIVES. AFTER RECEIVING DISCLOSURES FROM THE SENIOR OFFICERS AND EXECUTIVES, THE SECRETARY WILL SUMMARIZE THE MATERIAL INFORMATION CONTAINED IN THE DISCLOSURE STATEMENTS OR OTHER DISCLOSURE AND TIMELY DELIVER A REPORT TO THE PRESIDENT OF THE UNIVERSITY, THE CHIEF FINANCIAL OFFICER AND THE AUDIT COMMITTEE. THE RESOLUTION OF ANY ACTUAL OR PERCEIVED CONFLICT OF INTEREST THAT IS IDENTIFIED BY THE SECRETARY WILL BE DETERMINED BY THE PRESIDENT, CHANCELLOR OF SPIRITUAL AFFAIRS, CHIEF FINANCIAL OFFICER OR INTERNAL AUDITOR WILL BE DETERMINED IN CONSULTATION WITH THE CHAIRMAN OF THE AUDIT COMMITTEE AND SUBJECT TO THE APPROVAL OF THE AUDIT COMMITTEE OR BOARD OF TRUSTEES.
FORM 990, PART VI, SECTION B, LINE 15 A & B:	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, SECTION C, LINE 19:	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 (B) AVERAGE HOURS PER WEEK:	BOARD MEMBERS CONTRIBUTE THEIR TIME AND SERVICES UPON REQUEST AND ON AS NEEDED BASIS, WHICH, THROUGHOUT THE YEAR, MAY DIFFER FROM THE AVERAGE NUMBER OF HOURS PER WEEK.
FORM 990, PART XI, LINE 9, CHANGES IN NET ASSETS:	CHANGE IN SPLIT INTEREST AGREEMENT 4,983,305

Schedule R IRS990ScheduleR

Id Disregarded Entities IdDisregardedEntitiesGrp (40 entries)

Address Line1USAddress/AddressLine1Txt	CityUSAddress/CityNm	State AbbreviationUSAddress/StateAbbreviationCd	ZIPUSAddress/ZIPCd	EINEIN	Primary ActivitiesPrimaryActivitiesTxt	Legal Domicile StateLegalDomicileStateCd	Total IncomeTotalIncomeAmt	End Of Year AssetsEndOfYearAssetsAmt	Business Name Line1DirectControllingEntityName/BusinessNameLine1Txt
4400 Campbell Avenue LLC
1971 University Blvd	Lynchburg	VA	24515	540946734	REAL ESTATE	VA	$0	$226,123	Liberty Univ
4414 Campbell Avenue LLC
1971 University Blvd	Lynchburg	VA	24515	540946734	REAL ESTATE	VA	$0	$225,595	Liberty Univ
4420 Campbell Avenue LLC
1971 University Blvd	Lynchburg	VA	24515	540946734	REAL ESTATE	VA	$0	$31,649	Liberty Univ
4132 Richmond Highway LLC
1971 University Blvd	Lynchburg	VA	24515	540946734	REAL ESTATE	VA	$12,800	$469,136	Liberty Univ
4180 Richmond Highway LLC
1971 University Blvd	Lynchburg	VA	24515	540946734	REAL ESTATE	VA	$18,600	$751,942	Liberty Univ
4228 Richmond Highway LLC
1971 University Blvd	Lynchburg	VA	24515	540946734	REAL ESTATE	VA	$5,146	$279,095	Liberty Univ
4306 Richmond Highway LLC
1971 University Blvd	Lynchburg	VA	24515	540946734	Real Estate	VA	$0	$411,614	Liberty Univ
4500 Richmond Highway LLC
1971 University Blvd	Lynchburg	VA	24515	540946734	REAL ESTATE	VA	$0	$112,513	Liberty Univ
Holcomb Path LLC
1971 University Blvd	Lynchburg	VA	24515	540946734	Real Estate	VA	$0	$61,188	Liberty Univ
747 River Road LLC
1971 University Blvd	Lynchburg	VA	24515	540946734	Real Estate	VA	$0	$60,908	Liberty Univ
Airport Plaza Holdings LLC
1971 University Blvd	Lynchburg	VA	24515	471347963	Real Estate	VA	$632,068	$5,376,650	Liberty Univ
Burton Realty I LLC
1971 University Blvd	Lynchburg	VA	24515	540946734	REAL ESTATE	VA	$216,434	$3,595,246	Liberty Univ
Burton Realty II LLC
1971 University Blvd	Lynchburg	VA	24515	540946734	Real Estate	VA	$225,644	$3,748,235	Liberty Univ
Burton Realty III LLC
1971 University Blvd	Lynchburg	VA	24515	540946734	Real Estate	VA	$4,605	$76,495	Liberty Univ
Burton Realty IV LLC
1971 University Blvd	Lynchburg	VA	24515	540946734	REAL ESTATE	VA	$4,605	$76,495	Liberty Univ
Burton Realty V LLC
1971 University Blvd	Lynchburg	VA	24515	540946734	Real estate	VA	$4,605	$76,495	Liberty Univ
Burton Realty VI LLC
1971 University Blvd	Lynchburg	VA	24515	540946734	REAL ESTATE	VA	$4,605	$76,495	Liberty Univ
C & C Aviation LLC
1971 University Blvd	Lynchburg	VA	24515	540946734	Univ. Travel	VA	$373,428	$10,384,176	Liberty Univ
Crossroads Investments LLC
1971 University Blvd	Lynchburg	VA	24515	473991939	REAL ESTATE	VA	-$109,627	$713,140	Liberty Univ
Currus Holdings LLC
1971 University Blvd	Lynchburg	VA	24515	841924710	REAL ESTATE	VA	-$78,620	$5,001,991	Liberty Univ
Eleanor's Bench LLC
1971 University Blvd	Lynchburg	VA	24515	540946734	Student Prod	VA	$0	$0	Liberty Univ
Ivy Hill Recreation LLC
1971 University Blvd	Lynchburg	VA	24515	460903360	Student Rec	VA	$0	$0	Liberty Univ
Jerry Falwell Ministries LLC
1971 University Blvd	Lynchburg	VA	24515	832633425	Donations	VA	$0	$40,578	Liberty Univ
Collaborative Health Partners LLC (LHS
1971 University Blvd	Lynchburg	VA	24515	475575947	health svcs	VA	$32,109,468	$20,427,631	Liberty Univ
MD Resource LLC
1111 Corporate Park Dr Ste D	Forest	VA	24551	541836561	Office Svcs	VA	$0	$0	Liberty Univ
Legacy CHP of Virginia LLC
1111 Corporate Park Dr Ste D	Forest	VA	24551	464914763	Office Svcs	VA	$0	$0	Liberty Univ
Liberty Motion Pictures LLC
1971 University Blvd	Lynchburg	VA	24515	465653798	Student Prod	VA	$0	$11,894	Liberty Univ
Liberty Mountain Medical Group LLC
1971 University Blvd	Lynchburg	VA	24515	472935244	health serv	VA	-$2,671,057	$891,645	Liberty Univ
Liberty Ridge LLC
1971 University Blvd	Lynchburg	VA	24515	270714028	Real Estate	VA	$307,485	$8,637,210	Liberty Univ
LU Candler's Mountain Road Holdings LLC
1971 University Blvd	Lynchburg	VA	24515	540946734	Real Estate	VA	$16,068	$5,940,995	Liberty Univ
LU Candlers Station Holdings LLC
1971 University Blvd	Lynchburg	VA	24515	271753489	Real estate	VA	$2,281,854	$14,602,349	Liberty Univ
LU Plaza Holdings LLC
1971 University Blvd	Lynchburg	VA	24515	270217985	Real Estate	VA	$2,222,015	$15,100,372	Liberty Univ
LU Wards Road Center Holdings LLC
1971 University Blvd	Lynchburg	VA	24515	825392968	Real Estate	VA	$828,187	$6,749,589	Liberty Univ
LUCOM Graduate Medical Education Service
1971 University Blvd	Lynchburg	VA	24515	831769271	Med Education	VA	$0	$0	Liberty Univ
Morning Star Broadcasting LLC
1971 University Blvd	Lynchburg	VA	24515	463731118	TV Broadcast	VA	$0	$389,206	Liberty Univ
Philanthropy Lynchburg LLC
1971 University Blvd	Lynchburg	VA	24515	364962693	RETAIL SALES	VA	$985,175	$1,112,171	LIBERTY UNIV
Red Tie Music LLC
1971 University Blvd	Lynchburg	VA	24515	461340766	Student Publi	VA	$60,282	$263,771	LIBERTY UNIV
River Ridge Mall JV LLC
1971 University Blvd	Lynchburg	VA	24515	811762010	REAL ESTATE	VA	$9,121,083	$67,583,899	LIBERTY UNIV
Vertical Ventures LLC
1971 University Blvd	Lynchburg	VA	24515	540946734	TELECOM ASSET	VA	$0	$0	LIBERTY UNIV
CFA-Wards Road LLC
1971 University Blvd	Lynchburg	VA	24515	540946734	real estate	VA	$0	$0	Liberty Univ

Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp (6 entries)

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

Id Related Org Txbl Partnership IdRelatedOrgTxblPartnershipGrp (10 entries)

Address Line1USAddress/AddressLine1Txt	CityUSAddress/CityNm	State AbbreviationUSAddress/StateAbbreviationCd	ZIPUSAddress/ZIPCd	EINEIN	Primary ActivitiesPrimaryActivitiesTxt	Legal Domicile StateLegalDomicileStateCd	Business Name Line1DirectControllingEntityName/BusinessNameLine1Txt	Predominant Income TypePredominantIncomeTypeTxt	Share Of Total IncomeShareOfTotalIncomeAmt	Share Of EOY AssetsShareOfEOYAssetsAmt	Disproportionate AllocationsDisproportionateAllocationsInd	UBI Code VUBICodeVAmt	General Or Managing PartnerGeneralOrManagingPartnerInd	OwnershipOwnershipPct
Permanens Capital Defensive Income Fund
410 Park Ave	New York	NY	10022	383945161	Investing	DE	Permanens Assoc	excluded	$8,042,982	$179,554,507	false	$0	false	0.70877
Permanens Alternative Fund LP
410 Park Ave	New York	NY	10022	820801083	Investing	DE	Permanens Assoc	excluded	$4,220,008	$194,272,983	false	-$1,061,639	false	0.75773
Permanens Capital Equities Fund LP
410 Park Ave	New York	NY	10022	454748424	Investing	DE	Permanens Assoc	excluded	$4,329,520	$128,160,632	false	$0	false	0.83387
Permanens Capital Floating Rate Fund LP
410 Park Ave	New York	NY	10022	800939712	Investing	DE	Permanens Assoc	EXCLUDED	$3,925,320	$88,415,527	false	$0	false	0.64134
Permanens Capital Physical Precious Meta
410 Park Ave	New York	NY	10022	900838101	Investing	DE	Permanens Assoc	excluded	-$8,632	$77,781,835	false	$0	false	0.57569
Permanens Non-Agency RMBS Allocation Fun
410 Park Ave	New York	NY	10022	901003099	Investing	DE	Permanens Assoc	excluded	$7,443,049	$172,601,311	false	$0	false	0.54726
Spectrum Capital Securities Institutiona
2 High Ridge Park	Stamford	CT	06905	832764754	Investing	DE	Spectrum Asset	excluded	$2,819,721	$68,305,209	false	$0	false	0.56358
Usonian Japan Value US Dollar Hedged Fun
40 Rowes Wharf	Boston	MA	02110	611810824	Investing	DE	Usonian Investm	excluded	$1,911,353	$19,192,003	false	$0	false	0.60366
Permanens Capital Short Duration High Yi
410 Park Ave	New York	NY	10022	320476370	Investing	DE	Permanens Assoc	excluded	$2,699,625	$59,030,529	false	$0	false	0.56700
MidOcean Multi Asset Credit Fund LP
245 Park Avenue 38th Floor	New York	NY	10167	854037566	Investing	DE	MidOcean Multi	excluded	-$2,118,640	$29,071,800	false	$0	false	0.54463

Id Related Org Txbl Corp Tr IdRelatedOrgTxblCorpTrGrp (3 entries)

Address Line1USAddress/AddressLine1Txt	CityUSAddress/CityNm	State AbbreviationUSAddress/StateAbbreviationCd	ZIPUSAddress/ZIPCd	EINEIN	Primary ActivitiesPrimaryActivitiesTxt	Legal Domicile StateLegalDomicileStateCd	Business Name Line1DirectControllingEntityName/BusinessNameLine1Txt	Entity TypeEntityTypeTxt	Share Of Total IncomeShareOfTotalIncomeAmt	Share Of EOY AssetsShareOfEOYAssetsAmt	OwnershipOwnershipPct	Controlled OrganizationControlledOrganizationInd
Freedom Aviation Inc
310 Hangar Rd	Lynchburg	VA	24502	540755641	Aviation	VA	Liberty Univers	C Corp	$941,913	$23,515,371	1.00000	Yes (true)
Liberty Mountain Capital Inc
1971 University Blvd	Lynchburg	VA	24515	272376207	Investment	VA	Liberty Univers	C Corp	-$1,611	$495,235	1.00000	Yes (true)
Liberty Village Community Association In
1971 University Blvd	Lynchburg	VA	24515	862524000	Property Mgmt	VA	Liberty Univers	C Corp	$0	$0	0.60000	Yes (true)

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

Transactions Related Org TransactionsRelatedOrgGrp (16 entries)

Transaction TypeTransactionTypeTxt	InvolvedInvolvedAmt	Method Of Amount DeterminationMethodOfAmountDeterminationTxt
Freedom Aviation
A	$14,483	ACCRUAL
Old Time Gospel Hour
A	$9,853	ACCRUAL
Freedom Aviation
D	$377,492	ACCRUAL
Freedom Aviation
D	$130,432	ACCRUAL
Freedom Aviation
G	$70,701	ACCRUAL
Freedom Aviation
J	$26,247	ACCRUAL
Freedom Aviation
M	$8,255,497	ACCRUAL
Freedom Aviation
P	$291,845	ACCRUAL
Freedom Aviation
Q	$52,694	ACCRUAL
Permanens Alternative Fund LP
S	$4,026,233	ACCRUAL
Permanens Capital Defensive Income Fund LP
S	$143,765,535	ACCRUAL
Permanens Capital Short Duration Fund
S	$55,299,512	ACCRUAL
Permanens Non-Agency RMBS Allocation LP
R	$7,500,000	ACCRUAL
Spectrum Capital Securities Institutional Fnd
R	$18,000,000	ACCRUAL
GMO-Usonian Japan Value US Dollar Hedged Fund
R	$2,000,000	ACCRUAL
GMO-Usonian Japan Value US Dollar Hedged Fund
S	$18,345,912	ACCRUAL