Liberty University, the evangelical powerhouse founded by Jerry Falwell Sr., has long touted its mission of “Training Champions for Christ.”
But a deep dive into its latest IRS Form 990 filing for the fiscal year ending June 30, 2024, reveals a different kind of championship: one in executive compensation. Its top officers and insiders are pocketing salaries rivaling those of Fortune 500 CEOs, while the institution operates as a tax-exempt nonprofit.
The filing, obtained via ProPublica’s Nonprofit Explorer, shows Liberty dishing out more than $18 million in reportable compensation to its officers, directors, trustees, key employees, and highest-paid staff…