Jerry’s Mountain May 23, 2007
Posted by atjohnson in About Jerry, Business, Education, Jerry Falwell, Liberty University, Uncategorized.add a comment
From washingtonpost.com:
‘Jerry’s mountain’
”Realtor Brenda Phelps likes to point out the sights to those contemplating a move to Lynchburg: ‘There’s Jerry’s church. There’s Jerry’s mountain.’ Once, when asked if Jerry Falwell personally owned that land overlooking the city, she said no, Liberty University did — ‘but it’s Jerry’s mountain.’
”Lynchburg is one of those cities that, in the Roman tradition, claim to be built on seven hills, and Jerry Falwell, who died on May 15 at age 73, was a man of many mountains. He’s probably best known for founding the Moral Majority in 1979 and quickly growing it to 6.5 million members: It played a major role in electing Ronald Reagan but faded in the late 1980s.
”Liberty University is another Falwell mountain: It began as Lynchburg Baptist College in 1971 and … now claims almost 10,000 students in residence, with 15,000 more in distance learning programs. He hoped some day to have Liberty play Notre Dame in football and joked … that he was officially Liberty’s chancellor but primarily its athletic director.”
– Marvin Olasky, writing on “Jerry’s Mountains,” in the May 26 issue of World
From Facebook.com
Falwell Dies May 16, 2007
Posted by atjohnson in About Jerry, Business, Education, Jerry Falwell, Liberty University, Religion.add a comment
Sorry for getting this up late but I rushed to Lynchburg yesterday to cover the Rev. Falwell’s death.
Campus was very quiet. Many people were in shock. Students thought Falwell was invincible. Some commented that they believed he would live another 10 or even 15 years.
My partner in crime, Pam Podger, and I wrote for The Roanoke Times.
Although this is a sad event, I can tell you that things will change very little at the University. Administration was preparing for something like this — evident in Jerry Jr.’s growing responsibilities at the school in the past few years.
Jerry Jr. will replace Falwell as Chancellor.
Here is another story on his influence from TRT.
Insurance May 8, 2007
Posted by atjohnson in About Jerry, Business, Education, Financial, Jerry Falwell, Liberty University.add a comment
According to this article, LU is funding its endowment and athletics program through use of life insurance plans.
I don’t really get this — any guidance out there? Is this a popular form of funding this stuff?
Checking in May 2, 2007
Posted by atjohnson in Business, Education, Expansion, Financial, Jerry Falwell, Liberty University.2 comments
The VA Tech shooting has pretty much ruled my life for the past few weeks, as I’m sure it has for everyone.
I had the bitter sweet opportunity to go to Blacksburg and string for TIME Magazine — good folks, good workers…
As for Falwell, it looks like he has plenty on his plate for right now. The new tax forms should be coming in sometime this month… It will be interesting to compare “profits” from the last fiscal year.
LU does have a tidbit on its Web site on that new mirrored pinout technology I blogged about. No news there, just waiting on a patent and continuing to market through their new company, TopLine.
The new school of engineering and sciences opens in the Fall.
Liberty Race Car April 13, 2007
Posted by atjohnson in About Jerry, Business, Education, Expansion, Financial, Jerry Falwell, Liberty University, NASCAR, Technology.2 comments
I missed this one last week, as reported from the Bedford Bulletin. Liberty University is sponsoring a race car.
Stephen Berry, a freshman at LU, got the university to sponsor his #71 Monte Carlo Late Model Stock Car for the full NASCAR Whelen All-American Series at the Motor Mile Speedway in Radford.
Among the “associate” sponsors are Falwell Aviation (I had not clue that existed), Liberty Dining and Barnes and Noble at Liberty University.
According to the LU Web site, “Liberty’s sponsorship of the team and the association to the sport of racing and NASCAR’s 90 million fans will provide great exposure for the team and the University. “
Anyone out there know how much it costs to sponser a car like this?
Comparing Liberty Profits April 11, 2007
Posted by atjohnson in Business, Education, Financial, Jerry Falwell, Liberty University.1 comment so far
Here is a rundown of the profits of some other Christian universities. The information is from each institutions 2005 form 990 from guidestar.org. Profit was calculated by taking total revenue and subtracting total expenses.
Colorado Christian University- $407,409
Oklahoma Christian University- $85,878
Cincinnati Christian University- $552,127
Northwest University- $757,426
Liberty University Tax Form April 6, 2007
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I got my hands on Liberty University’s 990 through guidestar.org, which provides IRS tax forms for not-for-profit, tax-exempt organizations.
Liberty University is officially Liberty University INC. according to the forms.
In 2004-05 tax year the institution received the following:
$1,400,548 in direct public support
$3,666,054 in indirect public support
$146,474,303 in total assets
$64,609,883 in total liabilities
$162,640,622 in total revenue
$150,496,014 in total expenses
That, according to my calculations, is $12,144,608 in profit
LibertyU.com March 7, 2007
Posted by atjohnson in Education, Expansion, Jerry Falwell, Liberty University.add a comment
This is a great site that gives insight into the lives of students at Liberty. It is also a great inside view on what is going on at the school.
Check out this guys blog, who updates news at LU.
Liberty Law and online revenue March 7, 2007
Posted by atjohnson in Business, Education, Expansion, Jerry Falwell, Liberty University.add a comment
When I went on a tour of LU’s new law school last winter I was shown a classroom that was being constructed to resemble a court room. The News and Advance picked up the story. $1 million, 4,395 square feet, 330 seats. Yowsers.
In other news, LU’s online enrollment is up, with initial figures suggesting the additional students will bring in more than the $13 million orginally expected (about $14 million in all.) The net worth of the distance learning program is estimated this year at $21 million, up $9 million from last year. Check out more of the numbers here.
Scholarships February 26, 2007
Posted by atjohnson in Business, Education, Financial, Jerry Falwell, Liberty University.add a comment
I always hear people talking about the scholarships that Liberty gives out, so I wanted to give you guys a run-down of just what students there can receive (other than need-based federal money)
I understand that cost of tuition is much less than my own college, therefore $12,200 in total possible scholarships strikes me as ALOT. No wonder they keep finding ways to make money, the school needs to supplement its scholarship money some how.
