of "Aa3" along with a "stable outlook" projection from Moody's Investors Services based on "the increasing scope of the University's activity", "its large pool of financial reserves", "uncommonly strong operating performance", and "discipline around building and maintaining reserves".
In March 2017, Falwell Jr. said that the university's endowment stood at more than $1 billion and gross assets are in excess of $2 billion. The U.S. Department of Education rated Liberty as having a "perfect" financial responsibility score.
According to a 2018 report by The New York Times, most of Liberty University's revenue comes from taxpayer-funded sources.
In 2019, Falwell Jr. was accused of using the university for his family's financial benefit. Staff members said the university has funneled tuition money into real estate investments that benefit friends and family of the Falwells, including a shopping mall owned by the university and managed by Falwell's son Trey, a university vice president. Falwell responded to the accusations …
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