LYNCHBURG, Va (WFXR) — Liberty University has moved up in the ranks of schools with the largest endowments in the United States. The most recent survey from the National Association of College and University Business Officers (NACUBO) showed Liberty improved from no. 74 to 68.
Liberty University President Jerry Falwell said in a statement, “That list includes Stanford, MIT, Notre Dame, University of Michigan, University of Texas, Texas A&M, and the Ivy League’s Penn, Yale, Harvard and Princeton. This means that the national-level acumen of our LU leadership and investment partners is now considered ‘business as usual!’”
Liberty’s investments include campus infrastructure and student aid programs. With survey results like the one from NACUBO, faculty are excited to see where the momentum can take the university.
““What is interesting is that our specific investment strategy is purposely built with less risk than the portfolio of many other schools,” said Don Moon, Liberty’s senior vice president of finance and investment management. “Even with a lower-risk strategy, we are seeing greater growth than our largest endowed competitors. This serves our stakeholders — our families, our students.”
Of LU’s $2 billion in investments, $1.6 billion was endowments.
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